It surged to $20 in the first two weeks of 2024, and TIA’s popularity is unrivaled! Starknet is launching with a market capitalization of 100 times

trtr782 Join the community to receive airdrops of popular tokens from time to time.

Celestia’s TIA surged to nearly the $20 mark in the first two weeks of 2024, a significant milestone for the newly launched coin.

This bullish trend represents a significant increase of 67% in value. TIA's price rise from $11.90 on January 1 to today's high of $19.89 highlights its strong performance in a highly competitive space.

Celestia (TIA) tops the list

TIA's rapid appreciation has not gone unnoticed. Its explosive growth has propelled it to the top of the list of popular currencies. Thus, outperforming competitors such as Sei and TET.

The achievement highlights TIA’s growing dominance and investor interest, making it a hot topic in the financial world.

This rapid appreciation has allowed TIA to take the lead over competitors such as SEI and TET on ConGecko’s list of popular coins. This achievement not only highlights TIA’s growing advantages, but also attracts widespread attention from investors.

Market reaction to TIA has been mixed. Prominent analyst Bombay Trillionaire initially attempted to profit by shorting TIA, but the continued rise in the token’s price failed this strategy. Another well-known figure in the encryption community, Crypto Mocho, has a more optimistic attitude towards TIA. While making profits, he still has confidence in TIA's further growth and set a target price of $24.

TIA's appreciation is not only the result of market speculation, Celestia's technology and strategic positioning are also key factors driving its growth. Commentator Romano expressed reservations about TIA's future, but acknowledged Celestia's significant impact on development, calling it a "game changer." This sentiment resonates within the crypto community, with more and more people viewing Celestia as an important player in the blockchain industry.

Celestia (TIA) Price Analysis

Celestia (TIA) has generated a lot of interest from investors, especially due to the bull momentum. This interest is driven in part by Saga and Dymension airdrops for TIA stakers, which are expected to boost demand. Investors are acquiring and staking TIA in hopes of benefiting from future airdrops.

As of this writing, TIA is trading between $14.08 and $15.01. It has been in the midst of a long-term bullish rally, rising more than 500% in one quarter. Within a week, prices increased by nearly 20%.

A range of strong technical indicators confirm the coin’s positive outlook. The Relative Strength Index (RSI) is at $53.33 and the Stochastic %K is at $63.26, reflecting a neutral stance, indicating balanced market sentiment. Meanwhile, most indicators are leaning towards buying sentiment, with momentum remaining at 0.36 and MACD levels at -0.005.

Moving averages on different time frames are also consistent with the bullish trend. 10-day simple moving average

(SMA) is $15.112 and the 10-day exponential moving average (EMA) is $15.191. Current prices above these levels suggest that the upward trend will continue in the short term. Additionally, the long-term outlook remains positive, with the 100-day moving average at $14.736 and the 100-day SMA at $14.854.

Celestia (TIA) Price Prediction

The recent rise in the value of Celestia (TIA) coupled with buzz about a potential airdrop has investors paying close attention as optimism grows in the market. Technical indicators point to a bullish trend, and if this holds true, TIA faces the first upside target at $17.823. A move above this level could lead to more gains to $21.307.

But market dynamics change rapidly, so it's important to consider the possibility of a decline. The key support level to watch is $13.811. Price action around this level will serve as a valuable indicator, providing insight into potential future moves.

The following is an introduction to the projects currently being launched in our community.

What is Starknet

Starknet is a decentralized L2 protocol based on ZK-Rollup technology, an ultra-secure mechanism whereby inputs used by off-chain provers are not exposed on the blockchain.

It is based on a highly scalable cryptographic proof system called STARK, enabling dapps to achieve unlimited scale without compromising Ethereum’s composability and security.

StarkNet is L2 compatible with Ethereum at the language level. As a member of ZKR in L2, StarkNet's performance in terms of tps and gas far exceeds that of OPRs such as Optimism and Arbitrum.

Investment agency

StarkWare is favored by investment institutions. Vitalik is their seed round investor. In addition to Vitalik, the list of investors also includes repeat investors such as Paradigm, Sequoia Capital, Pantera Capital, and Founders Fund.

So far, StarkWare has completed 6 rounds of financing, namely seed round, Grant, Series A, Series B, Series C and Series D, with a total financing of US$273 million. Especially in the latest round of financing, the amount of financing reached US$100 million, and StarkWare's valuation directly quadrupled to US$8 billion. The valuation ranks first among all Layer 2, and it is truly a king-level project.

There are many venture capital funds that we are familiar with, such as Redshirt, Tiger, Paradigm, Coinbase and so on. During the seed round, V God and the Ethereum Foundation also participated in the financing. The financing lineup is very luxurious.

Token model

starknet announced the token economic model.

Token distribution: The initial issuance is 10 billion, 17% will be allocated to StarkWare investors, 32.9% will be allocated to core contributors, and 51% will be allocated to the foundation. It also has an additional issuance mechanism.

Token empowerment: Tokens can be used to pay for Starknet network fees, pledge to participate in network consensus, and community governance voting. It is basically the same as the current mainstream token economic model.

For those who are looking forward to airdrops, please note that some official tokens are allocated to ecological developers, users and communities. In the announcement, there were examples of StarkEX interactive users before June 1, 2022. It is currently uncertain whether users interacting on Starknet have been snapshotted. If you haven’t interacted with friends after June 1st, you can still interact with the mainnet.

StarkNet Advantages

Unlike other ZK rollups like zkSync, StarkNet is not a “zkEVM” — meaning the smart contracts (that power your favorite Dapps on Ethereum like Uniswap and OpenSea) must be written in Cairo, StarkNet’s own programming language.

Cairo is a very powerful language optimized for ZK rollups. It allows you to do everything you can do on an EVM and more because the computational cost is much lower.

This creates entirely new possibilities that were previously impossible on the blockchain, such as real blockchain games!

Since Cairo is a new programming language, developers who want to start coding for StarkNet may be put off doing so because they have to learn Cairo. Fortunately, smart contracts written for Ethereum can be converted to Cairo using a "translator" such as Nethermind's Warp, but they will not be fully optimized for StarkNet.​

Low gas cost

Fast processing speed

High security

Native account abstraction: smooth user experience, wider application

StarkNet can be said to be a new star that has just debuted, and its popularity is extremely high. It is about to be launched, and the quota is extremely scarce, so it is necessary to snap up.