{"id":637007,"date":"2024-08-22T02:00:35","date_gmt":"2024-08-22T02:00:35","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=637007"},"modified":"2024-08-22T01:15:25","modified_gmt":"2024-08-22T01:15:25","slug":"celestia-market-dip-leaves-tia-investors-16-in-the-red","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/news\/celestia-market-dip-leaves-tia-investors-16-in-the-red\/","title":{"rendered":"Celestia: Market Dip Leaves TIA Investors 16% In The Red"},"content":{"rendered":"<p><span style=\"font-weight: 400\">With the broader crypto market <\/span><a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">down<\/span><\/a><span style=\"font-weight: 400\"> by 3% in the past 24 hours, Celestia has been washed away by the bearish tide. According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/celestia\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, TIA, Celestia\u2019s native toke, is down over 18% since last week, putting more pressure on the exhausted bulls as the bears eye more downward breakthroughs.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/news\/cardano-ada-nears-key-level-as-analyst-eyes-over-100-upside-details\/\" target=\"_blank\" rel=\"noopener \">Cardano (ADA) Nears Key Level As Analyst Eyes Over 100% Upside \u2013 Details<\/a><\/div>\n<p><span style=\"font-weight: 400\">Despite its native token\u2019s downward trajectory, Celestia continues to innovate, keeping the bullish narrative alive. The question is if it is enough for a recovery of TIA in the long term.\u00a0<\/span><\/p>\n<h2><strong>Zaar Announces Sudoswap Launch On The Platform<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Zaar, an NFT-focused organization, <\/span><a href=\"https:\/\/x.com\/zaar_gg\/status\/87708050\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">recently posted<\/span><\/a><span style=\"font-weight: 400\"> that SudoSwap, an automated market maker protocol specifically built for NFTs, will launch on its native blockchain as soon as it launches its mainnet. The Zaar blockchain is built on Initia using the toolkit of Celestia. Although the latter is in a background role for the project, it still shows that the broader crypto community still regards Celestia as reliable.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We&#8217;re excited to announce that <a href=\"https:\/\/twitter.com\/sudoswap?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@sudoswap<\/a> will be launching on Zaar Chain on Day 1 along with our mainnet.<\/p>\n<p>We&#8217;re excited to be powering the first NFT marketplace on <a href=\"https:\/\/twitter.com\/initiaFDN?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@initiaFDN<\/a> with <a href=\"https:\/\/twitter.com\/CelestiaOrg?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@CelestiaOrg<\/a> underneath.<\/p>\n<p>Study The Fun Network.<\/p>\n<p>\ud83d\udc8a\ud83e\uddb4\u2728\ud83d\udd01 <a href=\"https:\/\/t.co\/GdcaNo8c24\" rel=\"nofollow\">pic.twitter.com\/GdcaNo8c24<\/a><\/p>\n<p>\u2014 Zaar \ud83d\udc8a (@zaar_gg) <a href=\"https:\/\/twitter.com\/zaar_gg\/status\/87708050?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 20, 2024<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Keeping this in mind, Celestia\u2019s involvement with an NFT project might just be great timing.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Although market interest in NFTs has faded ever since, some movement within the market. Just recently, the CryptoPunks collection <\/span><a href=\"https:\/\/finance.yahoo.com\/news\/cryptopunks-leads-nft-surge-us-183405880.html\" rel=\"nofollow\"><span style=\"font-weight: 400\">led<\/span><\/a><span style=\"font-weight: 400\"> the NFT surge with over $825,000 in sales along with the <\/span><a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/cryptopunks-nft-previously-bought-for-a-record-24-million-sells-for-an-undisclosed-amount\/ar-AA1p9yyH?ocid=BingNewsVerp\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">offloading<\/span><\/a><span style=\"font-weight: 400\"> of CryptoPunks #5822 for an undisclosed amount.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">These small but big movements might spark interest in NFTs once again, pushing them from niche to mainstream. But before that can happen, development in the NFT space should continue as it recovers from lost retail interest.\u00a0<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/CDLasGj5\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">TIA is currently trading at $5.002. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h2><strong>TIA Trading On Sustainable Price Range<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">As of writing, the token is trading right between $4.8 and $5.9, keeping the bears from any possible breakthrough in the short to medium term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This trading range gives the bulls a strong and reliable jumping-off point in the coming days. At its current price point, accumulation should be the focus of the bulls in the next few weeks. However, TIA\u2019s momentum is highly correlated with the swings of the broader market, making it susceptible to any change in the market\u2019s sentiment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As of press time, TIA investors and traders <\/span><a href=\"https:\/\/www.coinglass.com\/LongShortRatio\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">are still bullish<\/span><\/a><span style=\"font-weight: 400\"> on the token\u2019s future performance despite the extreme slip that occurred in its market. If this sentiment continues and investors rightly weigh in on the developments inside Celestia, we might see a reattempt to take lost ground above the $5.8 ceiling.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/news\/end-of-the-slump-floki-eyes-a-46-price-surge-analyst\/\" target=\"_blank\" rel=\"noopener \">End Of The Slump? Floki Eyes A 46% Price Surge \u2014 Analyst<\/a><\/div>\n<p><span style=\"font-weight: 400\">If the $5.8 ceiling is broken, TIA has the potential to regain $6.3 in the long term. Patience, then, is the greatest weapon investors and traders should have in this situation. With only a slight dip in the market and a bullish investor base, TIA will have enough momentum to make breakthroughs soon.\u00a0<\/span><\/p>\n<p><em>Featured image from 01node, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the broader crypto market down by 3% in the past 24 hours, Celestia has been washed away by the bearish tide. According to CoinGecko, TIA, Celestia\u2019s native toke, is down over 18% since last week, putting more pressure on the exhausted bulls as the bears eye more downward breakthroughs. Related Reading: Cardano (ADA) Nears Key Level As Analyst Eyes Over 100% Upside \u2013 Details Despite its native token\u2019s downward trajectory, Celestia continues to innovate, keeping the bullish narrative alive. The question is if it is enough for a recovery of TIA in the long term.\u00a0 Zaar Announces Sudoswap Launch On The Platform Zaar, an NFT-focused organization, recently posted that SudoSwap, an automated market maker protocol specifically built for NFTs, will launch on its native blockchain as soon as it launches its mainnet. The Zaar blockchain is built on Initia using the toolkit of Celestia. Although the latter is in a background role for the project, it still shows that the broader crypto community still regards Celestia as reliable.\u00a0 We&#8217;re excited to announce that @sudoswap will be launching on Zaar Chain on Day 1 along with our mainnet. We&#8217;re excited to be powering the first NFT marketplace on @initiaFDN with @CelestiaOrg underneath. Study The Fun Network. \ud83d\udc8a\ud83e\uddb4\u2728\ud83d\udd01 pic.twitter.com\/GdcaNo8c24 \u2014 Zaar \ud83d\udc8a (@zaar_gg) August 20, 2024 Keeping this in mind, Celestia\u2019s involvement with an NFT project might just be great timing.\u00a0 Although market interest in NFTs has faded ever since, some movement within the market. Just recently, the CryptoPunks collection led the NFT surge with over $825,000 in sales along with the offloading of CryptoPunks #5822 for an undisclosed amount.\u00a0 These small but big movements might spark interest in NFTs once again, pushing them from niche to mainstream. But before that can happen, development in the NFT space should continue as it recovers from lost retail interest.\u00a0 TIA Trading On Sustainable Price Range As of writing, the token is trading right between $4.8 and $5.9, keeping the bears from any possible breakthrough in the short to medium term.\u00a0 This trading range gives the bulls a strong and reliable jumping-off point in the coming days. At its current price point, accumulation should be the focus of the bulls in the next few weeks. However, TIA\u2019s momentum is highly correlated with the swings of the broader market, making it susceptible to any change in the market\u2019s sentiment.\u00a0 As of press time, TIA investors and traders are still bullish on the token\u2019s future performance despite the extreme slip that occurred in its market. If this sentiment continues and investors rightly weigh in on the developments inside Celestia, we might see a reattempt to take lost ground above the $5.8 ceiling.\u00a0 Related Reading: End Of The Slump? Floki Eyes A 46% Price Surge \u2014 Analyst If the $5.8 ceiling is broken, TIA has the potential to regain $6.3 in the long term. Patience, then, is the greatest weapon investors and traders should have in this situation. With only a slight dip in the market and a bullish investor base, TIA will have enough momentum to make breakthroughs soon.\u00a0 Featured image from 01node, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":637010,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,89781,1558,9301],"class_list":["post-637007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-celestia","tag-cryptocurrency","tag-tia"],"acf":[],"yoast_head":"\n<title>Celestia: Market Dip Leaves TIA Investors 16% In The Red<\/title>\n<meta name=\"description\" content=\"With the broader crypto market down by 3% in the past 24 hours, Celestia has been washed away by the bearish tide. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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