Celestia is a new blockchain project that caters to the major issues other blockchains face. Unlike traditional blockchains, which handle consensus and data storage together, Celestia separates these tasks. This separation creates a more flexible and scalable blockchain system.
Celestia focuses on providing a decentralized data storage layer. This means that data for transactions and smart contracts is always available and easy to check. Developers can build their specialized blockchains, called rollups, on top of Celestia. These rollups use Celestia for data storage but handle their consensus and processing. This setup helps improve performance and cut costs.
A major benefit of Celestia is its ability to scale. Traditional blockchains often slow down when they try to handle too many transactions at a time. Celestia supports many rollups, each with unique features, without compromising security or decentralization. This makes it possible to handle more transactions and offers greater flexibility for blockchain apps.
Celestia also helps solve the problem of blockchain bloat. By keeping the base layer simple and focusing only on data storage, it prevents the network from getting overloaded. Rollups can then take care of more complex tasks without slowing down the main network.
With Celestia (TIA) being so accurate and up-to-date, a key question arises: what is its current market value, and would investing in it be beneficial? In this article, we will closely examine Celestia price prediction for the coming years to determine if the coin is worth considering.
Current Market Analysis Of Celestia
At the time of writing, Celestia (TIA) was trading for $5.73 showing an increase of 3.6% and a market cap of $1,146,549,816.
Key Points –
- Trading Volume: $121,521,040 over the last 24 hours, reflecting a decrease of 2.50% from the previous day, which suggests a recent dip in market activity.
- All-Time High: The highest recorded price for Celestia (TIA) is $20.85, achieved on February 10, 2024. Currently, the price is 72.56% below this record high.
- All-Time Low: The lowest recorded price for Celestia (TIA) is $2.08, observed on October 31, 2023. The current price is 174.65% higher than this all-time low.
- Market Cap: $1,146,549,816, representing the total value of all circulating Celestia tokens.
- Fully Diluted Valuation: $5,985,819,946, which is the total market value if all tokens were issued.
- 24-Hour Trading Volume: $121,521,040, indicating the total value of TIA traded in the last 24 hours.
- Circulating Supply: 203,509,281 TIA, which is the number of tokens currently available in the market.
- Total Supply: 1,062,465,753 TIA, representing the total number of tokens that exist, including those not yet in circulation.
- Max Supply: Unlimited, meaning there is no cap on the total number of tokens that can be issued.
Celestia Price Prediction
Coming on to the main focus of the article, below is the Celestia price prediction for the coming years, that is, 2025 and 2030.
- Keeping in mind the current market price of the coin, the Celestia price prediction 2025 stands somewhere at 17.19 US$. However, if any key events alter the shape of the market, the prices are susceptible to change.
- Further, the Celestia coin price prediction for 2030 is 34.38 US$. Investors must note that these predictions are based on algorithms and are susceptible to change. Hence, doing proper research before investing in any coin is crucial.
Also Read: Is It Profitable To Invest In Hydra Chain?
Summary
Celestia (TIA) offers a scalable blockchain solution by separating consensus and data storage. Currently priced at $5.73 with a market cap of $1.15 billion, it has seen a recent dip in trading volume. Price predictions suggest it could reach $17.19 by 2025 and $34.38 by 2030.
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Disclaimer: This post is intended solely for informational purposes and should not be taken as legal, tax, investment, financial, or any other form of advice. Although all the information provided is true to the best of our knowledge, it is advisable to research well before making any kind of investments or decisions in general. The team of ReadingCrypto bears no responsibility in the event of any adverse outcomes.
