Celestia, an altcoin listed as one of the
best to invest in for anticipated bull runs, has had a turbulent price performance. Despite displaying a bleak price outlook and hitting the oversold region following a 12% price drop, the cryptocurrency rebounded with a
14% gain after a network upgrade announcement. Speculation of a 20% upside breakout rally for Celestia and Sui drove great enthusiasm. Celestia is also gaining attention on the DTX Exchange as one of the new crypto contenders.
Celestia leverages its
'modular blockchain', attracting investors seeking unique scaling breakthroughs, and this received a boost through a partnership with Fireblocks. Its potential has led to predictions of a
2,750% price explosion to $188. A Celestia-built Rollkit has also benefited from an interchain boost. This follows a liquid staking protocol MilkyWay which raised $5 million ahead of its token launch and airdrop.
Celestia's rise comes with a growing list of collaborations, including one with Indra for the FCAS program to accelerate next-gen satellite communications and another partnership with Starkware on data availability. The team behind Celestia envisions a future with
10,000 roll-ups and the capability of surpassing Ethereum in data storage, according to research.
Although the coin plumetted to its lowest since December 2023, it was not bereft of its green days. Celestia stunned traders with a
+60% rally amid an ecosystem boom. Even with Celestia at yearly lows, traders believe the coin will stay bullish, with price predictions even reaching a high of
$130.
Celestia News Analytics from Wed, 27 Sep 2023 17:06:26 GMT to Fri, 16 Aug 2024 02:26:41 GMT -
Rating 5
- Innovation 8
- Information 9
- Rumor 7
