CandleFocus Celestia Mainnet Goes Live, TIA Token Price Jumps Over 21%
2024-09-20
Author: Content Editor
The recent launch of Celestia's Mainnet, combined with its Lemongrass upgrade, has caused a 20% increase in the price of its native token TIA. The upgrade brings new features such as 1-click interactions over IBC and interchain accounts, improving network performance and compatibility with the Cosmos ecosystem. This has led to a recovery in the altcoin market and increased investors' confidence in the Celestia network. TIA has been trading above crucial support levels and has seen a significant increase in trading volume and market cap. However, cryptocurrency analyst Altcoin Sherpan has raised concerns about TIA's long-term price outlook, predicting a potential drop below $1. Additionally, Celestia plans to unlock a large number of TIA coins on October 31, which could exert downward pressure on the token's price. Investors are advised to proceed cautiously and closely monitor market trends and predictions.
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