Celestia Launched on October 30, 2023, it introduces an innovative approach to blockchain organization. This solves the problem of existing blockchains’ sluggishness in managing high transaction volumes. As a result, TIA Coin soared more than 200% in just one month after launch. now how far Tia Price rise after halving? Let's take a look.
How has TIA price moved recently?
The current Celestia price is $10.36, 24-hour trading volume of $881.33 million, market capitalization of $1.84 billion, and market dominance of 0.08%. In the last 24 hours, TIA price is up 2.25%.
The highest price point achieved by Celestia was on February 10, 2024, when it reached an all-time high of $20.85. Conversely, Celestia's lowest recorded price occurred on October 31, 2023, when it fell to an all-time low of $2.12. After reaching the all-time high, Celestia's lowest price since the cycle was $7.61 (cycle low), and its post-cycle highest price reached $11.69 (cycle high).
Currently, the sentiment surrounding Celestia's price prediction is bullish, with the Fear and Greed Index reflecting a value of 65, indicating the state of greed among investors.
Why are TIA prices rising?
The concept of modular blockchains received a lot of attention following Celestia's ambitious announcement last year. Since then, this modular approach has gained momentum, resulting in numerous data availability layers being released, supported by a thriving Layer 2 (L2) ecosystem.
Simply put, modular blockchains are designed to specialize in one or two basic features of a blockchain, leaving the remaining features for developers to extend and build upon. For example, modular blockchains like Celestia prioritize data availability, while other features are left to be developed independently on top of them.
Modular blockchains like Celestia focus on special features such as data availability while allowing developers to customize and build additional features. This approach fosters innovation and scalability within the blockchain ecosystem, potentially attracting investor attention and contributing to TIA price growth.
How high will TIA prices rise?
Based on TIA's recent performance indicators, including trading above its 200-day simple moving average (SMA) and experiencing 15 green trading days out of the last 30 (about 50%), TIA's price outlook appears optimistic. Sustained trading above the 200-day SMA suggests a positive long-term trend, which indicates that TIA's price has been consistently above its average price over the past 200 days.
This is often interpreted as a bullish signal, indicating the potential for further price increases in the near term. Additionally, a significant number of green trading days in recent months highlight the strong buying interest and positive market sentiment surrounding TIA, further supporting the price upside potential.
Additionally, TIA's high liquidity, as evidenced by its market capitalization, contributes to its price stability and investor attractiveness. A solid market capitalization implies significant market presence and sufficient trading volume, which can help support price movements and reduce volatility.
Trading above key moving averages, combined with positive technical indicators such as strong buying activity, TIA's price is likely to continue its upward trajectory. However, it is important to consider that cryptocurrency markets are inherently volatile and unexpected developments or market changes may affect price movements. Therefore, investors should exercise caution and conduct thorough analysis before making investment decisions based on these trends.
Therefore, forecasts for Celestia indicate a trading range between $10.30 and $48. If Celestia reaches its upper price target of $48, this is expected to increase TIA's potential price by more than 365%, reaching a price of $48.