The recent upgrade of Celestia, known as ‘Ginger,’ has increased the network’s capacity by five times and doubled data availability. This enhancement allowed Celestia to set a new record by processing 11.85 gigabytes of data, mainly from EclipseFND, with a 99.6% reduction in data transfer costs. Celestia’s Data Availability (DA) provides a scalable method for storing and verifying layer two transaction data, making it the most cost-effective DA provider for Ethereum layer two transactions. Despite these positive changes, the native token of this network, TIA, has shown weak performance in the market. Its metrics and price charts have sent bearish signals, indicating a decrease in user interest. Currently, TIA’s social traction and sentiment indicators have declined to levels last seen before the major surge in November. In the price chart, TIA has dropped nearly 50% from its recent peak, falling from $9.2 to $4.9. The token has returned to its previous bearish channel, with its technical indicators also pointing downwards. The downward movement of the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) indicators suggests a decrease in demand and an increase in capital outflow. If these indicators do not improve, there is a possibility of the price falling to the channel’s bottom. Conversely, a bullish breakout could push TIA’s price to $7.3 and enable a 60% profit. Visit the real-time digital currency price page to monitor the prices of all tokens and cryptocurrencies instantly.
