The Celestia (TIA) price surge has been one of the most impressive over the last few days. This is because the coin is rallying at a time when uncertainty is the order of the day as crypto investors await the United States Securities and Exchange Commission’s (SEC) decision on Spot Bitcoin ETFs. So far, the TIA coin has been able to rise to new all-time highs, reaching almost 800% from its 2023 lows.
Celestia Stakers Reaping The Rewards
The major reason that the Celestia token has been seeing a lot of interest lately is the multiple airdrops that are being given to TIA stakers. These stakers have been rewarded for committing their tokens to the network to help secure it and multiple projects have confirmed airdrops.
The Dymension airdrop which saw DYM tokens airdropped to TIA stakers has been a major topic of discussion on social media platforms such as X (formerly Twitter) over the past day. So far, there have been almost 300,000 claims according to the team, with a large portion of tokens still expected to be claimed.
Dymension is not the only project airdropping tokens to TIA stakers as other projects have also confirmed airdrops. The SAGA airdrop has also been confirmed for TIA stakers, as well as the MILK token from the Milky Way project as well.
As a result of these airdrops, the demand for TIA tokens has skyrocketed as investors rush to buy coins in order to stake. If this euphoria continues to rise, expectations are that the TIA price will continue to hit new highs until the euphoria peaks.
TIA reaches new all-time high above $17 | Source: TIAUSDT on Tradingview.com
TIA Price Reaches New All-Time Highs
The Celestia token price has been among the top gainers over the last day, mounting a rally that saw its value rise over 20% in a single day. This comes hot on the heels of a flash crash that sent the market spiraling before recovering once again.
As of the time of writing, the TIA token has been able to make a new all-time high price of $17 in the last day. This price level translates to an 800% increase from its $2 lows that were recorded back in October 2023.
Its trading volume has also seen a notable rise during this time with CoinMarketCap showing a 95% increase to bring its 24-hour volume to $892 million. The altcoin’s price is now 96% higher than where it was 30 days ago and 36% higher than where it was seven days ago.
Featured image from Medium, chart from Tradingview.com
Source: https://bitcoinist.com/celestia-tia-new-all-time-highs/