The social volume and on-chain volume of TIA has increased to nearly the same level as Solana and Bitcoin. In the short and medium term, the market capitalization of Celestia may still be much lower than the other two companies. Celestia (TIA) The official market launch has been received with a lot of optimism. But this is not surprising for new projects, especially those that have established a solid community in the development phase. In fact, this is the market capitalization of TIA in SOL For non-religious followers in the market, this project may sound unfamiliar. But Tạp Chí Số explains the basics here. As predicted, the hype surrounding Celestia is related to the rewards it offers to early adopters – and it is delivering on its promises. TIA does not follow technical specifications. However, the addition of TIA brings an interesting change. Typically, when a project releases tokens to users, with some exceptions, there will be a price drop due to selling pressure. A recent example is Arbitrum (ARB). Since launching its main product line, ARB has struggled to recover from the listing price. This is not the case for Celestia. At the time of writing, TIA is trading at $0.252, benefiting from a 13.39% increase in the past 24 hours. But that’s not the only noteworthy development related to the project. According to Santiment, the discussion around TIA is almost comparable to Bitcoin (BTC) and Solana (sol). 🗣️ #celestiaSuccess #mainnet launch & #airdrop are making it the most talked-about token today. Next up is the rising #Solana, #status, and #西太, capturing the attention of traders along with #bitcoin. https://t.co/Y5NngI0UYl pic.twitter.com/zN8DSJ202Q – Santiment (@santimentfeed) November 1, 2023 This is the game of kings, but… It’s no surprise that Bitcoin and Solana have become the center of attention for market participants. In addition to price action, there are also some interesting stories like the imminent ETF and the increasing development promises surrounding Bitcoin and Solana respectively. As a result, both BTC and SOL are currently popular. As of press time, Celestia’s on-chain trading volume has reached 365.72 million. Bitcoin’s trading volume is an astonishing 25.69 billion, and Solana’s is 3.84 billion. Source: Santiment On-chain trading volume refers to the number of tokens sent to an exchange from external sources. Sometimes, jumps in this volume can have negative effects on values. But that’s not the case for TIA, especially since Binance held its mainnet launch and initial token sale. Therefore, the sudden increase in volume can be seen as a sign of increasing spot trading rather than evidence of fundamental selling pressure. Despite that, traders may want to be cautious of TIA price action. Currently, there are many comments on social media that Celestia has potential for development like Bitcoin and Solana. At the time of writing, TIA’s market capitalization is at 357.14 million. Solana’s market capitalization has increased to 18.29 billion and BTC is 688.63 million USD. Source: Santiment How much is 1, 10, 100 TIA worth today? Using the market capitalization calculator from Tạp Chí Số, TIA’s market capitalization needs to increase 45.72 times to reach Solana’s market capitalization. Similarly, the project would need to increase 1806.40 times to reach Bitcoin’s market capitalization. In the short and medium term, this prediction seems unlikely. However, the possibility of exponential growth for Celestia in the near future cannot be ruled out.
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