Celestia, a modular blockchain network, has been in the news for a variety of reasons, both positive and negative, which has stirred the crypto market. The co-founder wants to scrap staking which has caused the
TIA token to bleed considerably, recording a 93% dip. Despite such drastic drop, the founder has dismissed Fear, Uncertainty, and Doubt (
FUD), pointing out a war chest of $100M which could sustain operations amid insider trading allegations. Meanwhile, Polymarket's political market surge has pushed Celestia into rethinking its consensus. Celestia had to face multiple allegations, but its capital reserve seems to have kept it afloat even in the face of criticisms.
The cryptocurrency could be leading even bigger changes in blockchain scalability, despite the TIA price drop. Predictions swirl around
Celestia's potential breakout, with the unveiling of its roadmap and 1-gigabyte blocks aiming to catapult the project into success. There's speculation of Celestia becoming the next Ethereum killer, adding more intrigue to its story. The project has also been seen expanding with introductions of tools such as an 'AppLayer' allowing developers to build stablecoin tools.
Stunningly, the
Celestia Foundation secured a hefty $100M capital led by Bain Capital Crypto and is believed to be on track to surpass Ethereum in data storage. However, there's cautious speculation of a struggle to stay above certain value thresholds with massive token unlocks being ahead.
Celestia News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Wed, 25 Jun 2025 08:33:47 GMT -
Rating 0
- Innovation 6
- Information 8
- Rumor -5
