Interestingly, although some altcoin projects have just entered the market, they are quickly making room for themselves. One of these was undoubtedly Celestia (TIA). In a recent development, Coinbase also joined the bandwagon and announced that it would add it to its list. After this, the TIA price started to rise.
Coinbase adds TIA to its list, its price jumps!
cryptokoin.comAs you follow from, the cryptocurrency market is making moves to relieve the fatigue. Although he has not yet gathered the strength for a continuous run, he shows himself with intermediate attacks. These are mostly valid for cryptocurrencies that are in the upper ranks of the crypto league. However, some projects are accepted in the market in a short time. Celestia (TIA) was one of them and managed to enter the lists in a short time. In a recent development, Coinbase also announced that it will add the token to its list. In this context, the leading cryptocurrency exchange made the following statement:
Coinbase will add support for Celestia (TIA) on the Celestia network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on Coinbase and CoinbaseExch in regions where trading is supported.
The exchange also stated that trading will not start when liquidity conditions are met. He also noted that once sufficient supply of the asset is ensured, trading in the TIA-USD trading pair will begin gradually. Coinbase listing news created a doping effect for the altcoin. TIA, which dropped to $2.16 during the day, started to rise after the news. The token price was up over 13% on a daily basis to $2.47 at press time.
Celestia main-net is live, token tops social trend charts
TIA token, the native asset of the modular Blockahin network Celestia, has become the most trending token on various social media and crypto platforms. Its latest surge in popularity coincides with Celestia launching its main-net beta on October 31st. It also heralds the beginning of the modular Blockahin era. According to CoinMarketCap data, the token began trading on the same day. Recent developments have led to increased social discussions on CoinMarketCap, Twitter, Telegram and Santiment.
Moreover, TIA, which will be listed on Coinbase, is currently the most popular asset on CoinMarketCap. According to Santiment data, discussions about the token have seen a significant increase in X over the last 24 hours. It is also among the top trends right now, alongside terms like “Celestia airdrop.” There was also a significant increase in the number of people mentioning TIA on Telegram and 4Chan.
Importance of TIA in the Celestia ecosystem
TIA, which will be listed on Coinbase, plays a crucial role in Celestia’s development ecosystem. Developers at Celestia use TIA to charge fees when sending Payment transactions for Blobs. Additionally, TIA is required for network security, participation in governance, and access to various services on the Celestia platform. Celestia is a new Blockahin network designed to deliver a scalable data availability solution for next-generation Blockahin architectures, especially modular networks.
Celestia distributed the TIA token to a significant user base of 580,000 people through an airdrop initiative. This rewarded the early enthusiasts of modular Blockahin technology. It also encouraged collaboration between different Blockahin networks. The airdrop included users from the top 10 Ethereum roll-ups, as well as stakers from Cosmos Hub and Osmosis, and GitHub contributors. The asset has a maximum supply of 1 billion tokens. Crypto exchanges Binance, OKX, KuCoin and Bitget have already listed the asset. Now it is also included in the Coinbase list.
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