In the latest cryptocurrency updates, multiple developments are emerging around the blockchain entities Binance Coin (BNB), Celestia (TIA), Ondo Finance (ONDO), and others. Celestia grabs a chunk of the attention, being involved in a multitude of proceedings. Foremost, the Celestia Foundation has successfully obtained $100M for their modular blockchain network initiative, strengthening the blockchain scalability revolution and marking a huge stride towards achieving 1-gigabyte blocks.
The digital currency, TIA, linked with Celestia, experienced various shifts with a notable 14% spike post a $100 million fundraising announcement. However, constraints remain. There are anticipations of potential price volatility amid a pending $900M token unlock further fuelling market predictions of a 23% downfall over the coming days. Contradictorily, some sources suggest the recovery may double the TIA value by 2025. Concurrently, news reveals that the Celestia token unlock could release $460 million worth of selling pressure. Some investors speculate a bullish setup, considering an anticipated rebound post a potential 27% decline.
Irrespective of the ongoing activity, TIA’s price remains challenged under key resistance even after an upgrade, which reveals a lack of price momentum. The Celestia Foundation’s impressive funding round has led by Bain Capital Crypto, breaching the $100M barrier, raising to $155M in total. Amid this, a controversial topic has surfaced claiming a 20% correction possibility for Celestia. Celestia also headlines with news on developing three new yacht itineraries showcasing innovative footprints outside of its core blockchain speciality.
Celestia News Analytics from Tue, 11 Jun 2024 07:00:00 GMT to Wed, 08 Jan 2025 18:16:22 GMT - Rating 0 - Innovation 8 - Information 9 - Rumor 4
