Investors Turn to Celestia’s TIA in Hopes of Airdrops

10 months ago 18

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Investors are showing interest in a particular crypto called TIA as the bull market gains momentum in the new year, driven by notable developments in the crypto industry and the anticipation of potential airdrops.

Meanwhile, Celestia’s TIA remains a positive indicator of market sentiment towards modular blockchains. The airdrops conducted by Saga and Dymension for TIA stakers are expected to boost demand, as buyers seek to acquire and stake TIA in anticipation of future airdrops.

TIA Remains an Attractive Risk-Reward Crypto

Head of Technical Strategy at Fundstrat, Mark L. Newton, sees TIA as an attractive risk-reward crypto, anticipating brief pullbacks before stabilization.

“TIA rally above two prior highs since December 2023 shows why it’s likely still correct to be bullish on modular blockchain Celestia, despite its gain of more than 500% since inception last October. Technically speaking, its rise has played out in a very rhythmic three-wave advance thus far followed by probable Elliott-wave style “wave 4 consolidation” since last month.“

Furthermore, Saga revealed that over 27,000 wallets that staked more than 23 TIA in January 2023 are eligible for the $SAGA airdrop.

However, according to a recent statement from Dymension, 298,439 claims have been made on the Genesis Rolldrop so far. It further noted that unclaimed DYM “will be distributed towards benefiting larger stakers of TIA and ATOM.”