Celestia Ginger Upgrade Offers 5x Throughput – Impact on TIA Pricing
Analyst Insight
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- The recent Ginger upgrade has significantly enhanced Celestia’s throughput.
- TIA’s price continues to face challenges – what lies ahead?
The recent Ginger upgrade of Celestia [TIA], which doubled data availability for efficient settlement of Ethereum [ETH]L2 transactions, is becoming increasingly advantageous.
“Celestia achieved a new milestone yesterday – processing 11.85 GB of data posted almost exclusively by EclipseFND, managing to handle 5x the amount of data posted on Ethereum blobs with a staggering 99.6% reduction in fees per MB.”
A dip in TIA’s social engagement and weighted sentiment reached figures comparable to those just prior to November’s significant surge – indicating limited market interest which forecasts potential delays in any swift recovery.
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Sourced from Santiment.
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– Is now a strategic moment amidst weak sentiment to capitalize at lowered prices anticipated high returns? – span >
– Assessing current trends, TIA has retraced roughly 50% since its last peak level straying back down from $9.20 reaching lows near $4.30 briefly stabilizing post-drop.- span >
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{/* Final observation reflects: unless modification arises in technical charts indicators expect breach below middle thresholds triggering further declines towards channel limits*/}
{/* Bullish upside could potentially aim target elevation around $7.30 equating gains near about (60%)*/}
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