Former Ark Invest executive Chris Burniske is less talked about these days Celestia (TIA) Coin on his agenda. His evaluation is about the long-term performance of TIA Coin beyond short-term predictions. Since he is a much more expert name than other analysts, Chris’ perspective can give investors the opportunity to see different details.
TIA Coin Future
After 80 percent decline TIA Coin It has become an asset that investors are worried about. What it did in its early days, although the hopes for its future increased the interest, the BTC price has been constantly moving down, and many other crypto money Chris Burniske wrote that short selling has reached significant levels for TIA Coin, so the annual short cost is based on 380%.
So where does this extra downward motivation come from? Of course, it is fed by the $788 million lock-up opening in October. 83.22 percent of the circulating supply will enter circulation, which is truly enormous.
But Chris Burniske is optimistic about the future of TIA Coin for at least five reasons.
- As an ecosystem, developers are diligently putting all the elements into action. This is Chris’ early Bitcoin
$60,106Ethereum 
$2,417 and reminds me of the Solana energy. - Given liquidity, “bad VCs” are unlikely to divest as expected in October because they see the appeal of the ecosystem and the ambitions of the team. Many of TIA’s largest backers are less short-term focused than portrayed.
- When the unlock occurs, the market will likely realize that there is much less selling pressure from these shorts than expected, and the shorts will break out if they have not already taken profits.
- Buyers who have been holding back due to fears of the unlock will be reassured by the positive price action and the reduction in uncertainty will allow them to take action.
- The TIA market has emerged from its current state of semi-paralysis.
“I also believe TIA Coin is fundamentally underpriced here. I’m sure the paid groups and bottom trolls will jump on my back for this thread and that alone is a good sign. They are concerned about expensive short positions. They will bring up VC rounds, staking rewards sales, how this is different from SOL’s December 2020 bullish unlock, etc.
There are good points to consider in some of their concerns, but it is necessary to put together the broader picture and what has already been priced in.
While I hold the view stated above, I expect the price of $TIA to remain highly volatile throughout September and into Q4, with the highest volatility likely occurring around unlock.”
TIA Coin Price Prediction
Everyone is racing to take a short position TIA Coin It fell from $21 to $3.76. During the listing period in November 2023, the price had recovered from the bottom of $2.32. We have also witnessed that the price of $20 could not be seen again in examples such as DYDX, which was listed with low supply. If TIA Coin continues to fall, it may fall to this bottom.
Beyond the pricing of TIA Coin concerns for October, if the massive supply of close to $800 million is sold, the price could even fall to $1 and below. Perhaps VCs may promise to refrain from selling for a certain period of time to upset those who are patiently waiting for short selling. Time will tell, but the rapid rise period may begin again with the reclaiming of $8.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
