Why Is Celestia Crypto Up Today?

Celestia has seen significant market growth following its Ginger network upgrade, which doubled transaction speeds and enhanced finality.

This, combined with DIA’s launch of Lumina, a rollup-powered oracle on Celestia’s network, has strengthened its position in the blockchain space.

TIA Experiences Strong Growth After Ginger Upgrade

The Ginger network upgrade in Celestia crypto has seen the coin soar in the market. Upgrading doubled the transaction speed while substantially bettering finality, improving the blockchain’s performance.

These improvements improve Celestia’s attractiveness for developers and users looking for more fast and reliable solutions for decentralized applications (dApps).

The new upgrades to Celestia’s network mean that the network better supports applications like decentralized finance (DeFi) and non-fungible tokens (NFTs).

It has been able to scale up, and people have taken notice. Both institutional investors and developers are beginning to adopt it.

The upgrade also makes Celestia a potent threat to blockchain spaces like Solana and Avalanche in terms of a high-performance network.

Therefore, Celestia’s price is moving up; this is as a result of recently high market interest. The technical indicators show a continuation of the bullish trend and appear to be on its way to $10.

DIA Partners with Celestia Crypto for Lumina Oracle

With data feeds integrated into Celestia, DIA has launched Lumina, a rollup-powered Oracle infrastructure. Lumina aims to provide blockchain applications with reliable, trustless data solutions.

This collaboration puts Celestia further into Oracle’s growing market for decentralized data access. Like Celestia’s network, Lumina leverages a modular architecture using Celestia’s scalability and security characteristics.

Lumina enables trustless, permissionless data deployment to improve interoperability across multiple blockchains and roll-ups.

With this partnership, data infrastructure becomes more reliable and decentralized, which increases its accessibility to developers and users of various Web3 ecosystems.

The Oracle market is going to be huge, and this strategic collaboration positions both DIA and Celestia for a bigger piece of the pie.

Since information is so crucial in most of the decentralized finance and other blockchain applications, this partnership can alter the landscape of the whole industry.

Technical Analysis: TIA Bulls Eyeing $10

Celestia crypto is experiencing strong bullish momentum, with the price trading at $8.24.

TIA trades above key moving averages on the 4-hour chart, which indicates bullish market sentiment. If the move continues, this momentum to the price may reach the next resistance at $10.

Although Awesome Oscillator is in the positive territory, recent red bars mean some weakening in buying pressure.

The Chaikin Money Flow is still bullish at -0.10 but shows slight outflows. The network’s recent upgrades and technical factors are feeding into a current bullish trend.

TIA Futures Open Interest Hits New Heights

The Celestia’s (TIA) futures market has seen growing open interest and has attracted investors and traders. TIA futures have climbed to be traded at more than $500 million in open interest, up from a total of less than $30 million.

This demonstrates there is a growing investor and market participation as traders consider probable price movements.

Open interest, which rises, implies more money is coming into the market, increasing the likelihood that the price will increase.

Historically, if open interest remains higher, price increases indicate that fresh money entering the market is pushing the bullish trend further.

With more institutional interest and more stability, it may serve for further institutional investment as the futures market grows. Strong price momentum together with strong open interest is an indication that TIA could continue growing in the following months.

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