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Trader Predicts 231% Rally for Celestia (TIA), Updates Outlook on Bitcoin Bull Market Cycle

source-logo  dailyhodl.com 11 July 2024 00:17, UTC

A closely followed crypto trader is predicting a massive rally for modular blockchain network Celestia (TIA).

Pseudonymous trader Criptopaul tells his 109,000 followers on the social media platform X that TIA could soar to $24, a more than 231% gain from the current value.

“I accumulated a large amount of TIA here after predicting a significant drop during its past ATH (all-time high) and the previous great hype caused by its novel on early stage. It’s exactly at the level where I thought it would be a great buying opportunity; I will accumulate more if we see $5 again here. But modular blockchains are here to stay thanks to their innovation, and Celestia is a pioneer in this.

The development of modular blockchains is in its early stages, and after the initial great enthusiasm, user adoption and developers skills to build on them are surely coming. We might see a new era in DeFi (decentralized finance), pushing it to new levels, as we are currently in a rather stagnant phase with protocols built on classic Ethereum Virtual Machine (EVM)-based blockchains.”

Source: Criptopaul/X

TIA is trading for $7.24 at time of writing, up more than 19% in the last 24 hours.

The analyst also believes that Bitcoin (BTC) remains in a bull cycle, despite correcting down into the $50,000 range. According to his chart, the analyst suggests Bitcoin could print new all-time highs (ATHs) of around $100,000 by October 2025.

“We are only halfway there. Pause now. Relax. Enjoy next wave in coming months. Don’t forget to take profits during pico top of euphoria, just when each memecoin goes to a billion market cap in a few months, when your old college friend asks you how to buy Bitcoin, etcetera.”

Source: Criptopaul/X

Bitcoin is trading for $57,935 at time of writing, up more than 2% in the last 24 hours.

Generated Image: Midjourney