{"id":568201,"date":"2024-01-05T08:30:17","date_gmt":"2024-01-05T08:30:17","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=568201"},"modified":"2024-01-05T08:30:17","modified_gmt":"2024-01-05T08:30:17","slug":"celestia-adds-35-more-to-its-value-as-tia-guns-for-20","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/celestia-adds-35-more-to-its-value-as-tia-guns-for-20\/","title":{"rendered":"Celestia Adds 35% More To Its Value As TIA Guns For $20"},"content":{"rendered":"<p>One of the cryptocurrencies with the strongest performance over the last several months is TIA, the governance token of Celestia. A few points above its previous record high of $15.20, it surged to a new high of $16.15 today.<\/p>\n<p>To the delight of traders and investors, the altcoin&#8217;s value has <a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\">increased by over 35% during today&#8217;s rise,<\/a> according to statistics from Coingecko. This strong performance puts TIA on track to hitting its $20 target. Since October of last year, when TIA was at its lowest, it has increased by more than 500% overall.<\/p>\n<p>Following the mainnet&#8217;s activation and the airdrop of tokens to 580,000 users on October 31, 2023, TIA has experienced remarkable growth. The modular blockchain cryptocurrency has increased in value since its launch by over 460%, from its $2.10 start price to over $16 at present.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/sei-what-token-rules-top-100-listing-with-80-rally-as-crypto-market-wobbles\/\" target=\"_blank\" rel=\"noopener \">SEI What? Token Rules Top 100 Listing With 80% Rally As Crypto Market Wobbles<\/a><\/div>\n<h2><strong>TIA&#8217;s Market Dynamics<\/strong><\/h2>\n<p>To begin with, <a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/celestia-price-at-pivotal-point-tia-could-rally-nearly-40-if-these-conditions-are-met-202401031409\" target=\"_blank\" rel=\"noopener nofollow\">Celestia<\/a> is a relatively new platform offering modular options for data availability. It seeks to scale a blockchain network as its user base increases by doing that. On its website, Celestia lists some of the companies that now use it, including Near Protocol, Arbitrum Orbit, Cartesi, and Cosmology.<\/p>\n<p>Because of its substantial market capitalization, TIA has demonstrated great liquidity, which has improved trading conditions for investors. For over two weeks, the token&#8217;s price has likewise been fluctuating between $14 and $15.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/EB31BUse\/\" width=\"1835\" height=\"883\"><\/p>\n<pre style=\"text-align: center\">Total crypto market cap is currently at $1.6 trillion. Chart:<a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\"> TradingView.com<\/a><\/pre>\n<p>One of two things will happen while TIA trades in this range: either a bounce that results in an exponential rally or a pullback that results in a sharp correction.<\/p>\n<p>The main obstacle facing investors in Celestia is the significant dilution they might anticipate in the upcoming years. Coingecko data shows there are currently <a href=\"https:\/\/www.coingecko.com\/en\/coins\/celestia\" target=\"_blank\" rel=\"noopener nofollow\">over 145 million units in circulation<\/a> out of a potential supply of over 1 billion units.<\/p>\n<p>According to data from MintScan, the altcoin had a poor start to on-chain activity, enabling just 510,000 transactions in the first two days.<\/p>\n<p>But when traders&#8217; interest increased, the price of TIA rose as well, and eventually, on-chain activity increased as well. Since its launch on October 31, 2023, the network has enabled over 6.6 million transactions, according to MintScan data.<\/p>\n<p>Relative Strength Index (RSI) for TIA is currently at the halfway point, indicating that a bounce might occur. Additionally, the Awesome Oscillator (AO) declines in direction of the zero mean level.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-568202\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/01\/a-20.png?resize=1024%2C347\" alt=\"\" width=\"1024\" height=\"347\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/01\/a-20.png?w=1277 1277w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/01\/a-20.png?w=460 460w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/01\/a-20.png?w=768 768w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/01\/a-20.png?w=860 860w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/01\/a-20.png?w=750 750w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/01\/a-20.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre style=\"text-align: center\">Celestia\u2019s social volume and development activity. Source: Santiment<\/pre>\n<h2><strong>2024 Uptick Despite Declines<\/strong><\/h2>\n<p>Meanwhile, Santiment data shows that in just two weeks, Celestia&#8217;s activity increased by 85%. Based on data, these metrics have begun to increase in 2024, despite the recent decline in social traffic and development activity.<\/p>\n<p>When more than 175 million tokens come online in October, the next Celestia token unlock will take place, according to TokenUnlocks. Since token unlocks add to the total quantity of tokens in circulation, they are viewed as extremely negative.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/vitalik-buterin-blessing-boosts-ens-price-token-soars-on-super-important-label\/\" target=\"_blank\" rel=\"noopener \">Vitalik Buterin Blessing Boosts ENS Price: Token Soars On \u2018Super Important\u2019 Label<\/a><\/div>\n<p>While Celestia&#8217;s impressive price hike and TIA&#8217;s ambitious target paint a rosy picture, it&#8217;s crucial to remember that the crypto market is notoriously volatile. Investors should remain cautious and conduct thorough research before diving headfirst into this dynamic space.<\/p>\n<p>Nevertheless, Celestia&#8217;s underlying technology and the growing traction of its interoperability solutions undoubtedly warrant close attention. The next few months could be pivotal for modular blockchains, and Celestia is undoubtedly at the forefront of this movement.<\/p>\n<p><em>Featured image from Pexels<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the cryptocurrencies with the strongest performance over the last several months is TIA, the governance token of Celestia. A few points above its previous record high of $15.20, it surged to a new high of $16.15 today. To the delight of traders and investors, the altcoin&#8217;s value has increased by over 35% during today&#8217;s rise, according to statistics from Coingecko. This strong performance puts TIA on track to hitting its $20 target. Since October of last year, when TIA was at its lowest, it has increased by more than 500% overall. Following the mainnet&#8217;s activation and the airdrop of tokens to 580,000 users on October 31, 2023, TIA has experienced remarkable growth. The modular blockchain cryptocurrency has increased in value since its launch by over 460%, from its $2.10 start price to over $16 at present. Related Reading: SEI What? Token Rules Top 100 Listing With 80% Rally As Crypto Market Wobbles TIA&#8217;s Market Dynamics To begin with, Celestia is a relatively new platform offering modular options for data availability. It seeks to scale a blockchain network as its user base increases by doing that. On its website, Celestia lists some of the companies that now use it, including Near Protocol, Arbitrum Orbit, Cartesi, and Cosmology. Because of its substantial market capitalization, TIA has demonstrated great liquidity, which has improved trading conditions for investors. For over two weeks, the token&#8217;s price has likewise been fluctuating between $14 and $15. Total crypto market cap is currently at $1.6 trillion. Chart: TradingView.com One of two things will happen while TIA trades in this range: either a bounce that results in an exponential rally or a pullback that results in a sharp correction. The main obstacle facing investors in Celestia is the significant dilution they might anticipate in the upcoming years. Coingecko data shows there are currently over 145 million units in circulation out of a potential supply of over 1 billion units. According to data from MintScan, the altcoin had a poor start to on-chain activity, enabling just 510,000 transactions in the first two days. But when traders&#8217; interest increased, the price of TIA rose as well, and eventually, on-chain activity increased as well. Since its launch on October 31, 2023, the network has enabled over 6.6 million transactions, according to MintScan data. Relative Strength Index (RSI) for TIA is currently at the halfway point, indicating that a bounce might occur. Additionally, the Awesome Oscillator (AO) declines in direction of the zero mean level. Celestia\u2019s social volume and development activity. Source: Santiment 2024 Uptick Despite Declines Meanwhile, Santiment data shows that in just two weeks, Celestia&#8217;s activity increased by 85%. Based on data, these metrics have begun to increase in 2024, despite the recent decline in social traffic and development activity. When more than 175 million tokens come online in October, the next Celestia token unlock will take place, according to TokenUnlocks. Since token unlocks add to the total quantity of tokens in circulation, they are viewed as extremely negative. Related Reading: Vitalik Buterin Blessing Boosts ENS Price: Token Soars On \u2018Super Important\u2019 Label While Celestia&#8217;s impressive price hike and TIA&#8217;s ambitious target paint a rosy picture, it&#8217;s crucial to remember that the crypto market is notoriously volatile. Investors should remain cautious and conduct thorough research before diving headfirst into this dynamic space. Nevertheless, Celestia&#8217;s underlying technology and the growing traction of its interoperability solutions undoubtedly warrant close attention. The next few months could be pivotal for modular blockchains, and Celestia is undoubtedly at the forefront of this movement. Featured image from Pexels<\/p>\n","protected":false},"author":557,"featured_media":568209,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[166,89781,4735,9301],"class_list":["post-568201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analysis-2","tag-celestia","tag-price-action","tag-tia"],"acf":[],"yoast_head":"\n<title>Celestia Adds 35% More To Its Value As TIA Guns For $20<\/title>\n<meta name=\"description\" content=\"One of the cryptocurrencies with the strongest performance over the last several months is TIA, the governance token of Celestia. 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A few points above its\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ktsl888.com\/news\/celestia-adds-35-more-to-its-value-as-tia-guns-for-20\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-05T08:30:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/01\/a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"4608\" \/>\n\t<meta property=\"og:image:height\" content=\"3456\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/celestia-adds-35-more-to-its-value-as-tia-guns-for-20\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/celestia-adds-35-more-to-its-value-as-tia-guns-for-20\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Celestia Adds 35% More To Its Value As TIA Guns For $20\",\"datePublished\":\"2024-01-05T08:30:17+00:00\",\"dateModified\":\"2024-01-05T08:30:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/celestia-adds-35-more-to-its-value-as-tia-guns-for-20\/\"},\"wordCount\":569,\"publisher\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/celestia-adds-35-more-to-its-value-as-tia-guns-for-20\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/01\/a.jpg?fit=4608%2C3456\",\"keywords\":[\"analysis\",\"Celestia\",\"Price action\",\"TIA\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/celestia-adds-35-more-to-its-value-as-tia-guns-for-20\/\",\"url\":\"https:\/\/www.ktsl888.com\/news\/celestia-adds-35-more-to-its-value-as-tia-guns-for-20\/\",\"name\":\"Celestia Adds 35% More To Its Value As TIA Guns For $20\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/celestia-adds-35-more-to-its-value-as-tia-guns-for-20\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/celestia-adds-35-more-to-its-value-as-tia-guns-for-20\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/01\/a.jpg?fit=4608%2C3456\",\"datePublished\":\"2024-01-05T08:30:17+00:00\",\"dateModified\":\"2024-01-05T08:30:17+00:00\",\"description\":\"One of the cryptocurrencies with the strongest performance over the last several months is TIA, the governance token of Celestia. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. 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