{"id":635201,"date":"2024-08-13T23:00:03","date_gmt":"2024-08-13T23:00:03","guid":{"rendered":"https:\/\/uniquehot.com\/?p=635201"},"modified":"2024-08-13T13:17:51","modified_gmt":"2024-08-13T13:17:51","slug":"celestia-tia-gains-14-following-network-upgrade-announcement","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/celestia-tia-gains-14-following-network-upgrade-announcement\/","title":{"rendered":"Celestia (TIA) Gains 14% Following Network Upgrade Announcement"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Celestia gains ground against the bears after the platform gave new info about the upcoming network upgrade named Lemongrass. According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/celestia\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, TIA has been up more than 13% since last week, successfully getting the token into the spotlight. The newly gained momentum can be attributed to the network\u2019s first upgrade, which will change the user experience of the network as a whole due to the features it\u2019ll implement.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-nears-key-bearish-triangle-apex-breakdown-to-2160-target-looms\/\" target=\"_blank\" rel=\"noopener \">Ethereum Nears Key Bearish Triangle Apex: Breakdown To $2,160 Target Looms<\/a><\/div>\n<p><span style=\"font-weight: 400\">With the market&#8217;s general upward momentum, TIA might be in the perfect position to continue its upward movement. However, investors should still be wary of upcoming macroeconomic indicator announcements that might favor the bears.<\/span><\/p>\n<h2><strong>Lemongrass: Celestia&#8217;s First Network Upgrade<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Celestia\u2019s official X account <\/span><a href=\"https:\/\/x.com\/CelestiaOrg\/status\/23647721\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">posted<\/span><\/a><span style=\"font-weight: 400\"> about the Lemongrass upgrade, giving it the too-long-don\u2019t-read treatment. The post details several features that will be part of Lemongrass.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cDeveloped and coordinated with the community, Lemongrass includes 1-click Tia interactions with other IBC chains, Interchain accounts, and a new upgrade mechanism,\u201d Celestia said.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Celestia\u2019s first upgrade, Lemongrass, is coming. \ud83c\udf75<\/p>\n<p>Developed and coordinated with the community, Lemongrass includes 1-click Tia interactions with other IBC chains, Interchain accounts, and a new upgrade mechanism. <a href=\"https:\/\/t.co\/Lu6f3vWeU9\" rel=\"nofollow\">pic.twitter.com\/Lu6f3vWeU9<\/a><\/p>\n<p>\u2014 Celestia (@CelestiaOrg) <a href=\"https:\/\/twitter.com\/CelestiaOrg\/status\/23647721?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 8, 2024<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">In the platform\u2019s<\/span><a href=\"https:\/\/blog.celestia.org\/lemongrass-celestias-first\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\"> official<\/span><\/a><span style=\"font-weight: 400\"> blog post regarding the upgrade, the new features are part of several proposals that were approved by the community. One of which is the price enforcement feature. This will set a minimum gas price for transactions, making the network more efficient and \u201censures that the cost of using the network is adequately accounted for.\u201d<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-635208\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/a_7da3ce.png?resize=1024%2C494\" alt=\"\" width=\"1024\" height=\"494\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/a_7da3ce.png?w=1630 1630w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/a_7da3ce.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/a_7da3ce.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/a_7da3ce.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/a_7da3ce.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/a_7da3ce.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/a_7da3ce.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p><span style=\"font-weight: 400\">The most notable of all the changes is the implementation of interchain accounts on the platform. Through the Inter-Blockchain Communication protocol, accounts on Celestia can now be accessed and controlled on other IBC-enabled chains, giving users from both ecosystems flexibility and convenience in accessing their accounts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The upgrade will pass the Arabica devnet first, before its release on the Mocha testnet later this month with the Beta version released in mid-September.\u00a0<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/kUzLxwcP\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">TIA is currently trading at $5.6. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">As of writing, no concrete launch date for Lemongrass 1.0 has been announced.\u00a0<\/span><\/p>\n<h2><strong>Choppy Trading Days To Come For Celestia?<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The token\u2019s current movement is not something to be desired. TIA is occupying the $4.8-$5.8 price range which leaves no room for both the bulls and the bears for significant upward gain. Although the market is bullish, its cooling phase that started today maybe a hint for either the coming pain or gain.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-upside-60k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price Eyes Upside Break: Is a Bullish Move Ahead?<\/a><\/div>\n<p><span style=\"font-weight: 400\">As the market waits for the <\/span><a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/us-stock-futures-flat-amid-preinflation-angst-3567990\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">coming<\/span><\/a><span style=\"font-weight: 400\"> macroeconomic releases, the coming stability in the next couple of days will be followed by extreme volatility that may point either up or down,\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">If the bulls are supported by positive economic growth, TIA can regain $6 in the short-term while setting $8 for the long term. However, if the opposite happens, we can expect TIA to fall way below the $4 range that could put long-term holders of the token in a bad position.\u00a0<\/span><\/p>\n<p><em>Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Celestia gains ground against the bears after the platform gave new info about the upcoming network upgrade named Lemongrass. According to CoinGecko, TIA has been up more than 13% since last week, successfully getting the token into the spotlight. The newly gained momentum can be attributed to the network\u2019s first upgrade, which will change the user experience of the network as a whole due to the features it\u2019ll implement. Related Reading: Ethereum Nears Key Bearish Triangle Apex: Breakdown To $2,160 Target Looms With the market&#8217;s general upward momentum, TIA might be in the perfect position to continue its upward movement. However, investors should still be wary of upcoming macroeconomic indicator announcements that might favor the bears. Lemongrass: Celestia&#8217;s First Network Upgrade Celestia\u2019s official X account posted about the Lemongrass upgrade, giving it the too-long-don\u2019t-read treatment. The post details several features that will be part of Lemongrass.\u00a0 \u201cDeveloped and coordinated with the community, Lemongrass includes 1-click Tia interactions with other IBC chains, Interchain accounts, and a new upgrade mechanism,\u201d Celestia said.\u00a0 Celestia\u2019s first upgrade, Lemongrass, is coming. \ud83c\udf75 Developed and coordinated with the community, Lemongrass includes 1-click Tia interactions with other IBC chains, Interchain accounts, and a new upgrade mechanism. pic.twitter.com\/Lu6f3vWeU9 \u2014 Celestia (@CelestiaOrg) August 8, 2024 In the platform\u2019s official blog post regarding the upgrade, the new features are part of several proposals that were approved by the community. One of which is the price enforcement feature. This will set a minimum gas price for transactions, making the network more efficient and \u201censures that the cost of using the network is adequately accounted for.\u201d The most notable of all the changes is the implementation of interchain accounts on the platform. Through the Inter-Blockchain Communication protocol, accounts on Celestia can now be accessed and controlled on other IBC-enabled chains, giving users from both ecosystems flexibility and convenience in accessing their accounts.\u00a0 The upgrade will pass the Arabica devnet first, before its release on the Mocha testnet later this month with the Beta version released in mid-September.\u00a0 As of writing, no concrete launch date for Lemongrass 1.0 has been announced.\u00a0 Choppy Trading Days To Come For Celestia? The token\u2019s current movement is not something to be desired. TIA is occupying the $4.8-$5.8 price range which leaves no room for both the bulls and the bears for significant upward gain. Although the market is bullish, its cooling phase that started today maybe a hint for either the coming pain or gain.\u00a0 Related Reading: Bitcoin Price Eyes Upside Break: Is a Bullish Move Ahead? As the market waits for the coming macroeconomic releases, the coming stability in the next couple of days will be followed by extreme volatility that may point either up or down,\u00a0 If the bulls are supported by positive economic growth, TIA can regain $6 in the short-term while setting $8 for the long term. However, if the opposite happens, we can expect TIA to fall way below the $4 range that could put long-term holders of the token in a bad position.\u00a0 Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":635226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,89781,1558,9301],"class_list":["post-635201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-celestia","tag-cryptocurrency","tag-tia"],"acf":[],"yoast_head":"\n<title>Celestia Rises 14% Following Network Upgrade Announcement<\/title>\n<meta name=\"description\" content=\"Celestia gains ground against the bears after the platform gave new info about the upcoming network upgrade named Lemongrass. 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According to CoinGecko, TIA\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/celestia-tia-gains-14-following-network-upgrade-announcement\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-13T23:00:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-13T13:17:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/a_296d5c.jpg?fit=4800%2C2700\" \/>\n\t<meta property=\"og:image:width\" content=\"4800\" \/>\n\t<meta property=\"og:image:height\" content=\"2700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/celestia-tia-gains-14-following-network-upgrade-announcement\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/celestia-tia-gains-14-following-network-upgrade-announcement\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Celestia (TIA) Gains 14% Following Network Upgrade Announcement\",\"datePublished\":\"2024-08-13T23:00:03+00:00\",\"dateModified\":\"2024-08-13T13:17:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/celestia-tia-gains-14-following-network-upgrade-announcement\/\"},\"wordCount\":533,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/celestia-tia-gains-14-following-network-upgrade-announcement\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/a_296d5c.jpg?fit=4800%2C2700\",\"keywords\":[\"altcoins\",\"Celestia\",\"cryptocurrency\",\"TIA\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/celestia-tia-gains-14-following-network-upgrade-announcement\/\",\"url\":\"https:\/\/uniquehot.com\/news\/celestia-tia-gains-14-following-network-upgrade-announcement\/\",\"name\":\"Celestia Rises 14% Following Network Upgrade Announcement\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/celestia-tia-gains-14-following-network-upgrade-announcement\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/celestia-tia-gains-14-following-network-upgrade-announcement\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/a_296d5c.jpg?fit=4800%2C2700\",\"datePublished\":\"2024-08-13T23:00:03+00:00\",\"dateModified\":\"2024-08-13T13:17:51+00:00\",\"description\":\"Celestia gains ground against the bears after the platform gave new info about the upcoming network upgrade named Lemongrass. 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