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.



Other News from Today