Key Takeaways
The Celestia (TIA) crypto platform was one of the most anticipated releases in 2023, and its native token has performed well since its October 2023 launch. The increase continued at the start of 2024, with the price reaching a new all-time high in February.
However, TIA has plunged since then and fallen outside the top 50 largest cryptocurrencies.
Nevertheless, there have been some signs of a recovery, although an upcoming token unlock could prove problematic.
On Oct. 23, 2024, Celestia was worth about $5.95.
Let’s examine our price predictions for TIA, made on Oct. 23, 2024. We will also examine the TIA price history and discuss what Celestia is and does.
CCN used the wave count method to form its Celestia crypto price predictions. To refine our forecasts and establish the maximum and minimum TIA price predictions, we’ve added 20% to the targets.
Minimum TIA Price Prediction | Average TIA Price Prediction | Maximum TIA Price Prediction | |
---|---|---|---|
2024 | $24.80 | $31 | $37.20 |
2025 | $8 | $9.50 | $11 |
2030 | $44 | $55 | $66 |
The most likely wave count suggests that TIA has completed a five-wave increase (white) and then an A-B-C correction (white) starting from its launch. In the upward movement, wave five developed into an ending diagonal, and wave A:C had close to a 1:1 ratio.
If the ensuing increase has the same duration and magnitude as the first one, TIA will reach a high of $41.60 in December. Then, we can project a similar decline after the February 2024 all-time high.
If it happens, it would lead to a low of $5.40.
During this decrease, the wave count method leads to a TIA price prediction of $31 for the end of 2024.
Because of the lack of price history, we cannot confidently predict further ahead of the July low.
So, we will use the rate of increase from launch to this projected bottom to arrive at our TIA price prediction for 2025 and 2030.
It is worth noting that since this prediction is based on another projection, it is derivative and likely to be more speculative than a regular prediction.
From its October launch to the July 2025 bottom, TIA is forecasted to increase at a daily rate of 0.33%. Projecting this increase until the end of 2025 and 2030 leads to TIA price predictions of $9.5 and $55, respectively.
Our wave count method predicts a TIA price range of $24.8 and $37.20 by the end of 2024.
Our wave count method leads to a TIA price prediction range of $8 to $11 for the end of 2025.
Using the daily rate of increase since launch, we arrive at a TIA price prediction range of $44 to $66 for the end of 2030.
The daily time frame chart shows that TIA has increased since falling to a low of $3.72 on Sept. 6. The upward movement caused a reclaim of the $4.60 horizontal support area, creating a higher low in October.
TIA has increased since and reached a descending resistance trend line on Oct. 14. After a failed breakout attempt (black icon), TIA is gearing up for another one. If it is successful, there will be more than $7.50, but the main resistance area will be $11.80.
Technical indicators lean bullish but are not decisive in determining the trend’s direction. The Relative Strength Index (RSI) just bounced above 50 while the Moving Average Convergence/Divergence (MACD), is above 0 but trending downward.
As a result, a breakout is the most likely outlook.
The TIA price prediction for the next 24 hours is bullish. It predicts an upward movement to the resistance trend line and an eventual breakout.
If this happens, the TIA price will likely increase to the next resistance at $7.50.
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 Oct. 23, 2024, the RSI was at 53, which suggests that the TIA market is in an accumulation stage, heading toward a somewhat bullish trend.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Oct. 23, 2024, Celestia’s ATR is 0.169, implying low volatility.
The CCN Index uses various indicators to determine a cryptocurrency’s price momentum.
On Oct. 23 2024, TIA scored 30.6% on the CCN Index, suggesting weak price momentum.
We looked at the TIA price history and found the times when the price was at its lowest across certain days, months, and quarters in the year, indicating the best times to buy Celestia.
Time to Buy TIA | Best Days, Weeks, Months and Quarters |
---|---|
Best Day | Saturday |
Best Month | November |
Best Quarter | Fourth |
Next, look at some 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.
Time period | Celestia price |
---|---|
Last week (Oct. 16, 2024) | $6.40 |
Last month (Sept. 23, 2024) | $6.71 |
Three months ago (July 23, 2024) | $7.30 |
Launch price (Oct. 31, 2023) | $2.03 |
All-time high (Feb. 10, 2024) | $20.91 |
All-time low (Oct. 31, 2023) | $2.03 |
The market capitalization, or market cap, is the sum of the total number of TIA in circulation multiplied by its price.
On Oct. 23, 2024, Celestia’s market cap was around $1.3 billion, making it the 58th-largest crypto by that metric.
Supply and distribution | Figures |
---|---|
Total supply | 1,078,246,575 |
Circulating supply as of Oct.23, 2024 | 219,290,103 (20.33% of total supply) |
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 is because transaction validity rules can be decoupled from consensus rules.”
The Celestia platform helps people build their own blockchains. It does so by using a modular approach to blockchain creation. In other words, rather than having one monolithic blockchain, it allows people to create the parts of the blockchain they need. Different blockchains created with Celestia perform separate functions, which, at least in theory, means that they can carry out their functions quickly.
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.
Celestia’s chains are called sovereign roll-ups. 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, and holders have the right to vote on changes to Celestia. People can also buy, sell, and trade it on exchanges.
Because Celestia is currently based on the Cosmos blockchain, it is a token rather than a coin. You might see references to things like a Celestia coin price prediction, but technically speaking, these are wrong.
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 releases TIA regularly could cause the token to underperform.
We will have to see where the predicted upturn will take place.
As always with crypto, you should do your own research before deciding whether or not to invest in TIA.
No one can really tell right now. While the Celestia crypto price predictions are primarily positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
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 must also ensure you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
It could do, but not for a while. Price predictions based on technical analysis don’t expect it to reach a triple-figure valuation before at least the 2030s.
Keep in mind that TIA has never traded at $100.
TIA token holders can vote on changes to the Celestia network. People can also buy, sell, and trade it on exchanges.