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- King Wabii argued Celestia’s TIA token’s potential to rank in the top ten.
- As a result, he plans to spend half of his portfolio on TIA in the current cycle.
- With a prevailing market value of $16.26, TIA has grown more than 671% since 2020.
A notable figure in the crypto community with X username @KingWabii has released an overview of how he plans to navigate his investment journey in the current crypto cycle, particularly with the Celestia token, TIA.
Given his bullish perspective about TIA, the crypto analyst disclosed that he plans to dominate half of his crypto portfolio with the token. He argued the project would outperform other projects and inevitably ascend into the ranking of the top ten most valuable cryptocurrencies.
At the time of writing, CoinMarketCap data shows TIA ranks 40th on the list of largest cryptocurrencies by market cap. With a prevailing market value of $16.26, TIA has grown more than 671% since last year.
King Wabii outlined specific factors that formed the foundation of his bullish perspectives on TIA. He highlighted that TIA is the native token of Celestia, a modular blockchain network providing a scalable data availability layer for the next generation of blockchains.
Furthermore, he noted that Celestia enables developers to build different applications, ranging from decentralized finance (DeFi), gaming, social media, and supply chain to identity management. Moreover, King Wabii pointed out the appeal the project has garnered in recent times following an airdrop distribution of 60 million TIA tokens.
Additionally, he stated Celestia’s potential is already capturing the attention of the established players in the crypto space. For instance, Manta Network has begun making use of Celestia’s data availability features. According to the analyst, the collaboration with Celestia has led to a substantial 100-fold decrease in operational costs.
Besides, King Wabii claimed that several projects he is optimistic about in this market cycle are collaborating with Celestia to usher in the next era of the digital asset economy. They include crypto projects like Dymension, Eclipse, and Berachain.
The post Celestia (TIA) Set for Top 10 Ranking Amid 671% Gain: Analyst appeared first on Coin Edition.