Arbitrum

Connect

Million

Cosmos

Celestia

<h4>60 Million <a href="https://genesis.celestia.org/" target="_blank" rel="noopener">token airdrop</a> worth $6.1 Billion. Wow, that’s massive! But that is only the possible worth of TIA airdrop because TIA Futures have been trading at $3.15 ahead of its token listing on Binance, KuCoin, and ByBit today.&nbsp;</h4> 
Heartiest congrats to those who received the Celestia airdrop aka free money. At what price point should you exit? And what about someone who didn’t get the airdrop? Should you buy $TIA now? What would be the best price to buy $TIA? Is it an overhyped or an undervalued potential project? This article has all the answers!! 
<h5>The Celestia Airdrop</h5> 
On October 31st, at 2 pm UTC, the Celestia mainnet went live. The first-ever block it produces is the Genesis block. This Genesis block will distribute the <a href="https://www.coingecko.com/en/coins/celestia" target="_blank" rel="noopener">TIA token airdrop</a> to all eligible claimants. You will automatically receive your tokens in your wallets.&nbsp; 
This is what the Keplr Wallet <a href="https://x.com/keplrwallet/status/1719004836627407074?s=20" target="_blank" rel="noopener">said</a> on X: “Your TIA airdrop will show up in your Keplr wallet as soon as Celestia mainnet launches. Make sure to enable Celestia in the chain visibility menu once it goes live.” 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Adding <a href="https://twitter.com/CelestiaOrg?ref_src=twsrc%5Etfw">@CelestiaOrg</a> to the Cosmos extension for <a href="https://twitter.com/MetaMask?ref_src=twsrc%5Etfw">@MetaMask</a> is as simple as 1, 2, 3<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;">: 
 1. Connect at <a href="https://t.co/035DVDzypf">https://t.co/035DVDzypf</a> 2. Click the Settings tab &amp; click the Celestia + 3. Approve adding Celestia 
 And you're good to go! Now you can view your <a href="https://twitter.com/search?q=%24TIA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TIA</a> in-wallet, using MetaMask!<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f98a.png" alt="🦊" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/Q5UhfaTYnz">pic.twitter.com/Q5UhfaTYnz</a> 
 — Mystic Labs ⊽ (@Mystic_Labs_) <a href="https://twitter.com/Mystic_Labs_/status/1719480366707196071?ref_src=twsrc%5Etfw">October 31, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
For example, KuCoin, Bybit, OKX, or Bitget will <a href="https://x.com/kucoincom/status/1718853603237191852?s=20" target="_blank" rel="noopener">launch</a> TIA at the same time as the mainnet launch. However, the big news is that Binance will <a href="https://x.com/binance/status/1718982971796168778?s=20" target="_blank" rel="noopener">also launch</a> the TIA token. Binance launches 2 hours after the mainnet launch. 
<h5>Alpha Group and Celestia Info</h5> 
Now I show you something that we posted in our Alpha group. You may want to <a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener">join this group</a>. For only $15 per month, you receive calls, trades, airdrop information, and much more.&nbsp;OTC deals show that $TIA will list at $2. (currently at $3). However, with the new Binance information, this may go up by a dollar or two. 
Arbitrum and Optimism have a $1.2 Billion marketcap. So, Celestia will have a <a href="https://docs.celestia.org/learn/staking-governance-supply" target="_blank" rel="noopener">total supply</a> of 1 billion TIA at Genesis. That means a fully diluted marketcap of $2 Billion. This marketcap is highly overvalued and is likely to dip as vesting begins. 33% of the tokens belong to VCs, and these will contribute to the selling pressure. 
Celestia, however, is likely to emulate the performance of <a href="https://www.coingecko.com/en/coins/aptos" target="_blank" rel="noopener">APT</a>. This means there will be a listing pump, followed by a 50-60% correction and sideways movement afterward. Any price above $4 is good to take profit, and if you see a listing pump of 60% or more, sell your tokens immediately. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 the interchain's on fiyah, and Celestia's responsible for it<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 new to <a href="https://twitter.com/hashtag/Cosmos?src=hash&amp;ref_src=twsrc%5Etfw">#Cosmos</a> or <a href="https://twitter.com/CelestiaOrg?ref_src=twsrc%5Etfw">@CelestiaOrg</a>? we've prepared a guide to get you started! 
 onboard quickly, access mainnet, stake assets, &amp; explore the crazy new modular playground with us 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4d7.png" alt="📗" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/vwBKZPY3CI">https://t.co/vwBKZPY3CI</a> <a href="https://t.co/cf9vvMK8JQ">pic.twitter.com/cf9vvMK8JQ</a> 
 — Leap Cosmos <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/269b.png" alt="⚛" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@leap_cosmos) <a href="https://twitter.com/leap_cosmos/status/1719439877476114615?ref_src=twsrc%5Etfw">October 31, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Else, sell tokens in 4 parts of 25%: 
<ol> 
 <li style="font-weight: 400">First 25% at the time of listing.&nbsp;</li> 
 <li style="font-weight: 400">Second at the first pump (Usually in a day).&nbsp;</li> 
 <li style="font-weight: 400">Third, within one week. And if the token is finding support at $2.&nbsp;</li> 
 <li style="font-weight: 400">Hold the last portion for the bull run.</li> 
</ol> 
Of course, if you decide to keep any part of your TIA tokens, remember that you can <a href="https://docs.celestia.org/learn/staking-governance-supply" target="_blank" rel="noopener">stake them</a> as well. 
<h5>Is Celestia Currently Overhyped or Underrated?</h5> 
The fully diluted market cap of the TIA token is overvalued. I mentioned already, that most likely, the value will dip.&nbsp;However, especially during the first moments of trading, we can expect a higher price. This may increase once Binance joins the trading party. 
So, don’t get me wrong, <a href="https://celestia.org/what-is-celestia/" target="_blank" rel="noopener">Celestia</a> is a good and solid project. However, if the TIA price goes as high as $10 or more, it’s an overrated price. At such a price, sell and buy back once the dust settles and the TIA price is more stable. 
To recap this, the project is maybe underrated, but we may see an overrated token price. That’s due to the current excitement about the launch and Celestia airdrop. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Mainnet <a href="https://twitter.com/CelestiaOrg?ref_src=twsrc%5Etfw">@CelestiaOrg</a> is live on Celenium explorer! <a href="https://t.co/5dzEcxTSjp">https://t.co/5dzEcxTSjp</a><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 Rollup developers can access a wealth of onchain data, dig into blobs, and analyze namespace activity. Check out the overall chain stats. <a href="https://twitter.com/hashtag/Celestia?src=hash&amp;ref_src=twsrc%5Etfw">#Celestia</a> <a href="https://twitter.com/hashtag/CelestiaTIA?src=hash&amp;ref_src=twsrc%5Etfw">#CelestiaTIA</a> <a href="https://t.co/WTJ5TwBHUx">pic.twitter.com/WTJ5TwBHUx</a> 
 — Celenium (@celenium_io) <a href="https://twitter.com/celenium_io/status/1719415289845084218?ref_src=twsrc%5Etfw">October 31, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h5>What Is Celestia?</h5> 
Celestia is a modular blockchain. It’s purpose-built to host <a href="https://www.altcoinbuzz.io/?s=ZK-rollups" target="_blank" rel="noopener">ZK-rollups</a>. Vitalik Buterin has shown interest in Celestia. It calls the Cosmos Hub its home. Other modular blockchains include, for example: 
<ul> 
 <li style="font-weight: 400">Arbitrum.</li> 
 <li style="font-weight: 400">Optimism.</li> 
 <li style="font-weight: 400">ZK Sync.</li> 
 <li style="font-weight: 400">Starknet.</li> 
 <li style="font-weight: 400">Scroll.</li> 
</ul> 
A <a href="https://youtu.be/QWrPDpibANo?si=r2BUsXDB-L_gL7HZ" target="_blank" rel="noopener">modular blockchain</a> doesn’t do everything itself, like a monolithic chain. Blockchain needs, for instance: Consensus, execution, and&nbsp;settlement. Also,&nbsp;a modular blockchain outsources at least one of these three components. These tasks go to an external chain. For example, Celestia orders and publishes transactions. However, it doesn’t execute them. 
There are many new developments and announcements with Celestia. That’s, of course, besides their mainnet launch.&nbsp; 
<ul> 
 <li style="font-weight: 400">They are the <a href="https://blog.celestia.org/celestia-is-first-modular-data-availability-network-to-integrate-with-arbitrum-orbit/" target="_blank" rel="noopener">first modular data availability network</a> to integrate with Arbitrum Orbit.</li> 
 <li style="font-weight: 400"><a href="https://blog.celestia.org/introducing-blobstream/" target="_blank" rel="noopener">Blobstream</a> — Introduces modular DA (Data Availability) streaming to Ethereum.&nbsp;</li> 
 <li style="font-weight: 400"><a href="https://x.com/vistaralabs/status/1717732641535832244?s=20" target="_blank" rel="noopener">Vimana CLI</a>. — A free and open-source tool for streamlining node operations across several networks.</li> 
 <li style="font-weight: 400"><a href="https://x.com/LumozOrg/status/1714849128453492943?s=20" target="_blank" rel="noopener">Partnership</a> with Lumoz, a ZK platform.</li> 
</ul> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Space Cores running <a href="https://twitter.com/CelestiaOrg?ref_src=twsrc%5Etfw">@CelestiaOrg</a> light nodes growing around the world, up to 733 now! <a href="https://t.co/APZs39cqaU">pic.twitter.com/APZs39cqaU</a> 
 — mayur (@_mayurc) <a href="https://twitter.com/_mayurc/status/1719410176204169644?ref_src=twsrc%5Etfw">October 31, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
So, it looks like Celestia has some essence to it, not only a pretty face, so to speak. 
<a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="wp-image-124236 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-300x37.jpg" alt="" width="689" height="85" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1.jpg 1197w" sizes="(max-width: 689px) 100vw, 689px"></a> 
<div class="youtube-embed" data-video_id="UkATmZqTzdw">
 <iframe title="BREAKING: $6.1 BN Celestia Airdrop! OVERvalued or UNDERrated Crypto?" width="696" height="392" src="https://www.youtube.com/embed/UkATmZqTzdw?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div> 
Disclaimer The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. 
The post <a rel="nofollow" href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/6-1-bn-celestia-airdrop-overvalued-or-underrated-crypto/">$6.1 BN Celestia Airdrop! OVERvalued or UNDERrated Crypto?</a> appeared first on <a rel="nofollow" href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

$6.1 BN Celestia Airdrop! OVERvalued or UNDERrated Crypto?

Altcoin Buzz

Other articles published on Nov 1, 2023

Top Analyst Sees Probability Of XRP Price At $0.90 In November 2023

HKMA reflects on retail CBDC pilot phase one completion

Oyster Protocol imprisoned for $5.5m in tax offenses

Bitcoin Price Topside Bias Vulnerable If It Continues To Struggle Below $35K

Cardano Midnight Begins With First Group of Pioneers: Details

Bitfinex gets warning for violating UK laws

Join our free newsletter for daily crypto updates!