- The project integrated OP Stack and Arbitrum Nitro to help with data security.
- TIA reached a new ATH and its volume increased.
Modular consensus and data network Celestia [TIA] has introduced an L2 system called the “Ethereum fallback.” Celestia described the Ethereum [ETH] fallback mechanism as one that backs up data availability if there is any downtime on the Celestia mainnet.
2FA for the Celestia camp
According to the project, two L2s are involved in the development— Arbitrum [ARB] and Optimism [OP]. Celestia revealed that its choice of Optimism’s OP Stack was because the blockchain can back up rollup blocks and posts to Ethereum.
In the case of Arbitrum Nitro, Celestia wants it to engage its advanced calldata compression. This is to ensure that it stores on-chain data if primary data availability fails. Regarding both concepts, Celestia noted that:
“These two functions work together to ensure that the Ethereum fallback mechanism operates correctly, allowing the rollup to continue functioning even during periods of downtime on Celestia.”
As a result of this disclosure, AMBCrypto proceeded to assess Celestia’s development activity. At press, the development activity was down to 1.06. This metric tracks the work done in a project’s public GitHub repository.
Source: Santiment
So, the decrease means that there has been a lot of activity related to polishing the network.
As for the TIA price, it reached a new All-Time High (ATH) of $7.35. In a previous article, AMBCrypto discussed TIA as one of the new projects maintaining a good price action.
TIA’s uptrend resumes
But of late, the token was at the mercy of a 30% slump. As of this writing, the TIA/USD H4 chart has reclaimed its bullish market structure. However, it seems that the uptick was starting to get overheated.
If so, the price action might retrace from the northward direction. One of the reasons for this assumption is the Relative Strength Index (RSI). At press time, the RSI was 71.75 which is considered overbought.
Like the RSI, the Bollinger Bands (BB) also reinforced the notion that TIA was overbought. This was because the upper band of the BB touched TIA at $7.30. If the lower band had hit the price, TIA would have been tagged oversold.
![Celestia [TIA] price analysis](https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/02113139/TIAUSD_2023-12-02_06-33-59.png)
Source: TradingView
Therefore, there is a chance for TIA to drop. Also, if the 26-day EMA (orange) becomes at par with the 12-day EMA (blue), the token value may retrace. However, there seems to be support around $6.32. Should the price reverse, it might not go below $6.50 in the short term.
Two other metrics to look at when analyzing Celestia are social dominance and volume.
Realistic or not, here’s TIA’s market cap in ETH terms
At the time of writing, TIA’s volume was 188.40 million— a slight decrease from the 221.80 million peak. This means that there have been many TIA tokens exchanging hands lately.
So, it was not surprising that the social dominance rose to 1.878%, indicating an increase in discussion around the project.
Source: Santiment
- The project integrated OP Stack and Arbitrum Nitro to help with data security.
- TIA reached a new ATH and its volume increased.
Modular consensus and data network Celestia [TIA] has introduced an L2 system called the “Ethereum fallback.” Celestia described the Ethereum [ETH] fallback mechanism as one that backs up data availability if there is any downtime on the Celestia mainnet.
2FA for the Celestia camp
According to the project, two L2s are involved in the development— Arbitrum [ARB] and Optimism [OP]. Celestia revealed that its choice of Optimism’s OP Stack was because the blockchain can back up rollup blocks and posts to Ethereum.
In the case of Arbitrum Nitro, Celestia wants it to engage its advanced calldata compression. This is to ensure that it stores on-chain data if primary data availability fails. Regarding both concepts, Celestia noted that:
“These two functions work together to ensure that the Ethereum fallback mechanism operates correctly, allowing the rollup to continue functioning even during periods of downtime on Celestia.”
As a result of this disclosure, AMBCrypto proceeded to assess Celestia’s development activity. At press, the development activity was down to 1.06. This metric tracks the work done in a project’s public GitHub repository.
Source: Santiment
So, the decrease means that there has been a lot of activity related to polishing the network.
As for the TIA price, it reached a new All-Time High (ATH) of $7.35. In a previous article, AMBCrypto discussed TIA as one of the new projects maintaining a good price action.
TIA’s uptrend resumes
But of late, the token was at the mercy of a 30% slump. As of this writing, the TIA/USD H4 chart has reclaimed its bullish market structure. However, it seems that the uptick was starting to get overheated.
If so, the price action might retrace from the northward direction. One of the reasons for this assumption is the Relative Strength Index (RSI). At press time, the RSI was 71.75 which is considered overbought.
Like the RSI, the Bollinger Bands (BB) also reinforced the notion that TIA was overbought. This was because the upper band of the BB touched TIA at $7.30. If the lower band had hit the price, TIA would have been tagged oversold.
Source: TradingView
Therefore, there is a chance for TIA to drop. Also, if the 26-day EMA (orange) becomes at par with the 12-day EMA (blue), the token value may retrace. However, there seems to be support around $6.32. Should the price reverse, it might not go below $6.50 in the short term.
Two other metrics to look at when analyzing Celestia are social dominance and volume.
Realistic or not, here’s TIA’s market cap in ETH terms
At the time of writing, TIA’s volume was 188.40 million— a slight decrease from the 221.80 million peak. This means that there have been many TIA tokens exchanging hands lately.
So, it was not surprising that the social dominance rose to 1.878%, indicating an increase in discussion around the project.
Source: Santiment
cost of cheap clomiphene prices generic clomid c10m1d get generic clomiphene prices cost generic clomiphene without a prescription how to buy cheap clomiphene generic clomid for sale cost of generic clomiphene without a prescription
More articles like this would frame the blogosphere richer.
Greetings! Jolly serviceable recommendation within this article! It’s the little changes which liking make the largest changes. Thanks a a quantity in the direction of sharing!
buy azithromycin 250mg generic – cheap ciplox 500mg metronidazole 200mg pills
semaglutide 14mg ca – cyproheptadine buy online purchase periactin without prescription
buy domperidone pill – brand cyclobenzaprine 15mg flexeril cost
amoxicillin online order – order amoxil online cheap cheap ipratropium 100 mcg
purchase augmentin without prescription – https://atbioinfo.com/ purchase ampicillin sale
nexium 40mg canada – anexamate.com order nexium 40mg pills
medex where to buy – blood thinner buy losartan cheap
mobic generic – mobo sin meloxicam pill
buy prednisone for sale – corticosteroid purchase prednisone online
cheapest ed pills – buy ed pills online over the counter ed pills
buy amoxil paypal – buy generic amoxicillin over the counter amoxil pills
oral fluconazole 200mg – order diflucan pills purchase forcan generic
order lexapro sale – escitalopram usa cost lexapro
order cenforce 50mg pills – https://cenforcers.com/# cenforce 100mg drug
mint pharmaceuticals tadalafil – https://ciltadgn.com/ is tadalafil from india safe
order generic zantac – online zantac 150mg sale
sildenafil 100mg price – https://strongvpls.com/# want buy cheap viagra
More posts like this would force the blogosphere more useful. fildena 150 comprar
I am in point of fact enchant‚e ‘ to glance at this blog posts which consists of tons of profitable facts, thanks for providing such data. https://buyfastonl.com/gabapentin.html
I am in truth thrilled to glance at this blog posts which consists of tons of worthwhile facts, thanks towards providing such data. https://ursxdol.com/augmentin-amoxiclav-pill/
With thanks. Loads of erudition! https://prohnrg.com/
I couldn’t turn down commenting. Well written! stromectol vente libre
With thanks. Loads of conception! https://ondactone.com/spironolactone/
This is the type of delivery I turn up helpful.
purchase mobic for sale
This is the type of delivery I unearth helpful. http://www.muppetsauderghem.be/?URL=https://doselect.com/@decab16353abf074be022fa5f
More posts like this would persuade the online elbow-room more useful. http://bbs.yongrenqianyou.com/home.php?mod=space&uid=4271944&do=profile
forxiga 10mg cheap – dapagliflozin 10mg without prescription dapagliflozin 10mg us
order xenical sale – https://asacostat.com/# cheap xenical 60mg
This is the make of post I turn up helpful. http://zqykj.com/bbs/home.php?mod=space&uid=303385