Celestia price
in USD$1.9500
+$0.014000 (+0.72%)
Market cap
$1.40B
Circulating supply
713.72M / 1.14B
All-time high
$21.1920
24h volume
$342.32M
3.6 / 5
About Celestia
Celestia’s price performance
3 months
-21.41%
$2.4810
30 days
+14.16%
$1.7080
7 days
-2.55%
$2.0010
Today
+0.72%
$1.9360
Celestia on socials
飞凡
Is $ETH ready for a crazy surge?
To conclude: Currently, there is potential for a meme-like surge driven by funds, but it relies on continuous incremental funding and narrative reshaping.
The conditions for an increase are in a rapid accumulation phase:
- ETF funding channels are opening up
- Regulatory pricing is gradually being established
- High staking/re-staking leads to a tightening of circulating chips.
Potential downward pressure is also on the rise:
- Burning rate is decreasing
- Net supply is re-inflating
- L2 diversion leads to L1 fees and narrative dilution.
Here’s a detailed interpretation:
First, $ETH currently has a certain incremental demand:
- Daily inflows of $700 million into U.S. spot Ethereum ETFs, with cumulative inflows in the tens of billions, show a trend of institutions and retail investors concentrating their positions through compliant channels.
- Several listed companies are migrating or adding $ETH positions from Bitcoin reserves, with most CT bloggers comparing $ETH to the early $BTC corporate allocation craze.
- The U.S. Congress is advancing several pieces of crypto legislation, boosting the risk premium across the entire digital asset category, facilitating institutional allocation.
Secondly, there is a supply-side tightening and a decrease in circulation:
- The staking ratio across the network has reached a historical high (around 28%-29%+), with circulating sellable chips continuously declining.
- The re-staking ecosystem (EigenLayer @eigenlayer, etc.) is increasing TVL, absorbing additional circulating chips and adding derivative yields, enhancing holding willingness.
- The corporate treasury model (BitMine, SharpLink, and others shifting to $ETH surplus allocation) further locks in liquidity.
The only current flaw is that the ETH L1 ecosystem narrative is failing, with 85% of ecological transactions having migrated to L2 (Base taking the majority; L2 fees are profitable).
Moreover, the success of L2 means scaled adoption, taking most of the traffic away from the L1 fee pool, leading to a decrease in L1 burning rate, resulting in net supply re-inflation/annual dilution rebound, and the deflationary effect of EIP-1559 cannot be automatically maintained.
This means that the upward drive for ETH is similar to BTC, supported purely by short-term capital injections. If the funding cannot be sustained, $ETH will definitely encounter resistance, with the biggest catalyst being the staking ETF.
If the staking ETF is approved, ETH is highly likely to surge to $4,000-$5,000 in the short term.
飞凡
$ETH continues to break through, and the project team is making efforts,
Let's summarize which altcoins might have positive price movements in the past few days.
1. $COIN / $AERO / $DEGEN and other Base ecosystem tokens, Base is currently the most active L2, and the official team has announced that there will be significant news released.
2. $MPL, Maple plans to launch a permissioned lending pool at Converge,
providing collateralized/structured credit channels for RWA, aiming to extend institutional-level credit to a regulated environment on-chain;
Converge has officially named the use cases for Maple's launch (including permissioned pools, RWA credit, and institutional yield access).
3. $SKY, Sky Ecosystem has partnered with Alchemy Pay, allowing users to purchase SKY and the stablecoin USDS directly using local payment methods like Visa and Apple Pay.
4. $POL, the Polygon Heimdall mainnet has gone live, achieving ~5s rapid finality (previously about 1-2 minutes) and enhancing bridge security and network stability; significant optimizations for payment, RWA settlement, and centralized exchange deposit/withdrawal experiences.
5. $UNI, on July 15, the Uniswap Foundation officially submitted the "Protocol Governance Upgrade" proposal draft, which will allocate a certain percentage of the 0.05% base fee of the protocol to UNI holders.
6. $TIA, the Celestia community proposal TIA-19 suggests reducing the annual inflation rate from 6% to 2.5%, along with a redistribution of on-chain staking rewards.
16.38K
31
GalleonCrypto
Being Liquid and booking wins is how you survive!
This is great advice for playing alts.
I think Cobie also once said it on a stream.
If you make multiple Xs on an alt, you sell and wait for the next opp, while putting some profits into BTC.
Too many people one here will shame you into not selling and holding the bag down when the inevitable bear market comes for that alt.
I remember riding TIA from $2 to $10 and then $10 to $20 and people questioning why I sold at $20 instead of waiting for $50.
Have a plan and execute. Be nimble on alts and take profits when euphoric
Flood
Quick thought on “life changing money” since I’m getting a lot of DMs about it (no surprise given current PA).
If you’re sitting on uPnL that’s life changing you need to sell. Full stop.
I have regretted every single time when I did not realize life changing gains in the beginning of my career. The notional amount will change as you progress but the concept will not.
You will never get the optionality back of materializing that position and improving your life circumstances forever.
If you can change your life and the lives of those around you forever by clicking SELL on a screen I strongly advise that you do.
You can always rebuy, but you cannot go back in time and resell at that level where you reach escape velocity. There will always be another trade.
The people who make it to the top understand that being liquid and booking wins is how you SURVIVE. They didn’t get there by timing every top perfectly, they got here by pulling out cash than they put it.
There is always another trade, timing tops perfectly is a fantasy and having liquidity is king.
After you’ve hit escape velocity then and only then can you start playing the game for real and going for it all.
I’m not selling because this trade is a once in a cycle trade for me but that does not mean it will be for everyone.
Stay liquid and I love you all.
2.25K
5
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Celestia on OKX Learn
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Celestia FAQ
Currently, one Celestia is worth $1.9500. For answers and insight into Celestia's price action, you're in the right place. Explore the latest Celestia charts and trade responsibly with OKX.
Cryptocurrencies, such as Celestia, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Celestia have been created as well.
Check out our Celestia price prediction page to forecast future prices and determine your price targets.
Dive deeper into Celestia
Celestia is a modular blockchain network that enables developers to build scalable, secure, and interoperable decentralized applications (dApps). Celestia decouples the data availability layer from the execution layer, allowing each layer to be optimized for its specific purpose. This makes Celestia more scalable and efficient than traditional monolithic blockchains.
How does Celestia work?
Celestia works by separating the blockchain into two layers: the data availability layer and the execution layer. The data availability layer is responsible for storing and validating transaction data, while the execution layer is responsible for executing transactions and updating the state of the blockchain.
The data availability layer uses a sampling mechanism to ensure that all transaction data is available to all nodes on the network. This makes Celestia more secure than traditional blockchains, as it is more difficult for attackers to tamper with the transaction data.
The execution layer can be implemented using any type of virtual machine, which makes Celestia more flexible and adaptable than traditional blockchains. Developers can choose the virtual machine that best suits their needs, and they can even build their own custom virtual machines.
Celestia price and tokenomics
Celestia's native token is TIA. TIA is used to pay for transaction fees, secure the network, and participate in governance.
TIA has a total supply of 1 billion tokens. The tokens are allocated as follows:
- 26.8% - R&D and ecosystem
- 19.7% - Series A and B investors
- 17.6% - Initial core contributors
- 15.9% - Seed investors
- 12.6% - Future initiatives
- 7.4% - Genesis drop and incentivized testnet
TIA is currently trading at $2.38 (as of November 1, 2023). It has a market capitalization of $336.99 million.
About the founder
Celestia was founded in 2021 by Mustafa Al-Bassam and Ismail Mahmutovic. Al-Bassam is a former software engineer at Google, where he worked on the development of the WebAssembly virtual machine. Mahmutovic is a former software engineer at Facebook, where he worked on the development of the Novi digital wallet.
Celestia highlights
- Scalability: Celestia is designed to be scalable to millions of transactions per second.
- Security: Celestia uses a variety of security features to protect the network and its users, including proof-of-stake consensus, sharding, and fraud proofs.
- Interoperability: Celestia is interoperable with other blockchains, which means that Celestia dApps and smart contracts can communicate and interact with dApps and smart contracts on other blockchains.
- Flexibility: Celestia is a modular blockchain, which means that its different components can be upgraded or replaced without disrupting the entire network. This makes Celestia more flexible and adaptable than traditional monolithic blockchains.
Disclaimer
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$1.40B
Circulating supply
713.72M / 1.14B
All-time high
$21.1920
24h volume
$342.32M
3.6 / 5