Celestia Price Prediction 2024: Will TIA Fight Back?
What's next for Celestia?
Key Takeaways
- The Celestia platform’s TIA was officially launched in October 2023.
- The crypto is close to the top 50 cryptos by market cap.
- Can TIA build on its encouraging start?
- One Celestia price prediction says the token can reach $39.31 next year.
The Celestia crypto platform has become one of 2023 most-anticipated releases, and its native TIA token has performed well since its October launch. With more and more TIA released onto the market every day, though, it might be that the crypto could lose some of its gains.
It decreased a bit recently, exiting the top 50 cryptos-chart by market cap. TIA is worth $10.30 on April 15, 2024.
Celestia did not immediately respond to a request for comment.
But what is Celestia (TIA)? How does Celestia work? Let’s see what we can find out, and also take a look at some of the Celestia Price Predictions that were being made as of April 15, 2024.
Celestia Price Prediction
Let’s examine some of the Celestia price predictions being made on April 15, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.
| 2024 | 2025 | 2030 | |
|---|---|---|---|
| Prediction #1 | $22.81 | $26.93 | $77.93 |
| Prediction #2 | $28.96 | $39.31 | $91.02 |
| Prediction #3 | $14.36 | $20.99 | $146.77 |
First, CoinCodex had a short-term Celestia price prediction that said the token would drop to $21.21 on April 20 before recovering somewhat to reach $53.39 on May 14. The site’s technical analysis was bearish, with five indicators sending bullish signals and 15 making discouraging ones.
Celestia Price Prediction for 2024
DigitalCoinPrice said that TIA could reach $22.81 this year. Bitnation claimed the token could be worth $28.96 at that time. PricePrediction.net argued it would be worth $14.36 in 2024.
Celestia Price Prediction for 2025
Moving on, DigitalCoinPrice said that Celestia would be worth $26.93 next year. Bitnation’s Celestia price forecast had it reach $39.31 then. PricePrediction.net said TIA would trade at $20.99 in 2025.
Celestia Price Prediction for 2030
Looking at a more long-term Celestia price prediction, DigitalCoinPrice said that the token would trade at $77.93 in 2030. Bitnation thought it would reach $91.02 that year. PricePrediction.net’s TIA price prediction said it would be worth $146.77 at the start of the next decade.
Google BardAI Price Prediction for Celestia (as of April 15)
Google’s BardAI platform gave the following prediction for Celestia on April 15. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligence price predictions are predicated on past performances and are in no way entirely accurate.
Short-Term (Next 3 Months):
- Expected Price: $47.49
- Factors to Consider:
- Celestia’s Development and Adoption: News and developments on the Celestia network could impact its price.
- Overall Crypto Market Trends: The broader cryptocurrency market can influence the price of individual coins like Celestia.
- Regulations: Regulatory changes could affect the entire crypto market, impacting Celestia as well.
Medium-Term (Next 6 Months):
- Expected Price: $55.59
- Factors to Consider:
- Overall market sentiment: If the general cryptocurrency market experiences a bull run, Celestia could see its price rise alongside other coins.
- Developments on the Celestia network: New features, partnerships, or positive news about Celestia could increase demand for the token and drive the price up.
- Regulations: Regulatory changes from governments could impact the entire cryptocurrency market, including Celestia.
Long-Term (Next 5 Years):
- Expected Price: $96.464
- Factors to Consider:
- Adoption of the Celestia network: If more developers and users adopt Celestia, it could drive up demand for TIA tokens.
- Developments in the blockchain industry: The overall health and growth of the blockchain industry could also impact Celestia’s price.
- Regulations: Government regulations on cryptocurrencies could create uncertainty and affect Celestia’s price.
Recent Updates from Celestia
On March 7, 2024, Celestia announced it is going to collaborate with Injective to launch the first-ever EVM with composability across Cosmos & Solana with Celestia underneath.
TIA Price History
Now, let’s examine the, admittedly brief, Celestia price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret a Celestia price prediction.
Celestia first came onto the open market on October 31, 2023, when it was worth $2.10. The price hovered around that level for the first 10 days or so of trading. On November 10, the token entered a bullish phase, peaking at $7.38 on November 18. Since then, the price of TIA has dropped, with the crypto market shaken by the news that American officials had issued the Binance crypto exchange with a record fine. By November 27, Celestia was worth $5.30.
The token shot up in December, reaching an all-time high of $15.14 on December 24 and closing the year at $11.86. By January 4, it was worth about $13.75. It then jumped over $19 in February and almost reached $20, before retracing a bit to $16.23 on March 11, 2024. On April 15, 2024, it’s worth $10.31.
At that time, there were 177.4 million TIA in circulation, out of a total supply of just over one billion. This gave the token a market cap of about $1.83 billion, making it the 54th largest crypto by that metric.
Celestia Price Analysis
Since it entered the market at $2 on November 1, 2023, TIA has exhibited a steady climb, reaching $21 by February 10. However, after this a trend shift occurred. On April 13 TIA fell to $7.40, resulting in a 65% decrease since its all-time high.
Looking ahead, two scenarios are plausible. We could see the start of a next major uptrend. However, because the price is still in its descending channel, the price drop might continue further.
This descending channel could be its first bull cycle correction in a bullish scenario and the first sign of confirmation would come as a breakout from its resistance level. If that happens TIA could be on the path of achieving a new all-time high in its next advancement.
But should we see a rejection following a larger drop, TIA could continue decreasing to $5 at its first potential target.
Is Celestia a Good Investment?
It is hard to say at this early stage. The idea behind Celestia is an interesting one, and it has won some pretty influential support in the run-up to its launch. However, the way that Celestia is releasing TIA on a regular basis could end up making the token underperform. We also will need to see how the crypto market responds to its latest crisis.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in TIA.
Will Celestia go up or down?
No one can really tell right now. While the Celestia crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Should I invest in Celestia?
Before you decide whether or not to invest in Celestia, you will have to do your own research, not only on TIA, but on other, related, coins and tokens such as Optimism (OP). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
Who is the Founder of Celestia?
University College London (UCL) computer science PhD student Mustafa Al-Bassam founded Celestia and serves as its CEO.
Who Owns the Most Celestia (TIA) Coins?
On April 15, 2024, one wallet held 77.24% of the supply of TIA.
Richest TIA Wallet Addresses
As of April 15, 2024, the five wallets with the most TIA were
- 0xeb8762b616e88147d33bcceb6c20398f8d8c8b0b. This wallet held 780,136,741 TIA, or 77.24% of the supply.
- 0x2102ce308b2ffdc5d83833bc1e4fc44a46f411e7. This wallet held 94,304,023 TIA, or 9.34% of the supply.
- 0xe4bd1c917d74e3220a408ef9ba2b3e213fe17d2a. This wallet held 32,031,104 TIA, or 3.17% of the supply.
- 0xbc4e4069b1cb2fc1256a2bf454ae3affb4e05a4d. This wallet held 14,461,102 TIA, or 1.43% of the supply.
- 0x000000000000000000000000000000000000dead. This wallet also held 3,797,280 TIA, or 0.38% of the supply.
Fact Box
| Supply and Distribution | Figures |
|---|---|
| Total supply | 1,036,383,562 |
| Circulating supply (as of April 15, 2024) | 177,427,089 (16% of total supply) |
| Holder distribution | Top 10 holders owned 94% of total supply, as of April 15, 2024. |
From the Whitepaper
In its technical documentation, or whitepaper , Celestia says its LazyLedger ledger is designed to make things quicker.
It says: “As the core function of the consensus system of a distributed ledger is to order transactions and ensure their availability, consensus participants do not necessarily need to be concerned with the contents of those transactions. This reduces the problem of block verification to data availability verification, which can be achieved probabilistically with sub-linear complexity, without downloading the whole block. The amount of resources required to reach consensus can thus be minimized, as transaction validity rules can be decoupled from consensus rules.”
Celestia (TIA) Explained
The Celestia platform helps people build their own blockchains. It does so by using a modular way of blockchain creation. In other words, rather than having one single, monolithic, blockchain, it allows people to create the parts of the blockchain that they need. Different blockchains created with Celestia perform separate functions which, at least in theory, means that they can carry out their functions quicker.
It uses a program called LazyLedger to help it do this.
Celestia is based on the Cosmos (ATOM) blockchain, and is powered by the TIA token.
How Celestia Works
Celestia’s chains are called sovereign roll-ups. According to Celestia, they “are convenient to launch like layer 2s with the added sovereignty that layer 1s enjoy”.
The TIA token pays for transactions on the network, with holders having the right to vote on changes to Celestia. People can also buy, sell and trade it on exchanges.
Because, at the moment, Celestia is based on the Cosmos blockchain, it is a token, rather than a coin. You might see references to such things as a Celestia coin price prediction, but these are, technically speaking, wrong.
Celestia Attention Tracker
Here is a chart for Celestia’s Google search volume for the past 90 days. This represents how many times the term “Celestia” has been Googled over the previous 90 days.
FAQs
Will Celestia reach $100?
It could do, but not for a while. Both PricePrediction.net and Bitnation think it can get there in 2029. DigitalCoinPrice says it will reach three figures in 2030.
Keep in mind that TIA has never traded at $100.
What is Celestia used for?
TIA token holders can vote on changes to the Celestia network. People can also buy, sell, and trade it on exchanges.
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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