Celestia TIA price dip buy Read CoinChapter.com on Google News

NOIDA (CoinChapter.com) — Celestia (TIA) has not had a good 2024 so far, with the TIA price down more than 5% year-to-date on April 11. TIA prices have been in a downtrend since Feb. 2024.

Celestia bulls remained unimpressed with the project’s recent partnerships, repeating the token’s fortunes from January earlier this year when hype and partnerships failed to uplift TIA bull’s moods.

Celestia is a blockchain network that uses a modular approach to resolve scalability issues in traditional blockchains. The platform divides the responsibilities of execution and consensus to allow for more scalability and flexibility.

Interestingly, it is not like Celestia developers are just sitting around and doing nothing to bolster their token’s value. For instance, Celestia is one of the hosts of the Modular Dubai program during the Token2049 Dubai event.

Celestia Forms New Partnership

Celestia partnered with EthStorage to enhance Manta Network’s infrastructure to enhance efficiency and security. The collaboration would allow Celestia to bring its modular Data Availability (DA) solutions to the table.

Celestia claimed the partnership would equip Manta Network with the speed and cost-effectiveness usually associated with Layer-2 technologies, alongside improved security through decentralized Layer-2 state derivation.

EthStorage contributes its expertise in permanent data storage, utilizing Data Availability Sampling (DAS) for on-chain verification via SNARK proof. This partnership marks Manta Network as the first to utilize Celestia’s modular DA despite the recent downtrend in the market value of the MANTA token.

Celestia and EthStorage partnered with Manta Network.

This collaboration upgrades Manta Network’s technical capabilities and strategically leverages EthStorage’s data storage solution for a more secure, efficient, and robust blockchain ecosystem.

As the partnership unfolds, the focus will turn to the real-world improvements and innovations it introduces.

The Celestia team also organized real-life meetups, like the Modular Meetup in Vancouver, to expand its presence in the sector.

TIA Price Continues Downtrend

Despite all the partnerships and events, TIA price action has remained hopelessly mundane, with the Celestia token forming consecutive lower highs since Feb. 9 earlier this year. TIA price is down more than 14% WTD, dropping to a low near $11.2 on April 11.

If the downtrend continues, TIA price could drop to the support near $9.7.

TIAUSD daily price chart with RSI. Source: Tradingview.com

Moreover, breaching the immediate support would force the Celestia token price to test the 0.786 FIB support near $7.4 before recovering.

On the other hand, if TIA bulls manage to jumpstart a rally, the Celestia token price could rally to the 20-day EMA (red wave) resistance near $12.7.

Breaking above the immediate resistance would bring TIA’s price face to face with the 50-day (purple wave) and 100-day (blue wave) EMA resistance confluence near $14.7.

The RSI for TIA remained neutral, with a reading of 34.2 on the daily charts.

The post TIA Price Has Crashed 25% in April — Should You Really Buy The Dip appeared first on CoinChapter.

According to recent data shared by the Shibburn team, within the past 24 hours, the SHIB army has transferred a massive amount of meme coins to “inferno” wallets, burning those SHIB without a chance of recovery.

In the meantime, the SHIB price has managed to recover after yesterday’s plunge, and the mysterious SHIB lead, Shytoshi Kusama, has published a festive tweet.

SHIB burns jump to flabbergasting high

The above-mentioned data source has reported that since yesterday morning, the loyal SHIB community, which includes both enthusiastic individuals and legal entities, has transferred 87,760,994 SHIB to unspendable blockchain wallets.

These burns have propelled the overall SHIB burn rate to a smashing 48,554.74% increase. There have been only two burn transactions so far, and both are impressive as they carried 61,908,927 SHIB and then 25,852,066 SHIB meme coins to dead-end addresses. Both transfers took place 17 and 18 hours ago.

Image via Shibburn

Earlier this week, the SHIB community also succeeded in raising the burn rate to a significant high. On April 9, the burn rate soared by 1,344%. Back then, however, a lot more meme coins were permanently erased from the circulating supply – 135,451,536 SHIB.

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Shytoshi Kusama "working like a dog"

The pseudonymous lead developer of Shiba Inu known as Shytoshi Kusama has taken to the X social media network to address the SHIB community after a long silence.

Kusama mentioned that he has been “pretty quietly working like a dog” and has almost forgotten to send season’s greetings to the vast SHIB community scattered around the globe. He wished everyone a Happy Easter in its multiple variations depending on the religion of those celebrating it – Passover, Eid, Gudi Padwa/Ugadi. 

Woof! Come say hi in Dubai. While I'm at it, since I've been pretty quiet working like a dog, HAPPY HOLIDAYS (EASTER, PASSOVER, EID, & GUDI PADWA/UGADI)! https://t.co/IkngRphWxW

— Shytoshi Kusama™ (@ShytoshiKusama) April 10, 2024

Besides, Kusama has invited SHIB users and builders on Shibarium to go to Dubai to attend the Blockchain Life Forum on April 16 and say "hi" to the SHIB reps there.

Shiba Inu price action

This week, the second largest meme cryptocurrency, SHIB, has been striving to break above the $0.00002950 level but only managed to touch it twice without closing at it. Between Tuesday and Wednesday, the asset plunged by a massive 10.5%.

However, over the past 24 hours, SHIB has managed to recover half of that loss, rising by 5.85% and trading at $0.00002801 at the time of this writing.

SEC Schedules New Closed Door Meeting As $XRP Holders Anticipate Ripple Lawsuit Settlement. Guys it's getting closer & closer... I know you all are fed up with the XRP status, as most of us invested in this so called "Stable Coin", but this is about to change. A You Turn in a matter of days??? Let's Dive In🥂
The XRP community is closely monitoring a closed-door meeting held by the Securities & Exchange Commission (SEC) today, April 11, 2024. While the official agenda remains undisclosed, speculation is rife that the ongoing lawsuit against Ripple Labs could be a topic of discussion.

Four points could be deducted till now from those closed door meetings as follows:
💥Potential for Settlement💥
This speculation stems from a recent court order mandating settlement discussions between the SEC and Ripple before an upcoming pre-trial conference [3]. However, it is crucial to note the absence of any official confirmation regarding a potential settlement within the SEC's announcement for this meeting.
✨Limited Transparency✨
As with all SEC closed-door meetings, access is restricted to top SEC officials, commissioners, and key staff members, who can attend virtually or in person at the commission's headquarters. The public cannot attend these meetings.
⏳Previous Developments⏳
A similar closed-door meeting held by the SEC in November 2023 did not yield a settlement in the Ripple case. Additionally, a mandatory pre-hearing settlement conference took place on March 29, 2024, with no official update on its outcome.
🌿Differing Approaches🌿
While Ripple has expressed openness to a conditional settlement, the SEC seems focused on a court-determined resolution. The agency has faced setbacks, with the court ruling that Ripple's XRP sales did not constitute investment contracts as alleged by the SEC.
💡Current Legal Status & Conclusion💡
Despite the SEC's claims regarding XRP sales to institutional clients, the court did not rule in the agency's favor. Currently, the case is in the remedies phase, with both parties arguing the appropriate penalty for the violation the court found. The SEC filed a remedies brief last month, seeking a $2 billion penalty from Ripple. Ripple has until April 22nd to respond, followed by the SEC's reply by May 6th. The court will then issue a final judgment.
With all this being said, and as we get closer to the $BTC halving, we could expect XRP to finally start moving, being pushed by the market hype, with those positive news about the settlement finally getting close and in addition the previous news I covered for you as Ripple CEO Brad Garlinghouse gave us the shocker that Ripple is about to launch it's own Stable Coin.

🟢 So guys what do you think? Would XRP stay our hated Stable Coin or would it jump to $1 or $20 a $100 or even crazy numbers that would not make sense???🟢
⬇️ Let me know your opinion in the Comments Below ⬇️
🖋️ By @CryptoVenom
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#TrendingTopic #XRP #Ripple #BTC