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The native token of the modular blockchain network Celestia (TIA) gained bullish momentum as social media users discuss a further price surge. TIA is up by 13% in the past 24 hours and is trading at $10.
Ethereum's modular scaling roadmap has clear benefits in faster and cheaper transactions, using technology like rollups for execution and dedicated data availability providers.
Celestia rose by more than 9 percent on Monday, and seems on course to break above the $10.00 barrier after a long decline.
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Omni Network has presented the new modular blockchain implementation Octane, capable of integrating the Arbitrum and Celestia ecosystems.
Despite the broader market turning optimistic with Bitcoin's surge above $63,000, few altcoins struggle to make a comeback. This reflects an underlying fear in some altcoins that they could nosedive with minor market corrections. Amidst the altcoins projecting a stronger week, they reflect potential weakness or a volatile pivot, reflecting a dangerous turn.
The decline in Celestia's price is not merely an isolated event but rather a reflection of the broader market sentiment witnessed over the past month. However, what sets this altcoin apart is the noticeable exodus of investors, signaling a waning enthusiasm towards TIA.
Celestia (TIA) is prone to further correction after consistently forming red candlesticks over the past few days. The saving grace is that investors are not too keen on saving the altcoin either.
MilkyWay, the liquid staking hub for Celestia's modular ecosystem, has received backing from top crypto and blockchain venture capital firms Polychain Capital and Binance Labs. MilkyWay secures $5 million from investors An announcement published on Tuesday revealed that Polychain and Binance Labs led MilkyWay's $5 million seed round raise.
Celestia liquid staking protocol MilkyWay has raised $5 million in a seed round co-led by Binance Labs and Polychain Capital.
Despite a week of sideways movement in the crypto market, with altcoins showing minimal signs of recovery and Bitcoin struggling to surpass the $65k price level, renowned crypto analyst Michaël van de Poppe has identified a specific group of altcoins.
Binance, a leading cryptocurrency exchange, has once again triggered discussions among investors with its announcement to expand support for BOME, TIA, and MATIC tokens. Meanwhile, this move has sparked a significant rally in the prices of Book of Meme (BOME), Celestia (TIA), and Polygon (MATIC), underscoring the growing confidence in these cryptocurrencies within the market.
Binance Futures is set to expand its trading offerings by launching USDC-margined perpetual contracts for BOME, TIA, and MATIC cryptocurrencies. These contracts will provide traders with leverage of up to 75x, allowing for enhanced trading opportunities.
A closely followed crypto strategist believes that one memecoin is ready to witness mostly bullish price action. Pseudonymous analyst Inmortal tells his 212,700 followers on the social media platform X that Floki (FLOKI) looks primed to ignite bursts to the upside.
Two cryptocurrencies among the highest open interests in the market currently have negative funding rates, potentially indicating a buy signal.
Celestia (TIA), a red-hot cryptocurrency in the modular blockchain space, has experienced a rollercoaster ride in recent weeks. After reaching a peak of nearly $16, TIA underwent a correction, plummeting to $7.5 according to CoinMarketCap data.
The broader cryptocurrency market has shed the short-term gains experienced leading up to the Bitcoin (BTC) halving event. Following the completion of the bullish event, the markets have failed to react positively, with analysts attributing it to the post-halving retracement.
The cryptocurrency industry has displayed a bullish reversal as the top crypto tokens have added over 5% in their respective portfolios within the past few hours. Furthermore, the price of Bitcoin has successfully crossed the $64K mark, indicating a positive outlook for the market this week.
A widely followed crypto analyst and trader is expressing bullish sentiment on a Solana (SOL) competitor while offering his forecast on three altcoins.
The Rise from the Ashes: TIA's Resilient Rebound After a turbulent period that saw TIA's price plummet below the crucial $10 mark, the cryptocurrency displayed remarkable resilience, staging a strong comeback. The market witnessed two consecutive bullish candles on the four-hour chart, propelling TIA from a low of $8 to an impressive $11.
While most cryptocurrencies turned drastically bearish this week amid geopolitical tensions following the Iranian offensive against Israel, two projects remain with an overbought Relative Strength Index (RSI), making for a potential sell signal.
The crypto markets are plunging, with the majority of the tokens slumping below their immediate support and heading towards the key support levels. Meanwhile, Coinpedia has picked some 100x gems, which may trigger a healthy upswing in the coming days.
Celestia's Blobstream is now live on Arbitrum Orbit, enabling L2 and L3 networks to validate data without full downloads and to reduce costs.
A widely followed crypto strategist believes that one newly launched altcoin could see gains of multiples within weeks. Pseudonymous analyst Altcoin Sherpa tells his 213,900 followers on the social media platform X that cross-chain messaging protocol Wormhole (W) could head much higher after a recent airdrop of tokens and a listing on several exchanges.
