{"id":568201,"date":"2024-01-05T08:30:17","date_gmt":"2024-01-05T08:30:17","guid":{"rendered":"https:\/\/wncen.com\/?p=568201"},"modified":"2024-01-05T08:30:17","modified_gmt":"2024-01-05T08:30:17","slug":"celestia-adds-35-more-to-its-value-as-tia-guns-for-20","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/celestia-adds-35-more-to-its-value-as-tia-guns-for-20\/","title":{"rendered":"Celestia Adds 35% More To Its Value As TIA Guns For $20"},"content":{"rendered":"

One of the cryptocurrencies with the strongest performance over the last several months is TIA, the governance token of Celestia. A few points above its previous record high of $15.20, it surged to a new high of $16.15 today.<\/p>\n

To the delight of traders and investors, the altcoin’s value has increased by over 35% during today’s rise,<\/a> according to statistics from Coingecko. This strong performance puts TIA on track to hitting its $20 target. Since October of last year, when TIA was at its lowest, it has increased by more than 500% overall.<\/p>\n

Following the mainnet’s activation and the airdrop of tokens to 580,000 users on October 31, 2023, TIA has experienced remarkable growth. The modular blockchain cryptocurrency has increased in value since its launch by over 460%, from its $2.10 start price to over $16 at present.<\/p>\n

Related Reading: SEI What? Token Rules Top 100 Listing With 80% Rally As Crypto Market Wobbles<\/a><\/div>\n

TIA’s Market Dynamics<\/strong><\/h2>\n

To begin with, Celestia<\/a> is a relatively new platform offering modular options for data availability. It seeks to scale a blockchain network as its user base increases by doing that. On its website, Celestia lists some of the companies that now use it, including Near Protocol, Arbitrum Orbit, Cartesi, and Cosmology.<\/p>\n

Because of its substantial market capitalization, TIA has demonstrated great liquidity, which has improved trading conditions for investors. For over two weeks, the token’s price has likewise been fluctuating between $14 and $15.<\/p>\n

<\/p>\n

Total crypto market cap is currently at $1.6 trillion. Chart: TradingView.com<\/a><\/pre>\n
One of two things will happen while TIA trades in this range: either a bounce that results in an exponential rally or a pullback that results in a sharp correction.<\/p>\n
The main obstacle facing investors in Celestia is the significant dilution they might anticipate in the upcoming years. Coingecko data shows there are currently over 145 million units in circulation<\/a> out of a potential supply of over 1 billion units.<\/p>\n
According to data from MintScan, the altcoin had a poor start to on-chain activity, enabling just 510,000 transactions in the first two days.<\/p>\n
But when traders’ interest increased, the price of TIA rose as well, and eventually, on-chain activity increased as well. Since its launch on October 31, 2023, the network has enabled over 6.6 million transactions, according to MintScan data.<\/p>\n
Relative Strength Index (RSI) for TIA is currently at the halfway point, indicating that a bounce might occur. Additionally, the Awesome Oscillator (AO) declines in direction of the zero mean level.<\/p>\n
\"\"<\/p>\n
Celestia\u2019s social volume and development activity. Source: Santiment<\/pre>\n
2024 Uptick Despite Declines<\/strong><\/h2>\n
Meanwhile, Santiment data shows that in just two weeks, Celestia’s activity increased by 85%. Based on data, these metrics have begun to increase in 2024, despite the recent decline in social traffic and development activity.<\/p>\n
When more than 175 million tokens come online in October, the next Celestia token unlock will take place, according to TokenUnlocks. Since token unlocks add to the total quantity of tokens in circulation, they are viewed as extremely negative.<\/p>\n
Related Reading: Vitalik Buterin Blessing Boosts ENS Price: Token Soars On \u2018Super Important\u2019 Label<\/a><\/div>\n
While Celestia’s impressive price hike and TIA’s ambitious target paint a rosy picture, it’s crucial to remember that the crypto market is notoriously volatile. Investors should remain cautious and conduct thorough research before diving headfirst into this dynamic space.<\/p>\n
Nevertheless, Celestia’s underlying technology and the growing traction of its interoperability solutions undoubtedly warrant close attention. The next few months could be pivotal for modular blockchains, and Celestia is undoubtedly at the forefront of this movement.<\/p>\n
Featured image from Pexels<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
One of the cryptocurrencies with the strongest performance over the last several months is TIA, the governance token of Celestia. A few points above its previous record high of $15.20, it surged to a new high of $16.15 today. To the delight of traders and investors, the altcoin’s value has increased by over 35% during today’s rise, according to statistics from Coingecko. This strong performance puts TIA on track to hitting its $20 target. Since October of last year, when TIA was at its lowest, it has increased by more than 500% overall. Following the mainnet’s activation and the airdrop of tokens to 580,000 users on October 31, 2023, TIA has experienced remarkable growth. The modular blockchain cryptocurrency has increased in value since its launch by over 460%, from its $2.10 start price to over $16 at present. Related Reading: SEI What? Token Rules Top 100 Listing With 80% Rally As Crypto Market Wobbles TIA’s Market Dynamics To begin with, Celestia is a relatively new platform offering modular options for data availability. It seeks to scale a blockchain network as its user base increases by doing that. On its website, Celestia lists some of the companies that now use it, including Near Protocol, Arbitrum Orbit, Cartesi, and Cosmology. Because of its substantial market capitalization, TIA has demonstrated great liquidity, which has improved trading conditions for investors. For over two weeks, the token’s price has likewise been fluctuating between $14 and $15. Total crypto market cap is currently at $1.6 trillion. Chart: TradingView.com One of two things will happen while TIA trades in this range: either a bounce that results in an exponential rally or a pullback that results in a sharp correction. The main obstacle facing investors in Celestia is the significant dilution they might anticipate in the upcoming years. Coingecko data shows there are currently over 145 million units in circulation out of a potential supply of over 1 billion units. According to data from MintScan, the altcoin had a poor start to on-chain activity, enabling just 510,000 transactions in the first two days. But when traders’ interest increased, the price of TIA rose as well, and eventually, on-chain activity increased as well. Since its launch on October 31, 2023, the network has enabled over 6.6 million transactions, according to MintScan data. Relative Strength Index (RSI) for TIA is currently at the halfway point, indicating that a bounce might occur. Additionally, the Awesome Oscillator (AO) declines in direction of the zero mean level. Celestia\u2019s social volume and development activity. Source: Santiment 2024 Uptick Despite Declines Meanwhile, Santiment data shows that in just two weeks, Celestia’s activity increased by 85%. Based on data, these metrics have begun to increase in 2024, despite the recent decline in social traffic and development activity. When more than 175 million tokens come online in October, the next Celestia token unlock will take place, according to TokenUnlocks. Since token unlocks add to the total quantity of tokens in circulation, they are viewed as extremely negative. Related Reading: Vitalik Buterin Blessing Boosts ENS Price: Token Soars On \u2018Super Important\u2019 Label While Celestia’s impressive price hike and TIA’s ambitious target paint a rosy picture, it’s crucial to remember that the crypto market is notoriously volatile. Investors should remain cautious and conduct thorough research before diving headfirst into this dynamic space. Nevertheless, Celestia’s underlying technology and the growing traction of its interoperability solutions undoubtedly warrant close attention. The next few months could be pivotal for modular blockchains, and Celestia is undoubtedly at the forefront of this movement. Featured image from Pexels<\/p>\n","protected":false},"author":557,"featured_media":568209,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[166,89781,4735,9301],"class_list":["post-568201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analysis-2","tag-celestia","tag-price-action","tag-tia"],"acf":[],"yoast_head":"\nCelestia Adds 35% More To Its Value As TIA Guns For $20<\/title>\n<meta name=\"description\" content=\"One of the cryptocurrencies with the strongest performance over the last several months is TIA, the governance token of Celestia. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Celestia Adds 35% More To Its Value As TIA Guns For $20","url":"http:\/\/wncen.com\/news\/celestia-adds-35-more-to-its-value-as-tia-guns-for-20\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/celestia-adds-35-more-to-its-value-as-tia-guns-for-20\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/a.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/a.jpg?fit=4608%2C3456"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analysis","celestia","price action","tia"],"dateCreated":"2024-01-05T08:30:17Z","datePublished":"2024-01-05T08:30:17Z","dateModified":"2024-01-05T08:30:17Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Celestia Adds 35% More To Its Value As TIA Guns For $20\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/celestia-adds-35-more-to-its-value-as-tia-guns-for-20\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/celestia-adds-35-more-to-its-value-as-tia-guns-for-20\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/a.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/a.jpg?fit=4608%2C3456\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analysis\",\"celestia\",\"price action\",\"tia\"],\"dateCreated\":\"2024-01-05T08:30:17Z\",\"datePublished\":\"2024-01-05T08:30:17Z\",\"dateModified\":\"2024-01-05T08:30:17Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/a.jpg?fit=4608%2C3456","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/568201"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=568201"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/568201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/568209"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=568201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=568201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=568201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}