Celestia (TIA) has seen significant recognition as it recently announced a sizeable $100 million fundraise led by
Bain Capital Crypto. The funds have been allocated for pioneering a
modular blockchain network which has successfully raised the total funding to $155 million. Amidst this news, the TIA token observed a surge over 30%, indicating positive market response. However, there are mixed views regarding the token's future performance with some analysts predicting a price drop after this sudden surge.
Despite this, the foundation plans to boost blockchain scalability aiming for 1GB block scalability. Noteworthy mentions include a potential partnership with Uzma towards ground segment technologies and a significant unveiling of a roadmap to 1-gigabyte blocks. Celestia’s mainnet also went live, causing the TIA token price to further increase by over 21%. Celestia aims to surpass Ethereum in data storage according to research.
TIA’s price has shown considerable volatility with a remarkable 32% jump on the announcement of funds being raised and the occasional dip into the oversold region. Crypto traders have been taken by surprise with TIA's 25% surge despite skepticism among some analysts. There is also speculation around Celestia’s pricing and staking yield ahead of a significant unlock. In launching Lemongrass, Celestia caused TIA to jump another 15% with sights set on a $10 target. Notwithstanding a few correction risks, Celestia holds a promising future if it follows through on its ambitious plans.
Celestia News Analytics from Thu, 18 Jan 2024 08:00:00 GMT to Wed, 25 Sep 2024 11:50:11 GMT -
Rating 7
- Innovation 6
- Information 9
- Rumor -2
