Celestia (TIA), a modular blockchain network, has seen its token price surge over 140% in the past week amid growing attention after crossing the key $3 price level.
TIA was trading around $2.50 last week when crypto analyst VIKTOR highlighted its potential in a tweet, noting the coin’s modest $2.5 billion fully diluted valuation compared to other layer 1 networks. However, TIA went largely unnoticed by the broader crypto community at that price point.
That all changed once TIA decisively broke through the $3 mark. As VIKTOR observed, this psychological trigger catalyzed a spike in interest and tweets about Celestia. The coin’s breakout price discovery as a mid-to-large cap asset focused the market’s attention.
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This phenomenon of prices driving narratives is common in crypto – once an asset’s price starts moving, it grabs speculators’ interest. As momentum builds, FOMO kicks in and can lead to parabolic price rises.
Celestia seems to be benefiting from this dynamic. After drifting between $2-$3 for months, its surge past $3 made traders take notice. Volume picked up and buy orders flooded in, sending TIA as high as $5.50 – a 140% weekly gain.
But what exactly is behind this newly popular blockchain? Celestia bills itself as the first modular blockchain network, designed to make it easy for anyone to deploy their own customizable blockchain. It uses a novel approach called data availability sampling to achieve scalability, rather than imposing execution/settlement constraints.
This modular open architecture gives developers extensive flexibility. They can define their own execution and settlement logic while still leveraging Celestia’s robust underlying consensus and security.
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