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Celestia Launches With a Bang as Prices Jump Over 15%. Will These ICOs Follow a Similar Fate?

Press Releases Crypto News BeInCrypto Celestia Launches With a Bang as Prices Jump Over 15%. Will These ICOs Follow a Similar Fate?

Bitcoin (BTC) may be trending at around 2023 highs, breaking above key resistance levels.

However, the rise of Celestia (TIA) is noteworthy. TIA, the native token of the scalable network, was launched on Oct. 31.

Barely 48 hours later, TIA is up by over 15%, rewarding early adopters with rare double-digit gains when the crypto market is stagnant.

As it is, TIA is not only outperforming Bitcoin (BTC) and other crypto coins, including Cardano (ADA) and Solana (SOL), but there has been a spike in social media engagement, pointing to increasing interest from the broader community.

Considering the success of Celestia, analysts have been training their eyes on alternative projects that are widely thought to be high-growth, primarily bolstered by the unique value propositions and approaches in their respective industries.

InQubeta (QUBE), a crypto project creating a convenient platform for artificial intelligence (AI) platforms to raise capital; and NuggetRush (NUGX), a play-to-earn (P2E) game aiming to add utility to meme coins, are being explored as candidates that may post sharp gains in the upcoming bull market.

The question, however, remains: What’s the primary driving force?

Exploring Celestia

The following content does not constitute the opinion of BeInCrypto and should not be construed as financial advice

Celestia creators are building what they describe as a modular blockchain that’s designed to scale and anchor intensive decentralized applications (dApps). TIA launched on Oct. 31 and has been listed in multiple cryptocurrency exchanges, including KuCoin and OKX.

The coin’s launch was highly anticipated, and besides the airdrop that saw 60 million tokens distributed to over 191,000 users, developers were looking at whether Celestia walks the talk by offering scalability and security. Celestia achieves this by separating the consensus and execution layers, an approach used by some top projects, including Cardano and Avalanche.<

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Author: BeInCrypto Team

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