BTCC / BTCC Square / 528BTC /
Celestia’s Ginger upgrade drives 5X throughput – Impact on TIA price? 

Celestia’s Ginger upgrade drives 5X throughput – Impact on TIA price? 

Author:
528BTC
Published:
2024-12-30 11:21:00
0
0
  • The recent Ginger upgrade increased Celestia’s throughput by 5X. 
  • Despite the update, TIA’s price remained muted — what’s next? 

Celestia's [TIA] recent Ginger upgrade, which doubled the data availability to ensure efficient handling of Ethereum [ETH] L2 transactions, is proving efficient.

Blockworks research analyst Dan Smith stated that Celestia saw a 5x throughput increase after the upgrade. He said, 

「Celestia hit a new all time high yesterday – 11.85 gb of data posted, almost entirely from EclipseFND. Celestia handled 5x the data posted to Ethereum blobs at a 99.6% lower perperpper punooo. MBperp lowerp.

Impact on TIA price

For the unfamiliar, Celestia's data availability (DA) helps provide L2 transactions with a scalable way of storing and verifying transaction data off-chain.

Besides, Celestia is currently the cheapest DA provider for eth L2 transactions. 

Smith believes the low cost and high throughput could make Celestia the go-to DA platform for other L2 transactions.  

Despite the positive update, TIA, its native token, flashed bearish signals on-chain and price charts.

TIA's social traction and Weighted Sentiment dropped to levels last seen before the November major rally. It underscored low market interest and bearish s. It underscored low market interest and bearish s. a strong rebound in the short term. 

But is the weak sentiment a great risk-reward buying opportunity? 

On the price charts, TIA was down nearly 50% from its recent peak, reversing all November gains. It had plunged from $9.2 to a low of $4.3, briefly stabilized above the previous channel range. 

However, the bearish readings of the daily RSI chart, and the south-bound movement of the CMF (Chaikin Money Flow), suggested that demand wasn't there and capital outflows intensified in the past few days. 

Read Celestia [TIA] Price Prediction 2025-2026

Unless the technical chart indicators reversed, TIA could crack the mid-range and drop further to the channel’s lows. 

On the FLIP side, another bullish breakout from the range could make a $7.3 target within reach, triggering a potential 60% gain. 

|Square

下載BTCC APP,您的加密之旅從這啟程

立即行動 掃描 加入我們的 100M+ 用戶行列

本站轉載文章均源自公開網絡平台,僅為傳遞行業信息之目的,不代表BTCC任何官方立場。原創權益均歸屬原作者所有。如發現內容存在版權爭議或侵權嫌疑,請透過[email protected]與我們聯絡,我們將依法及時處理。BTCC不對轉載信息的準確性、時效性或完整性提供任何明示或暗示的保證,亦不承擔因依賴這些信息所產生的任何直接或間接責任。所有內容僅供行業研究參考,不構成任何投資、法律或商業決策建議,BTCC不對任何基於本文內容採取的行為承擔法律責任。