Celestia (TIA) Token Becomes Target, Investors Expect Airdrop
Celestia Token (TIA) became one of the best performing crypto assets in 2023 with an increase of 600% since its launch on October 31, 2023. TIA at the beginning of 2024 is still seen to experience consistent increases and is now trading at US$16, up 38% in the last week. The consistency of TIA price increases is also in line with on chain activities. MintScan data shows that the network has so far facilitated 6.3 million transactions in the last 30 days.
Sebagai perbandingan, blockchain Cosmos memproses 2,4 juta transaksi dalam rentang waktu yang sama.
Airdrop Hope due to Staking The demand for TIA is also increasing due to the need to earn huge incentives in the Cosmos and Osmosis Ecosystem. Additionally, TIA staking comes with the expectation that projects integrated with Celestia will issue token airdrops, similar to how Solana's Jito and Marinade DeFi protocols reward users with tokens in December 2023. Quoted from Beincrypto, Head of Technical Strategy at Fundstrat, Mark L. Newton, provided an in-depth perspective on TIA's technical performance. He observed a rhythmic three-wave rise in TIA price movement, followed by an Elliott Wave style “4-wave consolidation.” The pattern suggests a bullish outlook for TIA, with a brief decline expected before stabilization. Newton's analysis underscores TIA's potential as a crypto asset with attractive risk rewards. Also read: Get to know Celestia, a Modular Blockchain Pioneer Celestia's uniqueness On the other hand, Celestia stands out by bringing a modular blockchain project with a scalable “data availability” solution, offering a modular network that increases scalability and enhances the developer experience. By separating the application and consensus layers, Celestia enables independent transaction execution on rollups while ensuring transparent data validation. This approach facilitates the creation of specialized, flexible, and efficient blockchains, thereby fostering a dynamic decentralized ecosystem. Similar to Zero-Knowledge proof Ethereum, Celestia uses lightweight nodes for minimal chain downloads. Celestia competes well against Arbitrum, which has been operational since May 2021. As adoption of Celestia progresses, its impact on pricing remains uncertain in an ever-evolving ecosystem.
