Celestia’s [TIA] official premiere into the market came with so much optimism. But that is not a strange thing for newly-launched
Discussions around TIA were almost at par with those of Bitcoin and Solana. While it might be too early to conclude, the project seems to be showing a lot of promise.official premiere into the market came with so much optimism. But that is not a strange thing for newly-launched projects, especially those who built a solid community during the development phase.However, there has been an interesting twist to TIA’s entrance.
For Bitcoin and Solana, being atop the minds of market players was not surprising. Besides the price action, there have been interesting narratives like the spot ETF and growing commitment toOn-chain volume refers to the volume of coins sent from external sources to exchanges. Sometimes, the jump in this volume ends up having a negative effect on the values. But for TIA, it’s not the case especially as Binance housed the mainnet launch and first set of tokens acquired.
Therefore, the surge in volume could be said to be a sign of an increase in spot trading not a testament to potential selling pressure. Irrespective of that, traders might need to be wary of TIA’s price action. As it stands, there are comments around social media saying that Celestia’s has the potential to grow like Bitcoin and Solana. At the time of writing, TIA’sUsing AMBCrypto’s market cap calculator, TIA’s market cap would need to grow 45.72x to hit Solana’s market cap. In the same vein, the project would require 1806.40x to reach Bitcoin’s market cap.
In the short to mid-term, this projection seems very unlikely. However, Celestia should not be ruled out of exponential growth in the near future.Victor is a full-time journalist at AMBCrypto. Before his sojourn into the world of journalism, he was a “buy the top, sell the bottom” merchant while doubling as a sales funnel copywriter. Victor’s focus is the exciting on-chain landscape of the cryptocurrency market and its underlying technology.
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