Right here’s Why Celestia (TIA) Is Rallying To New All-Time Highs

The Celestia (TIA) price surge has been one of the spectacular over the previous few days. It is because the coin is rallying at a time when uncertainty is the order of the day as crypto investors await america Securities and Change Fee’s (SEC) determination on Spot Bitcoin ETFs. To this point, the TIA coin has been in a position to rise to new all-time highs, reaching nearly 800% from its 2023 lows.

Celestia Stakers Reaping The Rewards

The main motive that the Celestia token has been seeing numerous curiosity recently is the a number of airdrops which might be being given to TIA stakers. These stakers have been rewarded for committing their tokens to the community to assist safe it and a number of initiatives have confirmed airdrops.

The Dymension airdrop which noticed DYM tokens airdropped to TIA stakers has been a significant matter of dialogue on social media platforms equivalent to X (previously Twitter) over the previous day. To this point, there have been nearly 300,000 claims in response to the crew, with a big portion of tokens nonetheless anticipated to be claimed.

Dymension just isn’t the one undertaking airdropping tokens to TIA stakers as different initiatives have additionally confirmed airdrops. The SAGA airdrop has additionally been confirmed for TIA stakers, in addition to the MILK token from the Milky Method undertaking as nicely.

Because of these airdrops, the demand for TIA tokens has skyrocketed as buyers rush to purchase cash as a way to stake. If this euphoria continues to rise, expectations are that the TIA value will proceed to hit new highs till the euphoria peaks.

TIA reaches new all-time excessive above $17 | Supply: TIAUSDT on Tradingview.com

TIA Value Reaches New All-Time Highs

The Celestia token price has been among the many high gainers during the last day, mounting a rally that noticed its worth rise over 20% in a single day. This comes sizzling on the heels of a flash crash that despatched the market spiraling earlier than recovering as soon as once more.

As of the time of writing, the TIA token has been in a position to make a brand new all-time excessive value of $17 within the final day. This value degree interprets to an 800% improve from its $2 lows that had been recorded again in October 2023.

Its buying and selling quantity has additionally seen a notable rise throughout this time with CoinMarketCap exhibiting a 95% improve to carry its 24-hour quantity to $892 million. The altcoin’s price is now 96% greater than the place it was 30 days in the past and 36% greater than the place it was seven days in the past.

Featured picture from Medium, chart from Tradingview.com