Celestia Price Eyes $8 to $10 After Successful Upgrade...

Celestia Price Eyes $10 After Successful Upgrade

On September 18, Celestia unveiled its first mainnet enhancement, the Lemongrass upgrade, through an X post. This update introduces a one-click interaction capability through IBC and inter-chain accounts. The upgrade consists of multiple vital improvements.

For example, CIP-6 sets a minimum gas price to curb spam on the network. CIP-9 enhances IBC cross-chain transfers with new middleware for packet handling. CIP-10 introduces a streamlined mechanism for signaling network upgrades.

CIP-14 enables cross-chain account features, strengthening ties with the Cosmos ecosystem. Furthermore, CIP-20 eliminates the outdated Blobstream module, optimizing the network’s structure and performance.

The cryptocurrency market has experienced a notable uptick in recent trading hours. The surge in market value is evident as Bitcoin trades over the $62,000 mark. Similarly, Ethereum has climbed past $2,400.

This positive shift in cryptocurrency values follows the Federal Reserve’s decision to cut interest rates. Other leading altcoins have also mirrored this upward trend, further emphasizing the market’s bullish stance.

Will TIA Price Surge To 10 Soon?

Over the past 24 hours, the Celestia price has seen significant growth, indicating an ascending trend. The TIA price hovered at $6.22, making a strong surge of 15% during U.S. trading hours. According to CoinMarketCap data, the 24-hour trading volume has seen a remarkable increase of over 71%, reaching $289 million, indicating a heightened interest and activity in the market.

The Moving Average Convergence Divergence (MACD) indicator has turned positive, showing a crossover above the signal line, typically interpreted as bullish. The MACD histogram also supports this view, with green bars indicating increasing upward momentum.

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