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It's TIA Time

Staking TIA is quickly becoming the hottest opp in crypto. Will it last?
Jack Inabinet Jack Inabinet Jan 15, 20241 min read
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market analysis It's TIA Time

TIA’s Time. Modular data availability layer Celestia continued to pump in spite of the flat week for broader crypto markets; TIA is up 39% on the week! What narrative is fueling the explosion?

Many are equating the practice of staking TIA with the intent of farming airdrops as this cycle’s version of (3,3), a game theory-based meme which encouraged perpetual OHM staking as the most beneficial strategy for all ecosystem participants.

In the short term, this will be highly beneficial for TIA, as the promise of future airdrops will lead to increased buy pressure on TIA tokens while the action of staking them will reduce the supply available to be sold, leading to further upside in TIA’s price.

While the (3,3) nature of Celestia’s staking has spawned an explosive run-up, all good things will eventually come to an end when the perpetual cycle of staking turns into bag holders attempting to exit their positions into thin liquidity.

With massive Celestia unlocks scheduled for October of this year and EigenLayer’s data availability solution poised to provide a more cost-effective alternative to Celestia’s, TIA will undoubtedly face headwinds this year, but in the meantime, riding Celestia’s wave of momentum is an excellent way to position yourself to outperform the market.

 

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Jack Inabinet

Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business and remains based out of the Seattle area.

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