Celestia (TIA) Token Sees Huge Price Increase as Modular Blockchains Gain Acceptance
- WBOYOriginal
- 2024-07-17 14:54:08267browse
In recent days, the native token of Celestia, TIA, has seen a huge increase in price, attracting traders and investors attention.
Modular blockchains have recently gained increased attention and adoption within the cryptocurrency community. These blockchains are designed to allow users to focus on specific functionalities, enabling greater efficiency and modularity. Among the modular blockchain projects that have seen notable growth in interest is Celestia (CELT).
The native token of Celestia, TIA, has also seen a significant rise in price recently, attracting the attention of traders and investors. According to CoinMarketCap, the TIA price is currently around $6.06, up 16.47% over the last 24 hours.
Recent data from social intelligence company LunarCrush indicates that TIA has increased its social dominance, accounting for about 1.45% of all cryptocurrency-related social media posts in the last few hours.
Furthermore, Trestle Protocol has highlighted the significance of Celestia, stating that "real builders" are always constructing with a long-term vision for the project.
Additionally, new records are being set for Celestia Data, with the total number of TIA delegators approaching 500,000 unique users, showcasing the project's potential and the community's confidence in it.
As of June 29, 2024, the total number of staked TIA tokens was 727.37 million, according to the latest data available. It was previously reported that staking TIA has an attractive annual return potential of 15% to 17% after commissions. This yield is significantly higher than the 10-year US Treasury bonds, which pay about 4%.
To further drive growth, Celestia's innovative blockchain solutions and strategic partnerships also play a crucial role. The project's modular architecture enables it to overcome scaling issues while maintaining decentralization and security. This approach facilitates efficient and fast data verification, differentiating it from other blockchain projects.
As noted in our earlier report, Celestia had previously forged a strategic alliance with Starknet. This partnership aims to enhance data availability for Layer 3 chains within the Starknet ecosystem. This strategic move is likely to strengthen Celestia's market position and attract more developers and users to its platform.
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