- TIA price can be estimated based on circulating or total market cap
- Approximately 191,391 addresses will receive token airdrops
The highly anticipated modular blockchain project, Celestia, is about to release its native token, TIA. Approximately 191,391 addresses will receive token airdrops, as the project aims to reach a wide audience. With generous airdrops and support from mainstream exchanges like Bitget, Binance, and Bybit, the market has been buzzing with discussions about the price of TIA. So, what can we expect for the price of $TIA once it hits the secondary market?
Identifying Comparable Projects for Reasonable Price Benchmarking
When pricing new projects, the market often looks at existing projects for benchmarking. In the case of Celestia, a suitable price benchmark project is SUI.
Based on the characteristics of Celestia, we can identify the following reasonable benchmark features:
Belongs to the public blockchain sector.
Valued at over $1 billion.
Mainnet launch and token issuance occur simultaneously.
Listed on multiple tier-one and tier-two exchanges.
SUI aligns with these project characteristics: SUI’s developer, Mysten Labs, recently raised funds in September 2022, with an equity valuation of $2 billion.
Price Range for TIA
Method 1: Circulating Market Cap Estimation
Step 1: Calculate the first-day circulating market cap for SUI. SUI stabilized at around $1.3 on its first day, with an initial circulating supply of 528 million tokens (out of a total supply of 10 billion, representing a circulating ratio of 5.28%). Therefore, the estimated circulating market cap for that day is approximately $686 million.
Step 2: Calculate the first-day circulating supply for Celestia (TIA). Based on the tokenomics of Celestia (TIA), the initial circulating supply is estimated to be 267 million tokens (out of a total supply of 1 billion, representing a circulating ratio of 20.67%).
Step 3: Calculate the estimated price per TIA token. If we benchmark the first-day circulating market cap of SUI at $686 million, the estimated price per TIA token would be: $686 million ÷ 267 million tokens = $2.57.
Method 2: Total Market Cap Estimation
Step 1: Calculate the first-day total market cap for SUI. SUI stabilized at around $1.3 on its first day, with a total supply of 10 billion tokens. Therefore, the estimated total market cap for that day is approximately $13 billion.
Step 2: Calculate the total supply for Celestia (TIA). Based on the tokenomics of Celestia (TIA), the total supply is 1 billion tokens.
Step 3: Calculate the estimated price per TIA token. If we benchmark the first-day total market cap of SUI at $13 billion, the estimated price per TIA token would be: $13 billion ÷ 1 billion tokens = $13.
Therefore, considering both estimation methods, the expected price range for TIA after stabilizing on its first day of trading would be between $2.57 and $13.
Please note that these estimations are based on available information and market conditions, and actual prices may vary.
