Home / Crypto Analysis / Price Predictions / Celestia Price Prediction 2024: TIA Wobbles After All-Time High, but Can it Recover?

Celestia Price Prediction 2024: TIA Wobbles After All-Time High, but Can it Recover?

Last Updated February 5, 2024 2:11 PM
Peter Henn
Last Updated February 5, 2024 2:11 PM

Key Takeaways

  • The Celestia platform’s TIA was officially launched in October 2023.
  • The crypto has already found its way into the top 50 cryptos by market cap.
  • Can TIA build on its encouraging start?
  • One Celestia price prediction says the token can reach $47.14 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.

Celestia did not immediately respond to a request for comment.

On February 5, 2024, Celestia was worth about $13.50. 

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 February 5, 2024.

Celestia Price Prediction

Let’s examine some of the Celestia price predictions being made on January 4 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 $28.97 $33.05 $101.27
Prediction #2 $33.67 $47.14 $114.49
Prediction #3 $19.86 $28.57 $192.32

First, CoinCodex  had a short-term Celestia price prediction that said the token would drop to $11.91 on January 9 before recovering somewhat to reach $12.58 on February 3. The site’s technical analysis was bullish, with 14 indicators sending upbeat signals and just one making a bearish ones. 

Celestia Price Prediction for 2024

DigitalCoinPrice  said that TIA could reach $28.97 this year. Bitnation  claimed the token could be worth $33.67 at that time. PricePrediction.net  argued it would be worth $19.86 in 2024. 

Celestia Price Prediction for 2025

Moving on, DigitalCoinPrice said that Celestia would be worth $33.05 next year. Bitnation’s Celestia price forecast had it reach $47.14 then. PricePrediction.net said TIA would trade at $28.57 in 2025. 

Celestia Price Prediction for 2030

Looking at a more long-term Celestia price prediction, DigitalCoinPrice said that the token would trade at $101.27 in 2030. Bitnation thought it would reach $114.49 that year. PricePrediction.net’s TIA price prediction said it would be worth $192.32 at the start of the next decade. 

Google BardAI Price Prediction for Celestia (as of February 5)

Google’s BardAI platform gave the following prediction for Celestia. As ever, remember that price predictions are very often wrong, and that artificial intelligence should not be fully trusted.

Short-Term (Next 3 Months):

  • Price Range: $11.50 – $14.50
  • Reasons:
    • Current market sentiment is mixed, with potential for both upward and downward trends.
    • Technical analysis suggests a possible bearish trend in the near future, with support levels around $11.50 and resistance around $14.50.
    • Upcoming development milestones and project updates could have a significant impact, either positive or negative.

Medium-Term (Next 6 Months):

  • Price Range: $10.00 – $17.00
  • Reasons:
    • Increased adoption of Celestia’s infrastructure for modular blockchains could drive demand for TIA.
    • Broader market factors, such as Bitcoin’s price, will likely influence the overall cryptocurrency market and therefore TIA.
    • Regulatory developments could impact the entire crypto landscape, affecting TIA along with other tokens.

Long-Term (Next 1-3 Years):

  • Price Range: $8.00 – $25.00
  • Reasons:
    • Success of modular blockchains and interoperability projects could significantly boost TIA’s value.
    • Expansion of the DeFi and Web3 ecosystem could create new use cases for TIA and increase demand.
    • Unexpected events or major technological breakthroughs could significantly change the price trajectory.

It added: “These are just possible scenarios, and the actual price of TIA could go much higher or lower than predicted. It’s crucial to do your own research and consider your risk tolerance before making any investment decisions.”

Recent Updates from Celestia

In mid-December, Celesita announced an integration with the Manta Network layer 2 scaling solution. Meanwhile, the platform now works with the Arbitrum (ARB) layer 2.

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.

TIA Price History
Celestia is the top 50 cryptos a little more than two months after it launched | Credit: CoinMarketCap

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.

At that time, there were 155 million TIA in circulation out of a total supply of just over one billion. This gave the token a market cap of about $2.1 billion, making it the 42nd-largest crypto by that metric. 

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?

Fact Box

Supply and Distribution Figures
Total supply 1,014,027,397
Circulating supply (as of February 5, 2024) 155,070,925  (15.29% of total supply)

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

TIA Google Search Volume
Celestia Google search volume chart | Credit: Google

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 

How many Celestia are there?

On February 5, 2024, there were 155 million TIA in circulation out of a total supply of just over one billion.

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.

Was this Article helpful? Yes No