There is speculation that Celestia’s Airdrop will be launched on the mainnet today, October 31st, at 2 PM UTC. Let’s delve into the details.
What Should You Do With TIA?
Celestia is a modular blockchain, similar to other platforms like Arbitrum, Optimism, ZK Sync, Starknet, and Scroll. Arbitrum and Optimism have a market cap of $1.2 billion each. Celestia will have a total supply of 1 billion TIA tokens at Genesis, resulting in a fully diluted market cap of $2 billion.
However, this market cap is considered overvalued and is expected to decrease as vesting begins. The selling pressure will be increased by the fact that 33% of the tokens belong to venture capitalists (VCs).
More about Celestia’s Airdrop
Celestia is likely to follow a similar pattern to Aptos in terms of performance. This means there will be an initial listing pump followed by a correction of 50-60% and then sideways movement. It is advisable to take profits at any price above $4 and sell tokens immediately if there is a listing pump of 60% or more.
If not, it is recommended to sell tokens in four parts: 25% at the time of listing, another 25% during the first pump (usually within a day), another 25% within one week, and hold the last portion if the token finds support at $2 for a potential bull run.
Celestia’s Use Cases and Latest Announcements
Celestia is a modular data availability network that allows users to easily establish their own blockchain. They have made several important announcements:
- Blobstream: Introduces modular data availability streaming to Ethereum.
- Vimana CLI: A free and open-source tool for streamlining node operations across multiple networks.
- Partnership with Lumoz.
- The Genesis Drop concluded with over 191,000 claims.
- Integration with Cosmos, among other news.
Hot Take: OTC Deals Indicate $TIA Listing at $2
Considering the anticipation of Celestia’s mainnet launch and its integration with Arbitrum, there is a high likelihood that the token will be listed at $2. This prediction is supported by OTC deals. Keep an eye on the developments surrounding Celestia as it moves forward in the crypto space.
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