↗ Celestia (TIA): Juggling Token Unlocks and Upgrades

Celestia’s (TIA) recent price fluctuations and upcoming releases have been the primary focus of crypto market analysis. Recent news surrounding the $890 million unlock of its tokens shook the crypto markets and put Celestia’s (TIA) viability into question. Following this, the market witnessed a notable correction as TIA incorporated the unlocked tokens, making up around 80% of its total supply. Alongside, there is massive selling pressure estimated at $460 million predicted to unleash due to the token unlock, inducing a nearly 10% loss for TIA. On the other hand, forecasts suggest a bullish market sentiment for Celestia going forward, particularly as the plans to scale block size to 1GB take shape. The Celestia Foundation has recently raised a staggering $100 million towards its modular blockchain network and has also launched the Ginger Network upgrade. The network upgrade is set to facilitate enhanced throughput and faster finality. Celestia’s future plans include increasing the block size to 1-gigabytes and improving overall network performance with upcoming releases. Despite facing token unlocks and price volatility, Celestia's TIA is projected to rally to $7.50, possibly leading further to a $12 target.

Celestia News Analytics from Tue, 02 Apr 2024 07:00:00 GMT to Wed, 30 Oct 2024 22:51:32 GMT - Rating 2 - Innovation 8 - Information 7 - Rumor -5