TL;DR Celestia (TIA) is set to unlock $923.41 million worth of tokens, leading to a wave of token unlocks totaling over $1.543 billion across 21 tokens. The unlock includes 180 million Celestia tokens, sparking concerns about potential market volatility and price fluctuations.
Several activities are in the lineup for top crypto news this week, positioning concerned tokens for volatility. Among the top stories are the highly anticipated, including Binance Blockchain W eek, the debut of Avalanche ecosystem's ARENA token, and the upcoming Frax announcement.
A considerable amount of token unlocks is scheduled between October 28 and November 4, with Celestia (TIA) leading the pack. According to data from Tokenomist, the combined value of scheduled unlocks exceeds $1.543 billion.
Over $1.5 billion in crypto tokens is set to flood the market this week, led by major unlocks for TIA, SUI, MEME OP IMX ZETA TRIBL DYDX GAL ADA AGI, etc. which will see huge amounts added to their circulation.
Celestia's $1.06 billion TIA unlock may redefine its price trend, with sentiment indicators split.
TIA is aiming for a long-term price target of $11, contingent on its current bullish pattern remaining intact.
Celestia is set to host a series of modular-focused events in Bangkok during Devcon, featuring workshops, talks, and community activities for blockchain developers.
The cryptocurrency market is known for its volatility, and Internet Computer (ICP) is no exception. Currently, ICP finds itself in a prolonged consolidation phase, lingering between key resistance and support levels.
Celestia announces the Ginger upgrade, boosting data throughput and reducing block times. Key changes include BBR adoption and new CIPs, enhancing network performance.
Celestia, a modular data network, has announced its upcoming Ginger upgrade, a key network enhancement that will improve transaction speed and finality times. The Ginger upgrade, set to go live in November 2024, will reduce block times from 12 seconds to 6 seconds.
Bitcoin (BTC) has recovered after facing significant selling pressure. On the 23rd, it dropped to a day low of $65,198 before recovering and pushing back above $67,000.
Celestia, the modular data network, has risen for three consecutive days after developers provided an update about an upcoming upgrade. Celestia (TIA) token rose to $6.28, up 60% from its lowest level this year, bringing its market cap to $1.
Celestia's breakout is drawing attention as it approaches a critical resistance at $6.9.
Celestia's (TIA) price remains uncertain as both trend indicators and key levels fail to provide a clear direction. The ADX and Ichimoku Cloud show weak momentum, indicating a lack of decisive strength from either bulls or bears.
ICP is stuck in a consolidation phase—will bulls break through resistance, or is further downside ahead?
Celestia Labs reveals its Mammoth Mini testnet, achieving 27MB/s throughput with 88 MB blocks, marking significant progress towards 1GB blocks.
The artificial intelligence sector has become one of the most exciting and innovative developments in 2024. While many altcoins leverage artificial intelligence (AI) to disrupt industries and drive technological advancements, investors can consider these assets to sell as they could underperform in Q4.
Celestia (TIA) exhibited a bullish stance on Monday, up 4% over the past day as Bitcoin flirts with the $70,000 mark, currently changing hands at $69,020. Meanwhile, ecosystem developments show TIA could fail to capitalize on the much-awaited “Uptober” rally. The crypto project will unlock 80.23% of Celestia's circulating supply (valued at approximately $1.
In 10 days, modular blockchain project Celestia (TIA) will release 80.77% of its circulating supply, valued at $1.05 billion. This impending token release has sparked concerns about potential selling pressure, which could affect TIA's price.
Celestia shows signs of breaking its consolidation, but overbought signals could spark volatility.
Celestia (TIA) has recently faced significant headwinds in the cryptocurrency market, registering a decline of approximately 7.5% in just 24 hours. This drop has erased a portion of the gains the altcoin had previously enjoyed, largely driven by heightened selling pressure.
Only two assets were trading lower, including Aptos and Litecoin.
Bitcoin (BTC) briefly climbed to $68,261 as the crypto market remained posted further gains as optimism grows around riskier assets such as cryptocurrencies. BTC bulls are confident the world's largest cryptocurrency will reach a new all-time high, with the US election outcome also set to play a vital role after both candidates spoke in support of crypto.
Internet Computer is not just another cryptocurrency; it represents a groundbreaking platform developed by the DFINITY Foundation. Its primary purpose is to facilitate the creation and hosting of dApps directly on the internet, which eliminates the need for traditional servers.
Uniswap joined Internet Computer as one of the weakest performers, falling 3.2%
The cryptocurrency market continued its strong start to the week, with almost all major cryptocurrencies in positive territory. Bitcoin (BTC) is up over 2% in the past 24 hours and briefly climbed above $66,000 before dropping to its current level of $65,500.
Celestia could face potential selling pressure by the end of October due to its major token unlock event, Illia Otychenko, Lead Analyst at CEX.IO, told crypto.news. On Oct. 30, 175 million Celestia (TIA) tokens, accounting for 16.
Celestia (TIA) has displayed a remarkable performance over the week, swiftly recovering from the early October crash. The token is now leading the crypto market's recovery in the daily timeframe, suggesting a possible continuation of its bullish momentum before the month ends.
Celestia's (TIA) price has been experiencing macro consolidation since mid-June, with recent price action reflecting a complex situation. Despite the altcoin's 11.8% rise, trading at $5.39, Celestia is facing a challenge to break past the $6.00 mark.
Crypto prices for some coins rose sharply as the cryptocurrency market experienced notable gains on Friday, October 11. Bitcoin reclaimed $62k and most top altcoins traded higher, with notable surges for Ethena and Celestia.
Bitcoin's price has shown resilience by staying just above the $62,000 mark, despite uncertainty in the market. Minor fluctuations have kept the price within a predictable range, while traders and investors await a potential breakout. The key resistance level remains at $65,000, a psychological threshold that could signal new upward momentum if breached.
In times when large-cap and popular tokens like Bitcoin, Ethereum, XRP, or Cardano are consolidating, EigenLayer is displaying a huge possibility of triggering a huge bull run.
Bitcoin (BTC) found support at around $62,000, helping it stabilize and prevent a further decline. The world's largest cryptocurrency has shed almost 2% over the past 24 hours after facing considerable volatility over the previous week, which saw highs of over $65,000 and a low of $59,800.
Celestia (TIA) has surged by 21% over the past four days, sparking interest in the sustainability of this upward trend. While the rise is promising, shifts in key indicators raise questions about its strength.
TIA's funding rates have been predominantly negative since early September showing strong bearish sentiment.
As October started, the cryptocurrency market faced a significant crash, increasing the bearish sentiment and attracting highly capitalized short-sellers. Some cryptocurrencies now risk suffering a short squeeze as imbalances appear in the market's open interest, dominated by short positions.
The crypto markets saw significant turmoil over the past 24 hours, with over 100,000 traders impacted by mass liquidations, greatly raising concerns during the latest market downturn. Bitcoin (BTC) briefly dipped below the $60,000 mark on October 3 before recovering and pushing back above $60,000.
A closely followed crypto strategist is warning that one modular blockchain project may be on the verge of collapse. Pseudonymous analyst Altcoin Sherpa tells his 224,000 followers on the social media platform X that layer-1 Celestia (TIA) could plummet by more than 77% from its current value due to prolonged investor selling.
AI and big data tokens lose ground, with NEAR suffering the biggest hit amid a broader market decline.
The cryptocurrency market has been showing signs of struggle lately, and Celestia (TIA) is no exception. Recent analyses indicate that TIA might continue its downward trajectory, potentially hitting a price of $4.55 in the coming days.
The modular blockchain network Celestia will conduct the large token unlock in October, with a massive $1 billion worth of TIA set to be released. Many of its holders have begun selling their tokens before this event.
According to RootData statistics, 97 publicly disclosed crypto VC investments occurred in September, representing a 12.6% decrease from August's 111 rounds.
The market isn't in favor of a TIA upswing. Here's a look at the technical aspects.
October marks significant token unlock events for several major projects.
SUI is not suffering from today's unlock, but TIA is for the end-of-month unlock.
Cryptocurrency landscape is marked by volatility, one token is capturing attention with its impressive performance: the Internet Computer (ICP). Over the last week, ICP has rallied by an impressive 16%, showcasing its resilience despite a general downturn affecting many other cryptocurrencies.
According to the latest market trends, the artificial intelligence (AI) coin bittensor (TAO) has overtaken internet computer (ICP), now sitting as the second largest AI-focused coin, just below near protocol (NEAR). TAO's 5.