Modular blockchain Celestia has experienced incredible growth since October 31, 2023, when TIA tokens were tokenized to 580,000 users and the mainnet went live. Since launch, TIA has increased more than 460% from $2.10 to its current value of $13.

Celestia's trading volume increased by 85% in just two weeks, according to Santiment data. Despite the decline in social volume and development activity over the past few weeks, these indicators are on the rise again in 2024.

TIA's value increased with the launch of the beta version of the Celestia mainnet on October 31, 2023, ushering in the modular blockchain era.

Celestia differentiates itself from its competitors as a modular data accessibility network designed to increase blockchain scalability and improve developer experience. Its design allows it to provide a scalable data accessibility layer for other blockchains.

Celestia's data availability method is used to evaluate scalability with 14 TPS per second per transaction. This is significant performance considering it only launched less than 4 months ago and network adoption is not yet at the level of Arbitrum.

While Celestia's data availability scaling layer is likely to find a niche among users, it remains to be seen how the price will react as the ecosystem grows.

TIA fell as market participants awaited the U.S. Securities and Exchange Commission's (SEC) decision on spot Bitcoin ETF applications. Aside from the bearish trend seen on January 3, the decline in TIA's price could be due to profit-taking following the recent rally to as high as $14.

TIA/USD 4-hour chart. Source: TradingView

Above, Celestia price traded between $11.18 and $12.91, which is a significant demand zone. This support zone has provided a starting point for TIA's recent rallies.

If the same scenario repeats, Celestia buyers from this demand zone could focus on $15 or $20 psychological levels, increasing the price by 22% from current levels.