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As TIA Guns, Celestia's Value Increases by 35% to $25
Over the course of the last several months, TIA, which is the governance token of Celestia, has been one of the cryptocurrencies that has shown the most robust performance. It reached a new high of $16.15 today, which is a few points more than its previous record high of $15.20 which it had reached.
As a result of today's gain, the value of the alternative cryptocurrency has climbed by more than 35 percent, according to information provided by Coingecko. This has brought traders and investors great joy. As a result of this impressive accomplishment, TIA is well on its way to reaching its aim of $20. More than five hundred percent of the total rise in TIA has occurred since October of the previous year, when it was at its lowest point.
Since the activation of the mainnet and the airdrop of tokens to 580,000 users on October 31, 2023, TIA has made great progress in terms of its growth. From its initial price of $2.10 to its current price of over $16 during the course of its existence, the modular blockchain cryptocurrency has seen a value gain of more than 460% since its introduction.
In the first place, Celestia is a relatively new platform that provides its users with modular alternatives for the availability of data. Through this action, it intends to expand a blockchain network in response to the growing number of users it has. Celestia provides a list of some of the businesses that are now using its services on its website. These businesses include Near Protocol, Arbitrum Orbit, Cartesi, and Cosmology.
TIA has proven a high level of liquidity, which has resulted in enhanced trading conditions for investors. This is on account of the considerable market capitalization that the company has. Similar to the previous example, the price of the token has been bouncing between $14 and $15 for more than two weeks.
During the time that TIA is trading inside this range, one of two things will take place: either a rebound that leads to an exponential rally or a pullback that leads to a dramatic correction.
The most major challenge that investors in Celestia must contend with is the possibility that they may experience a considerable dilution in the years to come. The information provided by Coingecko indicates that there are presently more than 145 million units in circulation, out of a theoretical supply of more over one billion units altogether.
MintScan's data indicates that the alternative cryptocurrency had a sluggish beginning to its on-chain activities, as it only enabled 510,000 transactions in the first two days of its existence.
However, when the level of interest among traders grew, the price of TIA also climbed, and finally, the amount of activity on the blockchain also increased. According to the statistics provided by MintScan, the network has been able to facilitate more than 6.6 million transactions since it was first introduced on October 31, 2023.
The Relative Strength Index (RSI) for TIA is now placed at the midway mark, which indicates that a rebound may take place in the near future. In addition to this, the Awesome Oscillator (AO) moves downward in the direction of the zero mean level.
Activities related to the social volume and growth of Celestia. The Santiment 2024 Uptick is the source. In spite of the declines
While this is going on, data from Santiment reveals that Celestia's activity has surged by 85 percent in only two weeks. In spite of the recent decrease in social traffic and development activity, these indicators have started to grow in 2024, according to the statistics and information available.
In October, when more than 175 million tokens are made available online, the next Celestia token unlock will be performed, as stated by TokenUnlocks. Due to the fact that token unlocks contribute to the overall number of tokens that are in circulation, they are considered to be particularly detrimental.
It is essential to keep in mind that the cryptocurrency market is notoriously unpredictable, despite the fact that Celestia's dramatic price increase and TIA's ambitious aim portray a somewhat optimistic image. Instead of rushing blindly into this volatile market, investors should exercise caution and undertake extensive study before making any decisions.
Nevertheless, Celestia's core technology and the increasing popularity of its interoperability solutions unquestionably call for careful consideration. In the next weeks and months, modular blockchains may see a period of significant change, and Celestia is unquestionably at the vanguard of this trend.
#tia #celestia #BinanceTournament $TIA
As a result of today's gain, the value of the alternative cryptocurrency has climbed by more than 35 percent, according to information provided by Coingecko. This has brought traders and investors great joy. As a result of this impressive accomplishment, TIA is well on its way to reaching its aim of $20. More than five hundred percent of the total rise in TIA has occurred since October of the previous year, when it was at its lowest point.
Since the activation of the mainnet and the airdrop of tokens to 580,000 users on October 31, 2023, TIA has made great progress in terms of its growth. From its initial price of $2.10 to its current price of over $16 during the course of its existence, the modular blockchain cryptocurrency has seen a value gain of more than 460% since its introduction.
In the first place, Celestia is a relatively new platform that provides its users with modular alternatives for the availability of data. Through this action, it intends to expand a blockchain network in response to the growing number of users it has. Celestia provides a list of some of the businesses that are now using its services on its website. These businesses include Near Protocol, Arbitrum Orbit, Cartesi, and Cosmology.
TIA has proven a high level of liquidity, which has resulted in enhanced trading conditions for investors. This is on account of the considerable market capitalization that the company has. Similar to the previous example, the price of the token has been bouncing between $14 and $15 for more than two weeks.
During the time that TIA is trading inside this range, one of two things will take place: either a rebound that leads to an exponential rally or a pullback that leads to a dramatic correction.
The most major challenge that investors in Celestia must contend with is the possibility that they may experience a considerable dilution in the years to come. The information provided by Coingecko indicates that there are presently more than 145 million units in circulation, out of a theoretical supply of more over one billion units altogether.
MintScan's data indicates that the alternative cryptocurrency had a sluggish beginning to its on-chain activities, as it only enabled 510,000 transactions in the first two days of its existence.
However, when the level of interest among traders grew, the price of TIA also climbed, and finally, the amount of activity on the blockchain also increased. According to the statistics provided by MintScan, the network has been able to facilitate more than 6.6 million transactions since it was first introduced on October 31, 2023.
The Relative Strength Index (RSI) for TIA is now placed at the midway mark, which indicates that a rebound may take place in the near future. In addition to this, the Awesome Oscillator (AO) moves downward in the direction of the zero mean level.
Activities related to the social volume and growth of Celestia. The Santiment 2024 Uptick is the source. In spite of the declines
While this is going on, data from Santiment reveals that Celestia's activity has surged by 85 percent in only two weeks. In spite of the recent decrease in social traffic and development activity, these indicators have started to grow in 2024, according to the statistics and information available.
In October, when more than 175 million tokens are made available online, the next Celestia token unlock will be performed, as stated by TokenUnlocks. Due to the fact that token unlocks contribute to the overall number of tokens that are in circulation, they are considered to be particularly detrimental.
It is essential to keep in mind that the cryptocurrency market is notoriously unpredictable, despite the fact that Celestia's dramatic price increase and TIA's ambitious aim portray a somewhat optimistic image. Instead of rushing blindly into this volatile market, investors should exercise caution and undertake extensive study before making any decisions.
Nevertheless, Celestia's core technology and the increasing popularity of its interoperability solutions unquestionably call for careful consideration. In the next weeks and months, modular blockchains may see a period of significant change, and Celestia is unquestionably at the vanguard of this trend.
#tia #celestia #BinanceTournament $TIA
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