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Will Celestia (TIA) Hit $130? Analyst Makes Bold Prediction

Celestia (TIA), a red-hot cryptocurrency in the modular blockchain space, has experienced a rollercoaster ride in recent weeks. After reaching a peak of nearly $16, TIA underwent a correction, plummeting to $7.5 according to CoinMarketCap data.

However, the token has displayed remarkable resilience, bouncing back to $11.50 and showcasing strong trading volume – a sign that investors haven’t abandoned ship.

Celestia’s Rebound And Investor Optimism

The past 24 hours have been particularly kind to Celestia. The token price surged by a significant 6.20%, indicating a shift in investor sentiment towards optimism. This bullish momentum is further bolstered by analyst predictions and market psychology.

TIA’s price action reveals a struggle between bullish and bearish forces. While the Fear & Greed Index sits at 72 (“Greed”) and price predictions lean bullish, the current price of $11.70 remains significantly lower than its February 10th, 2024 ATH of $20.85.

This signals a potential continuation of the downtrend. However, a key technical detail to note is the price staying above the cycle low of $7.61. This could indicate the beginning of a price recovery, but further technical analysis is necessary to confirm this.

Some 46 cryptocurrency exchanges, including Binance and KuCoin, allow traders to trade Celestia. Celestia changed hands for $549.60 million in the previous day.

Celestia: Long-Term Potential And A Bullish Breakout

Crypto analyst CryptoBullet has offered a long-term perspective on Celestia’s trajectory, focusing on its one-week chart. The analyst predicts a consolidation phase where TIA will likely trade below its previous high of $20 for an extended period.

This consolidation could potentially form a bullish “Symmetric Triangle” pattern, a technical indicator often seen before significant price breakouts. CryptoBullet believes that after this consolidation and re-accumulation period,

TIA will experience a substantial rise, with ambitious macro price targets set at a staggering $70 and even $130. While these targets are lofty, they highlight the analyst’s belief in Celestia’s long-term potential.

Celestia’s Underlying Value Proposition

The recent bullish sentiment surrounding Celestia isn’t solely driven by speculation. Celestia is a modular data availability network, a foundational technology that underpins the scalability and security of blockchains.

By offering a secure platform for developers to launch their own blockchains, Celestia positions itself as a crucial piece of infrastructure in the burgeoning blockchain ecosystem. This underlying value proposition, coupled with the recent positive market forces, is propelling Celestia into the spotlight.

Will TIA Reach $130?

While predicting specific price points like $130 is inherently difficult in the volatile cryptocurrency market, Celestia’s future trajectory remains intriguing. Bullish sentiment and a Greed market mood suggest potential for price appreciation.

However, the significant drop from its all-time high and the unknown influence of future news and developments necessitate caution. Technical analysis using indicators and monitoring upcoming events can provide more clarity on Celestia’s price direction.

Featured image from Pexels, chart from TradingView

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Celestia Network: How To Stake TIA And Position For 5-Figure Airdrops

Celestia is the star of the modular network in late 2023 after its airdrop and staking TIA has become a good way to receive airdrops. Celestia is a chain that a lot of people overlooked because, before the launch, there was not a lot of information about Celestia and the airdrop. However, in the fast-paced world of cryptocurrency, overlooked gems can often surprise the market, and Celestia Network is no exception. 

Celestia (TIA) Airdrop And What People Missed

Celestia network had stayed out of the limelight until it announced an airdrop eligibility site. Lots of people didn’t bother checking if they were eligible for an airdrop, because they felt it was irrelevant, people didn’t claim their airdrop at the deadline as requested by the team, which made the team extend the date to give more people the chance to claim. 

At the end of the claim period, there were a lot of unclaimed airdrops to the extent the team had to distribute all the unclaimed airdrops to the wallets that claimed their airdrops, meaning that eligible wallets got double their initial allocations. 

After the airdrop, the team focused on developing and creating utility for their chain, making the price of TIA skyrocket, as the demand for the chain and its token started to grow. 

TIA Utility: Data Availability and Scalability

Celestia gives great utility towards Data Availability and Scalability giving other chains or upcoming chains a foundation to learn and work on. The Celestia team’s innovative approach, combined with partnerships and a focus on utility, set it apart in a crowded space. 

In this guide, we will delve into the dynamics of Celestia, explore its transformative airdrop strategy, and discuss how staking TIA can position you for not only handsome rewards but also exclusive airdrops. 

Unlike many projects that fizzle out post-airdrop, Celestia took a different path. The team continued developing the platform, adding significant utility to the Celestia chain. This utility, focused on data availability and scalability, spurred demand for the native token, TIA, ultimately driving its price higher.

Celestia (TIA) Network Collaborations

Celestia has partnered with most roll-ups of other chains like the Manta network which is another rollup that has been able to combine utility from the calamari network, and the EVM network. Collaborating with Celestia for better scalability and data availability increased the demand for Celestia(TIA). 

Celestia (TIA) Network Airdrop Distribution

Celestia changed the way they distributed their TIA airdrop, which was different from what the market was used to. The Celestia pre-launch had incentivized node running events, rewarding node runners, but that was not enough to bring more people into exploring its ecosystem, it had to distribute its airdrop by rewarding all EVM users. If you had interacted on the EVM chain, you were eligible for the TIA airdrop. 

Now, let’s delve deeper into the details surrounding TIA staking, Celestia’s impact on the crypto space, and the broader implications for investors seeking to navigate this dynamic landscape.

Reasons To Stake TIA

Staking TIA offers a multifaceted investment strategy, combining an attractive Annual Percentage Rate (APR), potential airdrop eligibility, and the broader positive trajectory of the Celestia platform. Taking a closer look at TIA staking, investors are drawn by the appealing APR, often exceeding 10%. 

However, it’s essential to note that the choice of validator plays a crucial role in determining the staking rewards. As the Celestia platform continues to innovate and gain prominence, the allure of TIA staking is further heightened.

Celestia’s commitment to enhancing scalability and data availability. This, in turn, has led to increased demand for TIA, solidifying its position as a valuable asset within the crypto market.

Celestia’s unique utility and game-changing capabilities have positioned it as a frontrunner in the blockchain space. As a result, any new chain looking to launch and conduct a successful airdrop finds integrating TIA stakers as an effective strategy to garner attention. This is particularly true for projects building on the Celestia platform, where TIA’s association adds a layer of credibility and visibility

The association of TIA with projects like Dymension, where TIA stakers met airdrop eligibility criteria, underscores the growing trend of projects leveraging TIA stakers for increased visibility and credibility. As more projects within the Celestia chain ecosystem emerge, the potential for additional airdrops targeted at TIA stakers becomes increasingly promising.

While this analysis sheds light on the potential benefits of staking TIA, it’s crucial to acknowledge the ever-changing nature of the crypto market. Therefore, individuals considering TIA staking should conduct thorough research and stay updated on market trends to make informed decisions. 

Exchanges to Buy Celestia (TIA)

To embark on the journey of acquiring TIA, one can explore various prominent exchanges where TIA is listed. Platforms such as Binance, Kucoin, OKX, and Bybit offer a convenient gateway for purchasing TIA. 

Celestia

A critical component of the staking process is securing a Keplr wallet. The Keplr wallet is an essential tool for managing and staking TIA securely. Users can download the wallet, create a new wallet by saving the seed phrase, and take precautions to safeguard their keys. The importance of protecting access to one’s crypto assets cannot be overstated, as the security of the Keplr wallet directly correlates with the safety of the stored TIA holdings.

How to Get Your TIA Wallet Address

Go to your Keplr wallet and get your TIA address. You can get it by typing TIA in the search bar, but if it’s not available, you have to make it available.

Click on the hamburger sign at the top left corner:

TIA

Click on Manage Chain Visibility next, type TIA, enable it, and Save it:

Celestia 2

Go to your wallet dashboard and copy your TIA address, remember, the address is supposed to start with “Celestia”. Go to your crypto exchange and send TIA to that address. 

The process of obtaining TIA is straightforward, with the cryptocurrency available across major exchanges. Additionally, users can explore the option of bridging from other Cosmos chains, such as converting ATOM on the Cosmos chain or INJ on the Injective chain to TIA.TIA 2

Once TIA is secured in the Keplr wallet, staking becomes the next logical step. Users can access the Celestia Staking dashboard on Keplr, choose a validator based on their preferences, and stake their TIA accordingly. Choosing a validator that offers a high percentage of rewards is best.

It’s important to note that unstaking TIA involves a 21-day processing period, requiring users to plan their actions accordingly. 

Protect Your Staked TIA

Securing a Keplr wallet is paramount for those looking to engage in TIA staking. The wallet serves as a secure tool for managing and staking TIA, requiring users to download it, create a new wallet with a saved seed phrase, and take necessary precautions to safeguard their private keys. 

Never store your seed phrase in a place where it can be accessed on the internet. Do not copy your seed phrase on your device. It is best to write down your seed phrase on a piece of paper and keep it in a place only you can access.

CONCLUSION

It’s crucial to emphasize that the information provided here is not financial advice, but rather an analysis of the current trends in the crypto market. However, the logic behind acquiring TIA and staking is compelling. 

The demand for TIA has been on a consistent uptrend, driving its value from an initial $2.2 to well over $10. The combination of robust staking rewards and the prospect of participating in airdrops makes TIA an enticing asset for investors looking to maximize their returns.

TIA price chart from Tradingview.com (Celestia Network how to stake)

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Celestia Adds 35% More To Its Value As TIA Guns For $20

One of the cryptocurrencies with the strongest performance over the last several months is TIA, the governance token of Celestia. A few points above its previous record high of $15.20, it surged to a new high of $16.15 today.

To the delight of traders and investors, the altcoin’s value has increased by over 35% during today’s rise, according to statistics from Coingecko. This strong performance puts TIA on track to hitting its $20 target. Since October of last year, when TIA was at its lowest, it has increased by more than 500% overall.

Following the mainnet’s activation and the airdrop of tokens to 580,000 users on October 31, 2023, TIA has experienced remarkable growth. The modular blockchain cryptocurrency has increased in value since its launch by over 460%, from its $2.10 start price to over $16 at present.

TIA’s Market Dynamics

To begin with, Celestia is a relatively new platform offering modular options for data availability. It seeks to scale a blockchain network as its user base increases by doing that. On its website, Celestia lists some of the companies that now use it, including Near Protocol, Arbitrum Orbit, Cartesi, and Cosmology.

Because of its substantial market capitalization, TIA has demonstrated great liquidity, which has improved trading conditions for investors. For over two weeks, the token’s price has likewise been fluctuating between $14 and $15.

One of two things will happen while TIA trades in this range: either a bounce that results in an exponential rally or a pullback that results in a sharp correction.

The main obstacle facing investors in Celestia is the significant dilution they might anticipate in the upcoming years. Coingecko data shows there are currently over 145 million units in circulation out of a potential supply of over 1 billion units.

According to data from MintScan, the altcoin had a poor start to on-chain activity, enabling just 510,000 transactions in the first two days.

But when traders’ interest increased, the price of TIA rose as well, and eventually, on-chain activity increased as well. Since its launch on October 31, 2023, the network has enabled over 6.6 million transactions, according to MintScan data.

Relative Strength Index (RSI) for TIA is currently at the halfway point, indicating that a bounce might occur. Additionally, the Awesome Oscillator (AO) declines in direction of the zero mean level.

2024 Uptick Despite Declines

Meanwhile, Santiment data shows that in just two weeks, Celestia’s activity increased by 85%. Based on data, these metrics have begun to increase in 2024, despite the recent decline in social traffic and development activity.

When more than 175 million tokens come online in October, the next Celestia token unlock will take place, according to TokenUnlocks. Since token unlocks add to the total quantity of tokens in circulation, they are viewed as extremely negative.

While Celestia’s impressive price hike and TIA’s ambitious target paint a rosy picture, it’s crucial to remember that the crypto market is notoriously volatile. Investors should remain cautious and conduct thorough research before diving headfirst into this dynamic space.

Nevertheless, Celestia’s underlying technology and the growing traction of its interoperability solutions undoubtedly warrant close attention. The next few months could be pivotal for modular blockchains, and Celestia is undoubtedly at the forefront of this movement.

Featured image from Pexels

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2023’s Crypto Bounty: These Top 13 Airdrops Distributed Over $4 Billion

023 has emerged as a significant year for crypto airdrops. A recent analysis revealed that out of the 50 most substantial crypto airdrops since 2020, 13 occurred in 2023, collectively distributing roughly $4.56 billion worth of tokens.

These figures are calculated based on the tokens’ values at their respective all-time highs (ATHs), painting a picture of substantial distribution.

The year 2023’s airdrop landscape was less crowded than 2021, which had 18 entries in the top 50, but the impact was notable. A report from CoinGecko highlights this trend shift, contrasting it with the mere 5 airdrops in 2020 and 14 in 2022.

Arbitrum Leads 2023’s Airdrop Charge

Arbitrum, an Ethereum layer 2 scaling solution, topped the 2023 airdrop chart by distributing ARB tokens valued at $1.96 billion on March 23. This move significantly impacted its total value locked (TVL), which surged by 147% during the anticipation period.

This airdrop alone constituted a substantial portion of the total value distributed in the year. Celestia, with its TIA tokens, followed suit, distributing $728 million on October 31.

The airdrop targeted a diverse group, including developers, Ethereum rollup users, and stakeholders in the Cosmos Hub and Osmosis.

Blur’s first airdrop, which handed out $446 million worth of BLUR on February 14, ranked third. The success of this initial airdrop set the stage for a second, which distributed an additional $327 million, ranking fourth.

Crypto airdrops in 2023.

A Closer Look At 2023’s Crypto Airdrop Trends

While Arbitrum, Celestia, and Blur’s first airdrop made up 69.9% of the total airdrop value in 2023, the year saw diverse contributions across the sector. Jito, Worldcoin, Aidoge, and other projects followed, each adding to the cumulative value and diversity of the airdrops.

The total value distributed in 2023 may have seen a decline compared to 2022, but it’s essential to consider the market cycles these newer tokens have experienced.

Unlike earlier tokens which saw the 2021 bull market and the 2022 non-fungible token (NFT) market surge, many of 2023’s airdropped tokens are yet to undergo a full bull market cycle.

In terms of performance, Arbitrum and Worldcoin have shown significant gains, with ARB rising by 22% in the past week to trade at $1.33, at the time of writing and WLD by over 60% in the past two weeks to trade at $3.86, at the time of writing.

Arbitrum (ARB) price chart on TradingView

Celestia and Blur follow closely in terms of price appreciation, with both tokens up by 10.7% and 5.7% respectively in the past 7 days.

Conversely, Jito, despite being the newest among them, has seen a dip in its value down by 9.4% in the past two weeks but shows signs of recovery in the past week, up by 9%, illustrating the dynamic and often unpredictable nature of token valuations post-airdrop.

Featured image from iStock, Chart from TradingView

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Celestia Loses Momentum: Anticipating A Rebound Post 11% Dip

Celestia witnessed a notable decrease in its price over the current week, indicating the conclusion of its recent upward trend. Celestia’s total market capitalization dropped below $800 million as a result of this decrease.

Tuesday’s low for TIA was $5.4, the lowest since last week, and represented a significant 20% decline from the stock’s highest point earlier this year. TIA, currently trading at $5.85, has shed 11% in the last 24 hours, based on latest data.

Celestia Tallies Over 200% Rally

After becoming public in October, the TIA token experienced a remarkable 232% increase, peaking at $7.50. Celestia’s overall market capitalization was close to $1 trillion at its peak.

Celestia had been a notable performer in the cryptocurrency industry before the current setback, especially after its successful airdrop earlier in the year.

With minimal sell pressure disrupting the members’ enthusiasm, Celestia accomplished what prior airdrops, like Arbitrum, were unable to: TIA mounted a prolonged upward move after the airdrop distribution.

Significant upward trends in key cryptocurrencies such as Tron, Solana, and Bitcoin were the reason for Celestia’s success in the wider crypto sector. Generally speaking, airdrops work best when cryptocurrency values are rising.

Meanwhile, Celestia’s price is going up to retrace back into the breakout channel. Its native token, Buyers quickly picked up on the retracement dump, which put the Celestia price back above the important lower trendline support in the breakout trade channel.

During the pullback, there was a second indication of a supply zone between $4 and $5, which suggests that this could be the bottom of a new range below $7.

Celestia bills itself as the first blockchain network that is modular and evolves with the amount of users within its ecosystem. This facilitates the cost-effective and simple launch of blockchains.

Growing Ecosystem

The ecosystem of Celestia is still tiny yet expanding. A few components of its ecosystem are Aether Games, Berachain, Cartesi, Astria, and CosmWasm. However, as of late, there hasn’t been any significant activity on the chain, subdued its activity.

Celestia is a modular blockchain that can grow with the needs of its users in an efficient manner. Since its debut, it has expanded dramatically, and most recently, the Celestia cryptocurrency recently tallied an impressive 170% price surge that generated a lot of interest in it.

With support from OKX, the network just opened its mainnet and distributed airdrops to more than 190,000 users, even though over 610,000 users were qualified.

TIA Could Hit $10

According to the on-chart data, its market valuation of nearly $795 million places it as the 64th largest cryptocurrency at the moment. Analysts believe that Celestia’s price might reach as high as $10.59 by the first quarter of 2024, despite its most recently declines.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from Adam Krypel/Pexels

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Celestia Strikes: How This Lesser-Known Coin Went Berserk With 126% Price Explosion

Celestia (TIA) has hit an all-time high, making waves in the world of cryptocurrency. It’s the first-ever modular blockchain network, which basically means it’s a new kind of technology that’s changing how blockchains are created and used.

At the time of writing, TIA was trading at $5.25, and registering an impressive 126% increase in the last seven days, data from Coingecko shows. However, the token sustained a 12.7% loss in the last 24 hours.

Celestia’s unique method separates different parts of the blockchain process, making it easier to set up individual blockchains. This innovation has pushed Celestia to the forefront of the evolving world of blockchain technology.

With a market cap exceeding $691 million, Celestia has quickly become one of the fastest-growing blockchains. The network, backed by OKX, recently launched its mainnet and issued an airdrop to over 190,000 people, despite having 610k eligible recipients.

The price of Celestia TIA had a significant decline during the past two days, dropping from its top of $6 on Monday to a low of $4.21. However, the price rebounded on Tuesday morning. The current value of the token is nearing the significant halfway point to $5.50.

According to Santiment’s data, the trading volume of TIA has demonstrated positive advancements from November 11th. As of the current moment, the trading volume stands at $751.37 million. This was a level of value that had not been approached since its initial introduction.

A significant level of trading volume serves as an indicator of heightened liquidity allocation towards a token, along with a corresponding level of market interest.

When examining the impact on price, an upward trend in volume, coupled with a concurrent rise in price, has the potential to reinforce the direction of price movement.

On the flip side, Celestia’s online buzz has decreased significantly, dropping by 55.5% in the last day, according to data from Santiment. Despite this decline in social media chatter on platforms like Twitter, Telegram, and Reddit, Celestia remains prominently featured on CoinMarketCap.

This drop in social volume comes after the platform launched its mainnet on October 31, distributing TIA tokens to 580,000 eligible users through an airdrop.

The TIA token has grown remarkably, rising by 154% from its starting price of roughly $2.1, or 135% over the last week, despite a decline in online discussions.

The asset’s listing on Binance has added to its momentum, showcasing promising solutions for scalability that competitors like Ethereum (ETH) and Solana (SOL) have struggled to deliver to their users.

Taking a conservative approach, it is possible that TIA may reach approximately $11 by the end of the year. This scenario postulates that the ongoing upward trend will soon come to an end, leading to a subsequent phase of correction.

In an ideal scenario, a regression towards the $3.40 region might establish the foundation for a more significant upward movement, potentially attaining a value of $10 during the third wave and beyond $11 subsequent to a consolidation in the fourth wave.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from NASA