In my post yesterday, I mentioned that $TIA is showing bullish potential, and its upward movement is now evident. Let's dive deeper into $TIA .
Celestia is a next-generation blockchain based on the Cosmos ecosystem, designed to solve problems with high application costs in Cosmos. It uses a modular approach to blockchain, breaking it down into data, consensus, and execution layers, making it faster and easier for developers to create new projects without building everything from scratch. This modular design allows for faster transactions and high-speed data delivery. Celestia has gained significant investor attention, leading to a price increase from $3 to $20 as of January 2024. The popularity of Celestia comes from its efficient and scalable approach to handling blockchain data and transactions. Developers can easily call necessary data modules (Spaces) for their dApps, simplifying the development process and reducing the need for extensive blockchain maintenance. This makes Celestia a promising technology for the growing demand for decentralized applications (dApps), including games and decentralized finance (dePin).
The current price of TIA is around $7. Since the peak price of $20 has fallen by almost 70%, $TIA is currently at a relatively safe price level. With the current price level as a starting point, we can expect TIA to do 5-10x before the end of 2024.
