Investors Turn to Celestia’s TIA in Hopes of Airdrops

beincrypto.com 05 January 2024 10:15, UTC

Analytics

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.

Saga Information Diagram on Airdrop Rewards. Source: Saga

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.”