The price of Celestia (TIA) has surged over 15% since yesterday, making it one of the biggest gainers on CoinMarketCap.
With the TIA token now hovering around $2.50, early investors are wondering just how high its price could go in the remaining weeks of 2023.
This article will take a closer look at Celestia’s price action, forecast where the token could be headed next, and highlight some of the most promising new cryptocurrencies that could be primed for a significant breakout.
Celestia’s TIA Token Surges After Mainnet Launch – Can the Momentum Continue?
It’s been a great start to life for Celestia, with the project’s mainnet going live on October 31 and TIA tokens airdropped to 580,000 users.
The hype around this event has resulted in a surge in demand for TIA, making it the 20th most-traded cryptocurrency globally.
Although the token is only a few days into its lifespan, investors are speculating that the uptrend could continue throughout November and beyond.
The token’s high of $2.86 on Wednesday is a natural target for bulls and may act as a minor resistance zone.
If TIA can breach this level, the token will be in uncharted territory.
The next level to watch will be the $3.00 and $5 marks, likely representing psychologically important barriers for TIA holders.
With the current momentum and hype around the token, TIA could certainly aim for these levels in the coming weeks.
However, sustainability remains a concern, given the likelihood of profit-taking after such an explosive debut.
Regardless of what happens, it’s clear that Celestia has captured the attention of the crypto community, with its rapid rise highlighting the enthusiasm for new projects.
Which New Cryptos Could Be Next to Surge?
While Celestia’s TIA token has been in the spotlight recently, several other emerging cryptocurrencies could be poised for a breakout.
As investors seek the next hot altcoin, the three projects below could have the ingredients needed to attract significant demand before the end of the year:
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