Celestia Network's Token (TIA) Poised for Growth, According to Messari Analysts
Date: 2024-01-21 Author: Dima Zakharov Categories: BLOCKCHAIN
Cryptocurrency enthusiasts and investors are closely monitoring the Celestia Network as Messari, a prominent cryptocurrency research firm, suggests that its native token, TIA, may continue its upward trajectory. Following a remarkable price increase, Messari's senior analyst, Kunal Goel, outlined the key drivers behind Celestia Network's potential for sustained growth.
One of the primary factors contributing to Celestia's success is its remarkably low transaction fees compared to other networks offering similar services. The integration of second-layer blockchain solutions within Celestia has significantly reduced transaction costs, making it an attractive choice for users.
Messari analysts also noted that the demand for security within the network has played a pivotal role in garnering interest. Particularly, Celestia's partnership with Manta Network has attracted attention, with Manta being the only accumulator chain currently running on the Celestia platform.
In the coming weeks, Celestia Network is set to launch new second-layer blockchain solutions, including Dymension and Saga, which are expected to further enhance the platform's capabilities.
According to Messari's estimates, participants in the airdrop can expect to receive TIA tokens valued between $0.8 and $1.6.
Messari specialists believe that Celestia's modular data availability network, designed for integration, has no real competitors in the market. As a result, the cryptocurrency market anticipates rapid growth for Celestia, and the network may live up to these high expectations.
Since the October airdrop, TIA's price has experienced substantial growth, surging by 727% and currently trading at $17.39, as reported by CoinMarketCap. Despite market volatility stemming from Bitcoin's fluctuations, TIA continues to resist downward pressure, maintaining its upward momentum.
