πCELESTIA
Hi frens.
Today Δ± am going to explain Celestia Project and Δ± am going to give some information about "What they do" , "What they did" :)
"Celestia is a modular data availability network that securely scales with the number of users, making it easy for anyone to launch their own blockchain. " this is their basic business model.
Let's go into some detail:)
Basic and traditional blockchain networks need to do some work in order to work fully. These are execution , consensus , data avalibility and settlement . If a blockchain network do all of these mission fully , everything is okey. But this is not a simple like that. Especially , in data avalibility area most of blockchain networks have problems. Because of huge data storage costs and spaces. This problem basically push blockchain network to be centralized. At this point Celestia appears.
Basically Celestia sell data avalibility and consensus services to their customer with $TIA token. At the moment one $TIA token is 14.35$ . And it is 44th place on cryptocurrency market aaccording to marketcap. Recent days ; Dymension Project has announced airdrop program for $TIA staker. This announcment push to price up. Because most of cryptocurrency investor expect another airdrops for $TIA stakers.
In this picture you can see some of these projects.
TECHNICAL ANALYSIS :As we see ; price increase strongly . Yesterday , market experienced a serious decline due to the Spot ETF news. But price got support from 10.5$ level. Now , there is gray box in front of price. If price exceeds this level and makes it support level ; we will start looking for a new price discovery phase and new ATH :)