Crypto Trader Criptopaul Predicts a Massive Rally for Modular Blockchain Network Celestia (TIA)
- WBOYOriginal
- 2024-07-16 04:38:35993browse
Pseudonymous trader Criptopaul tells his 109000 followers on the social media platform X that TIA could soar to $24
A crypto trader who has amassed a large following on social media is predicting a massive rally for modular blockchain network Celestia (TIA).
The pseudonymous trader, known as Criptopaul, has 109,000 followers on the social media platform X. He recently told his followers that TIA could soar to $24, a more than 231% gain from the current price.
Criptopaul has been closely following the performance of modular blockchains. According to him, the development of modular blockchains is still in its early stages, and user adoption and developer skills to build on them are coming. He believes that we might see a new era in decentralized finance (DeFi), pushing it to new levels.
“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,” said the trader. “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. 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.”
At the time of writing, TIA is trading at $7.24, 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,” said the trader about the ongoing Bitcoin bull cycle, which began in late 2020. “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.”
Bitcoin is trading for $57,935 at the time of writing, up more than 2% in the last 24 hours.
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