Why Celestia (TIA) May Hit a New High After Recent Developments
- The Celestia native token surpassed its previous ATH after it reclaimed $7.
- The blockchain has new integrations with Arbitrum and Optimism.
- TIA may retrace, but if the buying momentum retraces, the token may hit $8.
The price of Celestia (TIA) briefly hit $7.48 on December 2, after the value jumped 4.16% in the last 24 hours. This value means the cryptocurrency reached a new All-Time High (ATH) after it had done so on numerous occasions since its launch.
However, press time data from CoinMarketCap showed that TIA’s price had slightly decreased to $7.34. The retracement could either be a sign of decreasing buying pressure, profit-taking, or both.
New Integration Helps TIA
Furthermore, there seemed to be other reasons that triggered a higher demand for TIA. One of which is the project’s recent integration with some Ethereum (ETH) L2s. On December 1, Celestia announced that it had integrated an Ethereum fallback.
According to the modular blockchain project, L2s including Optimism’s OP Stack and Arbitrum Nitro were involved in the development…
The post Why Celestia (TIA) May Hit a New High After Recent Developments appeared first on Coin Edition.
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Why Celestia (TIA) May Hit a New High After Recent Developments
- The Celestia native token surpassed its previous ATH after it reclaimed $7.
- The blockchain has new integrations with Arbitrum and Optimism.
- TIA may retrace, but if the buying momentum retraces, the token may hit $8.
The price of Celestia (TIA) briefly hit $7.48 on December 2, after the value jumped 4.16% in the last 24 hours. This value means the cryptocurrency reached a new All-Time High (ATH) after it had done so on numerous occasions since its launch.
However, press time data from CoinMarketCap showed that TIA’s price had slightly decreased to $7.34. The retracement could either be a sign of decreasing buying pressure, profit-taking, or both.
New Integration Helps TIA
Furthermore, there seemed to be other reasons that triggered a higher demand for TIA. One of which is the project’s recent integration with some Ethereum (ETH) L2s. On December 1, Celestia announced that it had integrated an Ethereum fallback.
According to the modular blockchain project, L2s including Optimism’s OP Stack and Arbitrum Nitro were involved in the development…
The post Why Celestia (TIA) May Hit a New High After Recent Developments appeared first on Coin Edition.
Read More