Celestia ($TIA)
Celestia is arguably the first modular blockchain network. I am going to use some heavy words in the beginning so I sound smart, but later I will explain everything like we explain to a 5-year-old.
Celestia makes it easy for projects to deploy their blockchain with minimal overhead.
First, let me tell you an interesting fact about the CEO of Celestia, Mustafa Al-Bassam. He is also the cofounder of ChainSpace, which was later acquired by Facebook. The intersecting fact is that Mustafa is a professional hacker. Ooo...now we are talking about some dope stuff. When he was 16 years old, he cofounded a hacker group called LulzSec, and the manifesto of this group was "We screw each other over for a jolt of satisfaction.", very cold huh. This group executed numerous high-profile breaches, including those of Sony, Fox.com, the FBI, and even the CIA website.
Now, let's learn what a modular blockchain is. Basically, there are two types of blockchains:
Monolithic and Modular. Bitcoin, Ethereum, and Solana are monolithic blockchains. Blockchain has mainly four components:
Execution - Executing transactions.
2. Settlement - Deals with dispute resolution, validity of blocks, and acts as a bridging layer.
Consensus - Puts transactions in order.
Data Availability - Publishes the data on the blockchain.
The difference between monolithic and modular blockchains is that a monolithic blockchain handles all these four components by itself, which reduces efficiency, while a modular blockchain can choose to specialize and optimize on a few components, making it more efficient. For example, Ethereum Rollups are modular blockchains that focus only on execution while offloading the other three components to the Ethereum mainnet. In the case of Celestia, it focuses on consensus and data availability, making it more efficient than traditional blockchains.
This allows the network to manage larger amounts of data without increasing the cost to secure the network.
Key details:
Token symbol: $TIA
Contract: secret1s9h6mrp4k9g||4zfv5h78||68hdq8ml7jrnn20
Market cap: 1.27 billion dollars
24-hour trading volume: 157 million dollars
CoinMarketCap: https://coinmarketcap.com/currencies/celestia/.
Technical Analysis (TA)
TIA/USDT
The price is now approaching the support of the lower time frame. I expect a possible bearish movement towards the support level of $5.9. However, the price bounced quickly from the liquidity area of $4-$5. If we get another chance, this could be a good area to enter a position.

The digital asset market is a constantly evolving landscape, with various cryptocurrencies vying for investor attention. Among these, $TIA has recently garnered interest due to a social media analysis predicting a bullish trend toward $10.00, from its current position around $9.00⁶⁷. This prediction is based on the asset finding strong support in the weekly and daily charts, suggesting a highly oversold zone on the H4 timeframe.
However, a closer look at the market reveals a slightly different picture. As of June 7, 2024, TIA's price has seen a decrease of 6.19% to $9.70, with a 7-day change showing an 8.3750% decline⁶. This contrasts with the optimistic social media forecast, indicating that the market sentiment may not be as bullish as suggested.
Despite this, there are reasons for traders to remain hopeful. The cryptocurrency has been trading on 191 active markets, with a significant trading volume over the last 24 hours⁶. Moreover, recent headlines have highlighted a potential 40% rally for TIA, shedding light on key factors that could influence a positive market sentiment.
In the broader context, the digital asset market is influenced by global events and technological advancements. For instance, the integration of TIA by a new Layer 2 solution and the performance of similar cryptocurrencies in the Delphi Digital Portfolio could play a role in its price movement[. Additionally, the overall market trend, which has seen a 4.10% increase, might also impact TIA's trajectory.
For traders looking to make informed decisions, it is crucial to consider both the technical analysis and the market sentiment. While the social media analysis provides an optimistic outlook, the current market data suggests a more cautious approach. Traders should keep an eye on the key support levels and look for signs of a bullish reversal before taking a confident position in TIA.
In conclusion, while the market presents mixed signals, the potential for TIA's growth remains. Traders are advised to stay updated with the latest market developments, analyze the trends, and make decisions based on a comprehensive understanding of the market dynamics.
I hope this article provides a balanced view of the current market situation for TIA and helps traders approach their investment decisions with greater confidence. Remember, always do your own research and consider multiple sources of information before trading.
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