In most of 2024, the price of Celestia (TIA) has been on a downward trend. In mid-April, TIA experienced a significant drop, falling to $10.2, and the price continued to decrease after that.
As of May 28, 2024, there is some recovery happening. The coin has gained nearly 7% in the last 24 hours, reaching $9.82. According to Coinmarketcap data, its market cap has increased by 9% and its trading volume has grown by an impressive 59.61% at the time of writing.
Shorting opportunities, TIA reward rate
An analysis in May indicated that TIA has decreased by 16%, and by 60% throughout 2024. However, TIA is currently recovering from these losses. It seems like a promising long-term investment due to potential airdrops and staking rewards. Additionally, there are short-term trading opportunities based on the current price action.
Coinbase estimates that the current reward rate for TIA is just under 11%. If TIA holders stake the asset for a year, they can expect to earn around 11% on average.
In some cases, the Celestia platform distributes free tokens to existing token holders as a way of showing appreciation for their support. These events are strategically designed to build and reward community engagement and can be quite profitable. In April, Celestia’s Milkyway, a liquid staking protocol, raised $5 million ahead of an airdrop.
TIA experienced significant price drops over the past two months, and attracting capital inflows has been challenging. According to the Chaikin Money Flow (CMF) principle, most capital inflows have been negative. However, the recent price increase indicates positive prospects for short-term investors.
Long-term Celestia price prediction
In terms of price prediction for Celestia, the TIA price is expected to be around $14.35 by December 2025. WalletInvestor predicts a more optimistic outlook, suggesting that the Celestia price will reach $27 by then. However, TradingBeast has a more pessimistic view, predicting that TIA will be trading at around $7.22 in 2025. Taking the average of the bullish price predictions, the potential ROI is estimated to be 71%.
In the long run, TIA’s price prediction ranges from $23 to $38 (low-end and high-end). If the token reaches the upper price target, it could potentially gain as much as 300% in the upcoming bull run.
