The Token Tia of Celestia is Expected to Exceed 100 USD in Value in 2024

Celestia is a public chain based on the Cosmos ecosystem, receiving 70% of the allocation from Cosmos, making it the next-generation public chain of the Cosmos ecosystem. Cosmos has significant advantages in cross-chain asset transfer and lightweight nodes. Detailed content can be referenced in "Cosmos Price" analysis. The advantage of lightweight nodes is that they don't need to download the entire blockchain to complete verification, thus enabling fast transaction completion and high-speed delivery. However, due to outdated technology and architecture, Cosmos has increasingly faced issues, the biggest being the rising costs in the application layer of Cosmos, which led to a 90% price crash in 2022.

Celestia was largely created to solve the problem of application layer costs in Cosmos. The core team of Celestia were originally developers of Cosmos.

Unlike previous Layer 1 public chains, Celestia is the first modular blockchain on Cosmos. Modular blockchains break down the blockchain into components according to consensus, data, and execution. This means that when creating a new project on the public chain, there's no need to develop additional components, only to call them. This makes the process very fast.

Since Celestia was developed on the basis of problems with Cosmos, it has significant advantages and is known as the next-generation blockchain application technology, as well as a leading figure in modular blockchains.

Celestia has attracted a lot of investor attention in its narrative, which is why, even facing significant selling pressure during unlocking periods, its price still skyrocketed from $3 to $6. As of January 15, 2024, the price has reached a new high of $20. It is estimated that Celestia's price will soar above $100 in a bullish market. The latter part of the price analysis will detail Celestia's valuation in 2024.

What is Celestia's Modularization, and Why is it So Popular?

Blockchains with smart contracts mainly consist of three functional layers: data, consensus, and execution. Traditional public chains execute all these functions on the nodes. If nodes are controlled by one company, it's not decentralized; if nodes are distributed, network throughput is affected.

Ethereum's Roll-up technology is designed to solve the problem of node throughput. For example, Arbitrum uses Roll-up to separate the execution layer from Ethereum. This way, the entire EVM only records data and doesn't execute every transaction step, speeding up the process.

Celestia, on the other hand, handles all three layers in a modular way. Celestia itself is used for storing transactions and then providing Data Availability, allowing other modules to sample and collect data as needed. Execution with Roll-up is handled by Cevmos. Cevmos consolidates data and then puts it into the Cevmos Roll-up before publishing it into Celestia. This is similar to the relationship between ETH Layer 1 and Layer 2.

Celestia also breaks down the blockchain data into various modules (Spaces), each with its corresponding Roll-up. The greatest convenience this brings to developers is that there's no need to rewrite code to call data; they just need to select which Spaces to use according to the needs of the dApp development.

This means developers are relieved from a lot of blockchain maintenance and development work, especially in the development of dApps. dApps are considered to be the area with the most application of smart contracts in 2024, including games and dePin.