Celestia Research Hub | TIA information, history and analysis
Celestia is the first Modular Blockchain that allows other Blockchains to link to use the consensus mechanism as well as the data available, thereby increasing the speed and improving the performance of the attached blockchains. Celestia enables the next generation of scalable blockchain architectures – modular blockchains. Celestia scales by decoupling execution from consensus and introducing a new primitive, data availability sampling.
Celestia’s products:
- Ring Signatures: Electronic signatures that allow the sender to conceal their identity from others in a group.
- Stealth Addresses: The feature creates a layer of anonymity between your public address and the Celestia you own.
- Ring Confidential Transactions: Ring CT technology allows the amount sent for a transaction to be hidden while maintaining the network’s ability to verify transaction value.
TIA is a native coin of the Celestia ecosystem, operating on Celestia and can be used to:
- Bootstrapping new rollups
- Paying for blobspace
- Staking rewards
- Decentralized governance
Celestia (TIA) could see a substantial rally of 184% to about $9.8 based on market conditions, driven by recent accumulation despite previous sell-offs.
While U.S. Investors sold $591,200 in TIA, others accumulated approximately $9.98 million worth, suggesting a positive trend for the cryptocurrency.
Technical analysis indicates TIA is in a ‘cup and handle’ pattern, needing to exceed the resistance level of $3.25 to target $9.28 in the near future.
Celestia has formed a Death Cross, signaling further downside risks for TIA as it strives for recovery. Despite a partial gain of 12% after an 18% drop, market conditions indicate resistance continues, especially with the current Relative Strength Index falling below 50.
To alter the bearish trajectory, TIA must break the $5.56 resistance while holding above a crucial support level at $5.03. Success in these areas could pave the way for a rally toward $6.27, shifting investor sentiment positively.
Celestia has experienced a sharp 15% drop in price within 24 hours, making it vulnerable to further drops. Key technical indicators include a death cross and a rising Average Directional Index (ADX), highlighting strong bearish momentum. Maintaining support above 4.54 USD is crucial to prevent further downturns.
If Celestia breaks support at 4.54 USD, the price could decline to 4.10 USD. However, recovering and moving above 5.50 USD could signal a potential trend change, indicating a shift in market sentiment from bearish to bullish. Despite the possibility of recovery, current market sentiment remains negative with selling pressure.
Cardano (ADA) faces a significant week with a budget meeting scheduled for December 31, 2024. The meeting might influence investor sentiment and ADA’s market trajectory. Currently, trading above 0.85 USD, ADA aims to regain the 1.00 USD psychological level, impacting its market position positively.
Celestia (TIA) prepares for its Ginger upgrade, aiming to double data throughput and enhance performance. This could positively affect TIA’s market value, following a recent 44% dip. Trading at 4.82 USD, the upgrade might drive TIA towards 6.03 USD if market reception is favorable.
Cardano’s upcoming annual meeting will discuss the 2025 budget, which could influence ADA’s price. A successful meeting might push ADA above 1.00 USD, but failure to uphold support could drop it to 0.77 USD. Investors should monitor this event for potential market impact.
Celestia will undergo the Ginger upgrade, expected to double data throughput and cut block times from 12 to 6 seconds. Currently at 4.82 USD, TIA’s price could target 6.03 USD if it surpasses the 4.96 USD level, signaling a bullish market sentiment and recovering from previous losses.
Tron aims to integrate Chainlink’s data feeds, enhancing functionality and potentially breaching the 0.26 USD resistance. This upgrade, happening as TRX trades at 0.25 USD, could increase its market confidence. Conversely, failure may see a price decline to 0.22 USD, representing significant risk.
Celestia’s Ginger upgrade improved data throughput fivefold, achieving a record 11.85 gigabytes posted in a day. Regardless of this enhancement, TIA’s price remains stagnant, showing bearish sentiment similar to pre-November rally levels, establishing Celestia as a leading Ethereum transaction data provider.
TIA’s price fell nearly 50% from a peak, dropping from 9.20 USD to 4.30 USD. With bearish RSI and CMF reflecting capital outflows, TIA may breach support if trends continue. Alternatively, a breakout could elevate it to 7.30 USD, promising a 60% gain.
Strong buy signal detected: The TD Sequential indicator on Celestia’s 4-hour chart has generated a strong buy signal, reducing selling pressure and suggesting an upward Movement, provided 6.55 USD support holds.
Market sentiment stabilizes: Positive market sentiment and potential increases in trading volume may further validate this buy signal, encouraging a price rebound towards targets of 7.32 USD and 8.36 USD.
The Celestia Foundation has announced a successful $100 million fundraising round, led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and others.
This latest round brings the total funding raised by the Celestia project to an impressive $155 million.
The upcoming upgrade will introduce several significant changes aimed at improving network performance and interoperability.
The key changes include the implementation of CIP-6, which sets a minimum gas price to reduce network spam transactions. Additionally, CIP-14 will introduce cross-chain account functionality, boosting interoperability with the Cosmos ecosystem.
According to PANews, the modular blockchain network Celestia has announced the launch of Blobstream on the Ethereum mainnet.
Blobstream serves as a bridge between Celestia and Ethereum (or its EVM L1 chain), facilitating the transfer of data and assets between the two networks.