November 2, 2023
Celestia is a modular blockchain network that allows developers to build and maintain blockchain infrastructure. With a market capitalization of $390,094,289, Celestia currently ranks 107 on Coingecko. Since its mainnet launch, Celestia has been making waves in the cryptocurrency world.
Celestia finds its origins in a 2019 research paper by Mustafa Al-Bassam. Its mainnet, which went live on Tuesday, brings significant changes to the industry. By separating data availability from the blockchain technology's functions, Celestia employs a new form of modular architecture, improving efficiency and scalability.
The discussions surrounding Celestia Coin stem from its impressive market cap of over $370 million following its launch. Additionally, the token had a 60 million token airdrop worth $6 billion, creating a significant buzz in the crypto world. This airdrop also skyrocketed the demand for the token, making it the most searched crypto asset on coinmarketcap.
According to Celestia's representative, the mainnet launch signifies the start of a new era. Celestia aims to enable verifiability, collaboration, and abundant blockspace. The organization plans to increase its block support, aiming to achieve a 1 GB block in the future. It also aims to implement light node network monitoring, light nodes on smartphones, and deployment of Celestia to Ethereum Mainnet.
Considering current market trends, technological developments, adoption, and partnerships, Celestia has a promising future. In an optimistic scenario, TIA can potentially grow around 100-150 percent. However, in a pessimistic scenario, the coin is expected to stabilize around $2-2.5. It is important to monitor the market's volatility and stay updated on any changes.
In conclusion, Celestia is an innovative blockchain network with the potential to revolutionize the industry. Its modular architecture, impressive market cap, and future plans make it an exciting project to watch. Whether you are a developer looking to build on the network or an investor considering trading TIA, Celestia offers opportunities worth exploring.