The price of the new cryptocurrency on the block, Celestia (TIA), is turning heads after Celestia, the world’s first data availability blockchain network, launched its mainnet just a few days ago on October 31, 2023. Over $300 million worth of TIA tokens were released during the project’s launch.
TIA / Tether US 4h (Source: TradingView)
Data from CoinMarketCap indicated that the price of TIA surged by more than 24% in just the past 24 hours. This meant that the token was trading at $2.73 at press time after it was able to set a high price of $2.84.
TIA’s 24-hour trading volume also managed to climb by over 7% since yesterday. As a result, the token’s volume was able to rise to $382,575,667. Meanwhile, the rise in the altcoin’s market cap ranked TIA as one of the top 100 cryptocurrencies as well.
Its market cap rose to $385,149,541 throughout the past day, which ranked it as the 94th largest token. This positioned it right behind WOO Network (WOO) in the 93rd spot. TIA’s success in the past few days also pushed its performance on its weekly time frame up even further to +29.69%.
The support that TIA has received from traders is very likely due to the recent announcement that Coinbase, the largest cryptocurrency exchange in the U.S., will list the TIA token. The exchange also stated that trading will begin as soon as liquidity conditions are met.
Day 1 custody, staking, and trading for @CelestiaOrg TIA is now available on Coinbase Prime! Asset availability is based on custodian entity and customer jurisdiction.
Learn more 👇https://t.co/Rja28gdTBS
— Coinbase Institutional 🛡️📞 (@CoinbaseInsto) November 1, 2023
Additionally, Binance Futures has also announced that it now offers support for the TIA token, allowing traders to leverage their positions with up to 50x leverage. The token is also listed on almost all of the major centralized exchanges.
Celestia is a flexible blockchain network designed to offer developers the necessary framework to create and manage blockchains. In particular, Celestia serves as a foundation that enables other blockchain projects to utilize it for data availability and consensus purposes.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Read the full article here