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Celestia Price Prediction 2024: TIA Price Analysis

Last Updated July 3, 2024 3:10 PM
Giuseppe Ciccomascolo
Last Updated July 3, 2024 3:10 PM

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 and shot up 20% in 2024.
  • What’s next for TIA?
  • One Celestia price prediction says the token can reach $14.31 next year.

The Celestia crypto platform was one of 2023 most-anticipated releases, and its native TIA token has performed well since its October 2023 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.

Although TIA is outside of the the top 50 cryptos by market cap, it managed to surge in mid-2024.

Celestia did not 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 July 3, 2024.

Celestia Price Prediction

Let’s examine some of the Celestia price predictions CCN.com made on July 3, 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.

Minimum TIA Price Prediction Average TIA Price Prediction Maximum TIA Price Prediction
2024 $4.96 $11.55 $12.12
2025 $11.87 $13.79 $14.31
2030 $37.33 $40.96 $41.42

Celestia Price Prediction for 2024

If the positive momentum continues and TIA breaks above its moving averages, it could reach targets between $4.96 and $12.12 by the end of 2024, with the average price set at $11.55.

Celestia Price Prediction for 2025

Technical analysis suggests a potential increase for Celestia in 2025. The minimum TIA price expected for 2025 is $11.87 while the maximum one is $14.31. On the other hand, the average forecast suggests it may reach $13.79.

Worldcoin Price Prediction for 2030

Based on technical analysis, the TIA token may reach a maximum level of $41.42 at the beginning of the next decade, while, in the worst scenario, it may go to $37.33. Meanwhile, the average expected price is $40.96.

Celestia Price Analysis

Based on Celestia’s historical price movements and the BTC halving cycles, the yearly low price prediction for Celestia in 2025 is estimated at $5.85. Meanwhile, Celestia’s price is expected to reach as high as $27.65 next year. Here is the yearly price prediction for Celestia up until 2030 based on the same analysis.

According to our technical indicators, Celestia’s 200-day SMA is projected to decline to $12.56 by August 2, 2024, while the short-term 50-day SMA is expected to reach $9.71 by the same date.

Celestia price analysis
Celestia price analysis. | Credit: Giuseppe Fabio Ciccomascolo/TradingView

Short Term Celestia Price Prediction

Celestia’s price prediction for the next 24 hours shows an increase to $7.32 while the TIA’s price is expected to increase by 227.88%, reaching $19.19 by August 2, 2024. Despite this forecast, technical indicators show a Bearish sentiment, and the Fear & Greed Index stands at 50 (Neutral).

Over the past 30 days, Celestia has experienced 10 out of 30 (33%) green days and a price volatility of 21.30%. Based on this forecast, it is currently a bad time to buy Celestia..

Celestia Fear & Greed Index

Fear and greed indicator
Fear and greed indicator. l Source: BitDegree

The Fear & Greed Index measures the market sentiment on a scale from 0 (Extreme Fear) to 100 (Extreme Greed). It aggregates factors such as volatility, market momentum/volume, social media activity, dominance, and trends to provide a sentiment overview. Extreme fear can suggest investors overly worry, potentially presenting a buying opportunity, whereas extreme greed indicates excessive bullishness, often signaling an imminent market correction. On July 3, 2024, the Fear & Greed Index Measured 50, suggesting it’s in a neutral zone, in line with the indicator for the wider crypto world.

Celestia Relative Strength Index (RSI)

Celestia RSI
Celestia RSI. l Source: Giuseppe Fabio Ciccomascolo/TradingView

The Relative Strength Index (RSI) is a momentum indicator that helps determine whether an asset is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish. On July 3, 2024, the Worldcoin RSI was at 32, which indicates that the TIA market is in a neutral position.

Celestia Price Performance Comparisons

Current Price One Month Ago Price Change
Celestia $5.61 $11.0328 -49%
Injective $21.16 $25.6985 -18%
Sei $21.16 $0.5125 -36%
Arbitrum $0.7688 $1.1321 -32%

Celestia Price History

Following that, let’s now take a look at some of the key dates in the Celestia price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Celestia price prediction.

Celestia price history
Celestia price in 2023 and 2024. | Credit: CoinMarketCap

 

Time period Celestia price
Last week (June 26, 2024) $6.6411
Last month (June 3, 2024) $11.0328
Three months ago (April 3, 2024) $12.06
Launch price (October 31, 2023) $2.2043
All-time high (February 9, 2024) $20.49
All-time low (October 31, 2023) $2.2043

Celestia Supply and Distribution

Supply and distribution Figures
Total supply 1,053,698,630
Circulating supply (as of May 29 2024) 194,742,158 (18% 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 users can achieve probabilistically with sub-linear complexity, without downloading the whole block. The amount of resources necessary to reach a consensus can thus be lower. This due to the fact that transaction validity rules can be decoupled from consensus rules.”

What Is Celestia?

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. 

Is Celestia a Good Investment?

It is hard to say at this early stage. The idea behind Celestia is interesting, 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.

FAQs 

How many Celestia are there?

As of July 3, 2024, there were about 194.7 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. Price predictions based on technical analysis don’t expect it to reach a triple-figure value before the next decade.

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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