Coin Edition -
- The price of TIA surged by more than 24% in the past day after its launch on October 31.
- The token’s success is likely due to an announcement that Coinbase (NASDAQ:COIN) will list the TIA token.
- Binance Futures also announced that it will support TIA with up to 50x leverage.
The price of the new cryptocurrency on the block, Celestia (TIA), is turning heads after Celestia, the world’s first data availability blockchain network, launched its mainnet just a few days ago on October 31, 2023. Over $300 million worth of TIA tokens were released during the project’s launch.
TIA / Tether US 4h (Source: TradingView)
Data from CoinMarketCap indicated that the price of TIA surged by more than 24% in just the past 24 hours. This meant that the token was trading at $2.73 at press time after it was able to set a high price of $2.84.
TIA’s 24-hour trading volume also managed to climb by over 7% since yesterday. As a result, the token’s volume was able to rise to $382,575,667. Meanwhile, the rise in the altcoin’s market cap ranked TIA as one of the top 100 cryptocurrencies as well.
Its market cap rose to $385,149,541 throughout the past day, which ranked it as the 94th largest token. This positioned it right behind WOO Network (WOO) in the 93rd spot. TIA’s success in the past few days also pushed its performance on its weekly time frame up even further to +29.69%.
The support that TIA has received from traders is very likely due to the recent announcement that Coinbase, the largest cryptocurrency exchange in the U.S., will list the TIA token. The exchange also stated that trading will begin as soon as liquidity conditions are met.
Day 1 custody, staking, and trading for @CelestiaOrg TIA is now available on Coinbase Prime! Asset availability is based on custodian entity and customer jurisdiction.Learn more