In addition to TIA, INJ, and NEON, other tokens have also demonstrated noteworthy performance.
The crypto market is once again abuzz with excitement as three major tokens, Celestia (TIA), Injective (INJ), and Neon EVM (NEON), have reached new all-time highs, showcasing the dynamic nature of the crypto space.
Celestia (TIA): Surging to the Stars
Celestia (TIA) has experienced a remarkable surge in value, marking a 17.02% increase within 24 hours, propelling its price to $14.38. Over the past week, TIA has demonstrated impressive momentum, witnessing a surge of over 46.0%, starting from $9.82 to reach its current price. The coin’s all-time high stands at $14.65.
Analyzing the price movements reveals the volatility in Celestia’s value over the past 24 hours and the week, with Bollinger Bands illustrating the fluctuation in both daily and weekly movements. Wider bands indicate higher volatility, highlighting the dynamic nature of TIA’s recent performance.
Despite the price surge, the trading volume for Celestia has decreased by 9% over the past week. Meanwhile, the circulating supply has increased by 0.46%, reaching 145.87 million. The market capitalization of TIA has soared over $2 billion, with a 24-hour trading volume of $492 million.
Injective (INJ): Riding the AI Wave
Injective (INJ), an AI-focused decentralized finance project, has experienced a staggering 254% increase in its market capitalization over the past two months. The token achieved a new all-time high, surpassing the $32 mark before settling at $31.56 at the time of writing.
The surge in INJ’s value is attributed to the hype surrounding Artificial Intelligence, GPT-4, and the broader AI-focused narrative. Santiment data indicates that the AI token’s supply on cryptocurrency exchanges has reached its lowest level in the past year, suggesting increasing scarcity.
However, caution is advised as the Network Realized Profit/Loss metric reveals profit-taking by large wallet investors. Notably, the three largest INJ wallets have added 7.1 million tokens to their holdings in the past three months.
While the current price of INJ is up by 3.44% in the last 24 hours, the sustainability of these gains remains uncertain. Traders are closely monitoring the market, considering the profit-taking behavior of large wallet investors and the correlation with whale address activity.
Neon EVM (NEON): Bridging Blockchains for Seamless Transactions
Neon EVM (NEON) has reached a new all-time high, hitting $0.837, representing a 2.54% increase at the time of writing. With a market cap of $48.2 million and a 24-hour trading volume of $2.8 million, NEON has emerged as a low-friction solution facilitating Ethereum dApps to settle transactions on Solana.
In addition to TIA, INJ, and NEON, other tokens have also demonstrated noteworthy performance. Beam (BEAM) pumped over 21.95%, reaching an all-time high of $0.02467. At the time of writing, BEAM is trading at $0.02359, with a market cap of $1.1 billion.
Furthermore, Bonk (BONK), a Solana-based memecoin, increased by more than 40% after Coinbase Global Inc (NASDAQ: COIN) announced its listing. With a market valuation of $1.91 billion and a trading volume of $1.08 billion, Bonk has become the third-largest memecoin, trading at $0.00003119.
