Celestia Coin (TIA) Price Prediction 2024: Up or Down?

Bittime - Celestia (TIA) launched in October 2023. The platform offers a fresh approach to blockchain development with its innovative modularity concept. 

However, behind this enthusiasm, what are the prospects for TIA prices in 2024? This is the prediction for Celestia coin (TIA) 2024. Will the price increase? Keep watching, OK!

What is Celestia (TIA)?

Celestia is not just another blockchain platform. It comes as a “modular” solution that allows developers to build their own blockchains more efficiently and flexibly. 

In contrast to traditional monolithic blockchains, Celestia breaks blockchain functions into separate modules. This allows for better scalability and customization.

The platform runs on the Cosmos (ATOM) blockchain and uses TIA tokens as its transaction fuel. In addition to paying network fees, TIA holders also have a say in the governance of the Celestia platform.

Read also: Celestia Will Undergo Lemongrass Upgrade

How Does Celestia (TIA) Work?

The heart of Celestia's innovation lies in the concept of "sovereign rollups." Different from regular layer-2 rollups, Celestia sovereign rollups offer the freedom and sovereignty of layer-1 blockchains, but with the ease of launch like layer-2.

Celestia uses LazyLedger technology to optimize the block verification process. With this approach, consensus participants only need to verify the availability of data, not the contents of the transaction as a whole. 

This significantly reduces the resources required to reach consensus, increasing network efficiency and scalability.

Celestia (TIA) Price History

TIA's price journey since its launch in October 2023 could be said to be quite volatile but promising:

• 2023: TIA experiences a significant price spike after its launch, closing the year at $11.84 (approximately IDR 184,704).
• 2024: February becomes TIA's golden month, reaching an all-time high of $20.49 (around Rp. 319,644). However, a sharp correction followed, with the price dropping to $5 (around IDR 78,000) in August.
• August 19, 2024: TIA is trading at $4.83 (around Rp. 75,327), showing signs of stabilization after the decline.

Read also: Manta Pacific Introduces MultiDA: A Solution for a Safer and More Reliable Blockchain

Celestia (TIA) Price Prediction

Based on technical and fundamental analysis, the following are TIA price projections for the next few years:

Wave count analysis shows that TIA has completed a five-wave increase and a W-X-Y correction since its launch. 

If this pattern continues, TIA is projected to reach a peak of $44.30 (Rp. 691,080) in November 2024, followed by a decline to $5.50 (Rp. 85,800) in July 2025.

It should be noted that the long-term predictions (2025 and 2030) are based on an extrapolation of the daily growth trend of 0.33% since launch to the projected bottom of July 2025. Given the volatility of the crypto market, these predictions should be considered speculative estimates.

Conclusion

Celestia (TIA) offers innovative solutions in blockchain development with its modular approach. Even though the price has experienced a significant correction from its all-time high, the technological potential offered by Celestia remains promising.

TIA's price projections for 2024 and beyond show cautious optimism. With a predicted average price of $37 (around IDR 577,200) by the end of 2024, TIA still has significant growth potential. However, as with any crypto investment, volatility and risk remain high.

For investors interested in Celestia, it is important to conduct in-depth research, understand the technology behind it, and always apply good risk management. 

The development of the Celestia ecosystem, adoption by developers, and overall crypto market conditions will be key factors influencing TIA's future performance.

While the future is always uncertain, the innovation Celestia brings to the world of modular blockchain gives it a unique position in the market. Will Celestia become a new star in the crypto sky or just a flash in the pan? Only time will tell.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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