Celestia Soars to Four-Month High as Staking Demand Boosts Price

Celestia's recent surge to a four-month high has captured market attention, with some questioning whether it can sustain its momentum despite selling pressure.

The altcoin cleared $0.42 resistance and jumped to $0.48 before retracing, marking an 11.5% jump on the 24-hour timeframe.

This uptick in price is attributed to several factors, including its role as a data availability (DA) layer in modular blockchain architecture, which has gained fresh attention due to its focus on scalability and flexibility.

Celestia's staking reward rate of 5.48% has also made it an attractive option for investors, with over 393.9 million tokens staked, or 43% of the total supply.