Celestia (TIA), the cryptocurrency with a focus on data availability, has been in a long-term correction phase, struggling to find clear bullish reversal signs. Regardless, its tech has caught the attention of Ethena and Securitize, who have decided to tap into it for their asset-tokenization blockchain due to launch in Q2.
VanEck, the investment management firm, is also betting on Celestia by introducing an exchange-traded note tracking TIA. The
Celestia Foundation has secured
$100M in a funding round led by
Bain Capital Crypto, fueling the modular blockchain network. Despite some dipping price, Celestia remains a subject of consideration among altcoins. Still, the upcoming
$853-Million unlock casts a cloud of uncertainty, threatening to exert further downside pressure.
Celestia UK eScan technology has successfully tracked the JoeySat smallsat, hinting at potential expansion into satellite communications. Recently, the
Callisto subsidiary won a contract to supply cryogenic LNAs for the Sardinia deep space antenna upgrade. Despite the challenges and controversial views around Celestia’s potential, the currency eyes a breakout above $5, although some analysts predict a lingering struggle to stay above that mark even after a considerable unlock. However, if it manages to absorb the huge upcoming token unlocks effectively and investors remain undaunted, Celestia could see an impressive growth spurt.
Celestia News Analytics from Tue, 11 Jun 2024 07:00:00 GMT to Wed, 23 Apr 2025 10:00:00 GMT -
Rating -4
- Innovation 8
- Information 6
- Rumor 5
