đ„đ„A Huge $100 Million Investment from Altcoin Project: Price Rally! đ„đ„
Celestia Foundation recently announced that it has raised a $100 million fund. With this development, the price of its native token TIA has increased by over 17%, drawing attention in the altcoin market.
This latest funding round, which was carried out with the participation of Bain Capital Crypto, brings the total funding of Celestia Foundation to $155 million. The project has achieved significant growth since its Mainnet Beta launch in October 2023, adding 20 rollup chains and focusing on its growth goals by detailing its technical developments. Celestia's main goal is to build 1 GB blocks.
In the last 24 hours, TIA gained 17% and started trading at $6.38. The cryptocurrency has gained 32.10% in the past week alone and 9.28% in the last 30 days. It has gained 203.72% since September 2023, reaching a market value of $1.35 billion, thus becoming the 54th largest digital asset.
Celestia Price Prediction
According to the charts, TIA started the daily candle at $6.64 and rose to $6.9, but encountered resistance at this level. It then fell to $6.35 and is still trying to overcome the resistance level.
The Relative Strength Index (RSI) is at 64.14, which indicates that the bulls are generally responsible for the TIA price action and that the altcoin may soon reach oversold levels. This could be a good time to take advantage of the gains made.
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