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[LIVE] Cryptocurrency Updates Today, September 11 – Bitcoin Value Soars Beyond $114K, Solana Exceeds $220 As Linea Airdrop Launches: Which Cryptocurrency Will Surge Next?
The cryptocurrency crypto market is gaining momentum as BTC has surpassed $114,000. Traders are now speculating on which alternative coin might be the next to moon, as numerous altcoins are also showing significant increases. Solana (SOL) has risen above $220, BNB has reached a new all-time high, and Ethereum (Ethereum) remains resilient around $4,400.
In other news, today signifies a pivotal moment for Ethereum’s ecosystem: the much-anticipated Linea airdrop is now active. Created by ETH development company Consensys, Linea is launching its native LINEA crypto token in a highly awaited event. Unlike other layer-2 solutions, Linea will utilize ETH as its gas token while implementing a buyback-and-burn mechanism for LINEA, potentially resulting in scarcity over time.
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With a total value locked (TVL) exceeding $1.3 billion, Linea has rapidly ascended to become the 11th largest blockchain network in less than two years. Supporters label it as the most “Ethereum-aligned” L2, intending to reward Ethereum stakers and promote adoption through a 54 billion crypto token ecosystem fund. Early participants can start claiming their tokens, with a 90-day timeframe for the process.
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Non-BTC crypto Season Is Upon Us: Which Digital currency Will Be the Next to Surge?
The upward trend among major coins indicates that an alternative coin season might be in progress. Solana’s ascent beyond $220 emphasizes renewed crypto holder enthusiasm for Solana meme coins, while BNB’s new all-time high reflects robust buyer interest for trading protocol tokens. With ETH stable around $4,400, many believe that emerging projects like Linea could attract investment and ignite the next growth phase.
Whether BTC maintains its leadership or ETH layer-2s capture attention, the trading market momentum is undeniably back. Traders are actively looking for the next crypto asset set to soar.
Avalanche Foundation Aims for $1B AVAX Buyback through Hivemind and Dragonfly Strategies
According to the Financial Times, the Avalanche Foundation is in discussions with investors to create two U.S.-based “digital asset treasury” entities to raise $1 billion for the acquisition of millions of AVAX tokens at reduced prices. The initial initiative, spearheaded by Hivemind Capital, aims to secure up to $500 million via a publicly traded company; former White House press secretary and crypto trader Anthony Scaramucci is providing guidance on this arrangement.
The second initiative, also targeting $500 million, is a SPAC backed by Dragonfly Capital. If successful, both would acquire AVAX from the Foundation under advantageous conditions.
The article [LIVE] Crypto Update Today, September 11 – Bitcoin Price Surges Past $114K, Solana Above $220 As Linea Airdrop Goes Live: The Next Crypto To Explode? first appeared on 99Bitcoins.
