Celestia, a name associated with cutting-edge and innovative blockchain projects, has been making headlines – both positive and negative – in the recent past. One of the most remarkable feats is its successful raising of
$100M, led by
Bain Capital Crypto, marking a significant milestone in its journey. However, it's equally important to note the rising bearish pressure, which has led to the steep decline in the value of the
TIA token, despite a
12% TIA price recovery. This downward trend has been further deepened due to the
death cross.
The news also sheds light on Celestia's
blobstream going live on Ethereum mainnet, further propelling it into the spotlight. On the flip side, there are concerns around a large unlock of tokens; an apparent $1 billion unlock is imminent, leading to a significant surge in bearish pressure.
Celestia is demarcating itself as a promising player with its
modular blockchain network, part of its core offerings. It is developing unique technologies like
UK eScan that are set to revolutionize smallsat tracking. Many are watching Celestia closely, speculating its potential to
double its market cap by 2025, adding to the bullish pressure.
Celestia News Analytics from Tue, 11 Jun 2024 07:00:00 GMT to Wed, 15 Jan 2025 09:05:06 GMT -
Rating -5
- Innovation 4
- Information 6
- Rumor 2
