[Messari analyst bullish on Celestia; says it has no close comparables]
The TIA token recently hit new all-time highs, and analysts at Messari Research are bullish on Celestia Network’s future growth potential. Kunal Goel, senior research analyst at Messari, wrote on X that Celestia’s low fees and Layer2 Rollup blockchain will be the main factors driving its growth.
Analysts believe that Celestia's security needs are critical to its development, noting that Manta Network is currently the only rollup launched on Celestia, and expects that more Layer 2 such as Dymension and Saga will join.
The report mentioned that TIA has the lowest adoption multiple among the top smart contract platforms, and stakers on the platform are driven by incentives and are expected to receive airdrops worth $0.8 to $1.6. This is calculated based on Dymension’s airdrop and its pre-IPO valuation.
In the three months since its mainnet beta was launched, Celestia has attracted widespread attention through staking and airdrop activities. Messari reports that Celestia is a modular data availability network designed specifically for Rollups and currently has no similar competitor. The report believes the market is pricing in Celestia's rapid growth.
Since TIA’s airdrop in October, its price has increased by 727%, currently selling for $17.39, and has remained stable amid market volatility led by Bitcoin. Celestia currently has market capitalization of approximately $2.7 billion.
