Is It Too Late to Buy Celestia? TIA Price Pumps 14% While a New Solana Project Raises Over $3 Million
Celestia’s $TIA token has fallen is up 14% in the last 24 hours to trade at $11.63 as of this writing.
Today’s price also represents a 17% advance from this time last week.
By contrast, the two market leaders, Bitcoin ($BTC) and Ethereum ($ETH) actually posted slight intraday losses of 1% and 2.1% respectively.
Celestia’s standalone pump today appears to be driven largely by influencers on X, who yesterday highlighted the token’s underlying protocol as a major innovation due for some bullish price action.
I’m expecting a big wave of $TIA shillers on TL. Stars are aligned:
– Vitalik going to speak at Modular Summit in July
– Parallel / Modular will revive again
– Celestia is one of the most bought asset OTC alongside Monad / Hyperliquid / Solana
– Chart: a lot of similarities… pic.twitter.com/3XwUEgxxOT
— Zoomer Oracle (@ZoomerOracle) May 28, 2024
Starting to believe the modular thesis is primed for a massive comeback.
Despite sentiment being at all-time lows, the Celestia ecosystem is finally hitting its stride, with activity already accelerating ahead of:
1) it’s first wave of high profile project launches in the… pic.twitter.com/Un5OVTR4fE
— Ryan Watkins (@RyanWatkins_) May 28, 2024
Over on Celestia’s price chart we can see the token is approaching a key resistance level at $12.50 with some potential for further breakout. This is indicated by a falling relative strength index, which is within the healthy 30-to-70 range, although further buying activity could artificially inflate the price, potentially prompting an overnight dip.
Source: TradingView
Should the price decline, however, $TIA has strong support at $10 and a recent bedrock of around $8, making a significant crash unlikely.
What is Celestia’s $TIA?
TIA is the native token powering Celestia’s modular data availability blockchain, a new solution to the problem of scalability.
The protocol stems from British cybersecurity expert Mustafa Al-Bassam’s 2019 whitepaper, LazyLedger.
His proposal was to create a blockchain ledger that doesn’t perform any computation or execution, it just focuses on consensus and making transaction data on the ledger available for anyone to access and verify.
By outsourcing execution tasks to rollups and Layer 2s, Celestia has found a potential solution to blockchain’s classic trilemma.
That’s the idea that improvements in a blockchain’s decentralization, security or scaleability necessarily result in compromises in the other categories.
Diversify Celestia Holdings with Viral Meme Coin Sealana
Celestia’s native $TIA token is having a good day, and if influencers are to be believed, it’s likely to have a good year too. However, the modular blockchain token is unlikely to experience the tinderbox upside potential of other emerging sectors within crypto.
One such sector has been particularly profitable recently: Solana meme coins.
Names like DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME) and Popcat ($POPCAT) all rose to become top ten meme coins within a year of launch.
Another new Solana meme coin pitched at stoners—Slothana ($SLOTH)—raised an eye-watering $15 million in a recent one-month crypto presale.
Solana’s Sealana ($SEAL) is a spin on South Park’s viral Gamer Guy, aka Fat Computer Nerd. The all-American hillbilly seal has already raised over $3 million this last month in a hilarious new presale.
Gamer Guy first appeared in South Park’s World of Warcraft episode and, thanks to his milk-bottle glasses, screen-locked stare, messy room and gravity-defying girth, he has since become a symbol of excessive screen use, from keyboard warriors to couch (or desk) potatoes.
#Sealana ain’t slowing down anytime soon! With his companions he’s out here finishing what @realDonaldTrump started!
Send $SOL to clean out the swamp and make #Memecoins great again.
Once the swamp’s clear, it’s Lambos , Massive Gains and Freedom all the way!!!… pic.twitter.com/vFMEaRZWKW
— Sealana (@Sealana_Token) May 27, 2024
Sealana is Solana’s number one degen, beached at his desk and ballooning by the day as his roving flippers reach for the sustenance of chips and tinned tuna between filthy trades.
The US SEC’s approval of Ethereum ETFs last week could also catalyse heightened Solana meme coin demand.
Builders on Solana often boast their network is the number one “Ethereum-killer” and now it’s all but certain that a spot Solana ETF can pass US approval.
If a Solana meme coin gold rush begin, Sealana could finally be leaving mom’s basement like a true patriot gone lookin’ for the ‘Merican dream.
Follow the latest developments on Sealana’s X account.
Buy Sealana at the official website here.
The post Is It Too Late to Buy Celestia? TIA Price Pumps 14% While a New Solana Project Raises Over $3 Million appeared first on Cryptonews.