Celestia Foundation has gathered substantial funds of $100M, resulting in a momentous lift in the price of Celestia's token TIA by 21%. This financial bolstering will expand its modular blockchain network, which is already noted to be advancing at a pace set to outdo Ethereum in data storage.
Bain Capital Crypto led the fundraising, seemingly endorsing Celestia’s approach to scalable blockchain solutions. While the foundation strides on an aggressive growth path,
Cryptocurrency analysts express varying outlooks, suggesting potential risks ahead. Some forecast an imminent fall in TIA’s price due to a $1.1 billion token unlock looming in October, while others believe a robust price growth, potentially hitting the $10 mark by 2024. At the same time, various token unlock events are highlighted for leading coins including Celestia, Aptos, and Sui, making the market volatile and susceptible to unpredictable movements. In more positive news,
Fireblocks is partnering with Celestia, enhancing modular blockchain solutions' efficiency. Furthermore, Celestia unveils its ambitious project roadmap which includes a proposal for scaling block size to 1 gigabyte—unprecedented in the crypto world. Despite the substantial raise and advancement,
Celestia faces some controversy regarding unclear OTC sales leading to market speculation. While investors are cautioned to trade cautiously, the Celestia Foundation continues to pioneer modular blockchain solutions in its mainnet beta plan.
Celestia News Analytics from Fri, 12 Apr 2024 07:00:00 GMT to Wed, 09 Oct 2024 16:31:26 GMT -
Rating 5
- Innovation 4
- Information 8
- Rumor 6
