It revealed several key developments that show the ecosystem has been gathering momentum since the start of August. JUST IN: Modularity 🧩 | OurNetwork #266 👥 Sector Update | @ayyyeandy 🟣 @CelestiaOrg | @ofernau 🌀 @OmniFDN | @chasedevens 🦦 @alt_layer | @maqstik ⚡ @conduitxyz | @forrestnorwood Link to read ⬇️ — OurNetwork 🔎 (@ournetwork__) August 30, 2024 According to OurNetwork’s official blog post, although the modular sector of crypto faced some resistance due to its chain fragmentation problem, developments on chain abstraction by over 80 teams from different protocols and chains led to better user experience on-chain.
Time will tell whether the platform will usurp Ethereum as the prime data availability layer for EVM blockchains, but investor confidence in Celestia might not be in the position for recovery of TIA. $4.6 Breakthrough Imminent But Rejection’s Still A Possibility As of writing, the token is on the path of breaking through the $4.6 ceiling in the short term despite the market sentiment still flashing bearish.
With the majority of the market still trying to recover from the disastrous dip, TIA’s potential breakthrough might be rejected. Related Reading: Cosmos (ATOM) On Downward Spiral With 23% Losses As Market FUD Worsens The relative strength index (RSI) shows that there is a slight dip in bullish momentum, but a flip may occur in the coming days as market volatility slows down.
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