Celestia Raises $100M, TIA Token Jumps 17% In a single day

• Celestia Basis introduced $100 million in funding led by Bain Capital Crypto.
• TIA token skyrocketed a large 17% following the announcement.
• Syncracy Capital, 1kx, Robotic Ventures, Placeholder, and others additionally participated within the funding.

Celestia Basis, the developer of the modular blockchain Celestia, has raised a considerable $100 million in funding. This information led to a 17% surge within the worth of its TIA token prior to now 24 hours, considerably outperforming most altcoins.

This newest funding spherical, led by Bain Capital Crypto with participation from different notable traders, brings Celestia Basis’s whole funding to $155 million. 

The undertaking has seen vital progress since its Mainnet Beta launch in October 2023, including 20 rollup chains and likewise releasing their bold technical roadmap, “1 GB blocks to Construct No matter.

TIA Token Soars 17%

In response to the info from CoinMarketCap, TIA is up 17% prior to now 24 hours and is buying and selling at $6.38 on the time of publication. The cryptocurrency has climbed 32.10% prior to now week alone and 9.28% within the final 30 days. 

Learn additionally: TIA Faces Market Uncertainty Forward of Token Unlock Occasion

Additional, the altcoin has returned 203.72% since September 2023 and has achieved a market cap of $1.35 billion, making it the 54th-largest digital asset within the area.

TIA Value Evaluation

Trying on the chart, TIA began the day by day candle at a excessive of $6.64 and went so far as $6.9 the place it seems to have met resistance. Consequently, the cryptocurrency fell to a low of $6.35 and remains to be attempting to beat the resistance.

The Relative Energy Index (RSI) reads a price of 64.14 which signifies that the bulls are general in control of the TIA worth motion and the altcoin would possibly quickly hit the oversold ranges which may be time to capitalize on the positive aspects made so far