Celestia’s Price Decrease Indicates End of Upward Trend
The price of Celestia has seen a significant decrease in the past week, signaling the end of its recent upward trend. This decline has led to the cryptocurrency’s total market capitalization dropping below $800 million, marking a notable shift in its value.
Tuesday’s low for TIA was $5.4, the lowest since last week, reflecting a 20% decrease from its highest point earlier this year. Currently trading at $5.85, TIA has experienced an 11% drop in the last 24 hours, according to the latest data.
Celestia’s Impressive 232% Rally
Following its public release in October, the TIA token witnessed a remarkable 232% increase, reaching a peak of $7.50. At its highest point, Celestia’s overall market capitalization was close to $1 trillion, making it a noteworthy performer in the cryptocurrency industry.
Celestia’s success after its airdrop earlier in the year, along with minimal sell pressure, led to a prolonged upward move, earning the token an impressive 170% price surge that garnered significant interest.
Even with over 610,000 qualified users, the network distributed airdrops to more than 190,000 users following the opening of its mainnet, with support from OKX.
TIA’s Potential to Reach $10
With a current market valuation of nearly $795 million, Celestia ranks as the 64th largest cryptocurrency. Despite its recent declines, analysts predict that Celestia’s price could potentially reach as high as $10.59 by the first quarter of 2024.
Hot Take: The Future of Celestia’s Price
Celestia’s recent decline may seem concerning, but the cryptocurrency has shown resilience in the past. With its potential to reach $10 in the future, Celestia continues to attract attention and interest in the cryptocurrency market. Keep an eye on Celestia’s performance in the coming months to see if it can rebound from its current setbacks and reach new heights.
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