Week in DeFi: Reaching for the Celestia
More layer-2s are adopting Celestia's Data Availability layer, reducing gas fees by up to 10X. Meanwhile, more protocols are launching points reward programs, from Drift Protocol to Rabby.
Keep up with what's happening in the crypto world in real-time.
More layer-2s are adopting Celestia's Data Availability layer, reducing gas fees by up to 10X. Meanwhile, more protocols are launching points reward programs, from Drift Protocol to Rabby.
Cryptocurrency prices had a strong weekend as the fear and greed index moved to extreme greed after the encouraging PCE report. Bitcoin, the biggest cryptocurrency in the world, jumped from last week's low of $38,500 to over $42,500. Other cryptocurrencies like Celestia (TIA), Chainlink (LINK), and Wen.
The crypto market is at an interesting juncture characterized by fear and optimism for a massive rally into the bull market. Most investors are jittering following the post Bitcoin ETF approval sell-off which pushed Bitcoin price to trim gains from its recent peak at $49,000 to below $39,000.
Aevo is also switching to Celestia in the near term and planning to add yield strategies and incentives going ahead.
While Bitcoin has been in the limelight in the past week after the US SEC approved 11 spot Bitcoin ETFs, altcoins are also emerging as potential saviours for savvy investors. Among the promising altcoins, Option2Trade (O2T), Celestia (TIA), and Injective (INJ) are spearheading the charge, each bringing unique features to the table.
The digital currency ecosystem is evolving in no small measure with a series of small-cap coins making impressive moves in the market overall. While thousands of assets are making waves in the market today, a few selected coins have the prospects of soaring by 1000% to 10,000%.
Ever since the 2021 bull run, cryptos have gained mainstream attention, with significant growth in adoption as well. Since then, the market participants have kept on exploring various other projects, which may outperform the popular cryptos in terms of growth.
The glam in the crypto market in Q2 2023 is slowly but surely turning to gloom as digital assets give back the accrued gains. As expected, investors bought the rumor of the spot Bitcoin ETFs approval from October to December but then sold the news.
Crypto Price Prediction: The cryptocurrency market deepens its correction phase as Bitcoin price dips below the $42000 mark on Thursday. With the sell-the-news theory for Bitcoin ETF, the altcoins witnessed highlighted supply pressure.
In a strategic move to broaden its array of trading choices and elevate user experience, Binance introduced four new spot trading pairs on Friday, January 19, 2024. The newly added pairs include Ethereum Classic (ETC), Ethereum Name Service (ENS), Celestia (TIA), and Sui (SUI) as base currencies.
A modular blockchain with a notorious founder is the new obsession among crypto enthusiasts, its token value up 40% since December 18.
This bullish sentiment has paved the way for tokens such as Pyth Network (PYTH) and Celestia (TIA) to capture significant attention, while the Memeinator (MMTR) presale emerges as a promising opportunity for a diversified portfolio.
Bitcoin's performance after the BTC ETF approval last week was a bummer. Most speculators anticipated a price surge above $50,000 but all they got was a sharp dip below $42,000.
Ethereum co-founder, Vitalik Buterin, has recently sparked a debate on the classification of various layer-2 scaling solutions, particularly focusing on whether L2s using Celestia are genuine rollups or validiums. On January 16, Buterin agreed with a comment posted by Daniel Wang, the founder of the Ethereum roll-up solution Taiko. This is correct.
The Celestia coin TIA has turned all eyes in the crypto industry to itself after its price went up 50% in a week. After witnessing a massive price spike in the second week of January, the upward movement of the TIA coin slowed down, dropping by 2.43% in the last 24 hours.
The Ethereum co-founder has sparked a debate on whether validiums are in the same category as layer 2 rollups.
Celestia (CRYPTO: TIA) could go parabolic by the end of this cycle, according to Taiki Maeda, founder and CEO of HFA Research. He predicts TIA will be one of the "most important innovations" of the current crypto bull market.
Let's see what the next important unlocks will be.
Modular blockchain Celestia's TIA token has reached an all-time high, crossing the $20 mark today.
The Celestia (TIA) price has increased swiftly since January 3, reaching a new all-time high price of $20.18 today.
Besides being in the top 40 tokens in terms of market cap, TIA is also listed on CoinGecko's trending tokens list.
Celestia founder Mustafa Al-Bassam has opened up again about his past, which saw him banned from the internet for two years.
TIA coin, the native cryptocurrency of the Celestia Network is making strong moves gaining more than 50% over the last week. As of press time, the TIA price is up 6.33% and is currently trading at $19.82 with a market cap of $3.1 billion.
BTC price fell to unexpected lows after the spot ETF approval, but bullish price action from altcoins could be an early sign of a reversal.