#Megadrop #ScamRiskWarning #Token2049 #BTC #bitcoin

Celestia is a very good project and has been launched on the mainnet. Unfortunately, I didn’t find a good point to participate in the process. Currently, the token can be pledged, sowing seeds for the future. As long as the project uses Celestia, it is likely to be airdropped to TIA pledgers. For example, ZKFair must issue tokens to TIA pledgers. I guess projects that use TIA DA must issue tokens to TIA pledgers, and Comos ecosystem projects should also issue tokens, so staking TIA is quite cost-effective.

Why I am optimistic about Celestia

You probably realize this is a self-reflexive narrative. The stronger the Celestia community is, the more incentive the team has to airdrop $TIA to the community. After all, that’s the spirit of the Cosmos ecosystem, isn’t it? As the market anticipates more airdrops, the more price-insensitive buyers there will be. And if you stake TIA for airdrops, why would people sell…?

Therefore, TIA's valuation can be understood as follows:

Price (TIA) = Data Availability Layer Value Growth + TIA Token Premium as “Modular Currency + All Future Airdrop Value”

Right now, no one knows how to calculate the value growth and currency premium because it just launched. So, naturally people are using the value of the airdrop as a reason to hold $TIA. The DYM airdrop was huge because people were bearish on it. But as more airdrops are announced, people will buy TIA to stake (remember, there is a 21-day unbonding period for staking TIA). Do you want to guess when DYM claims will go live?

Obviously, the airdrop will be diluted over time. However, Celestia has only been launched for two months, so I guess we are still in the early stages of the airdrop narrative. In fact, most crypto players trade on centralized exchanges and don’t even know how to stake Celestia. So it’s reasonable to be bearish on them.

There will come a time when it will make sense to unstake TIA, but I don’t think that time is now.

The fact is, retail investors love the airdrop narrative. And what’s wrong with that? The promise of $100,000 for $100,000 looks like the future of finance. Look at the views on this video! If you expect retail investors to return via YouTube, they will buy and stake TIA.

As TIA continues to airdrop and rally, there will surely be a wave of new YouTubers and TikTokers who will repeat similar fallacies as they did with OHM:

“OHM’s price can drop 99% because the APY will make up for it.”

“The price of TIA doesn’t matter because the airdrop will make up for it.”

You see? Of course I believe TIA is one of the most important innovations of this cycle, but that doesn’t mean the numbers will go up forever. I predict it will happen again because human greed is predictable and the temptation for influencers to promote to their audience is inevitable. Sure, you could say I’m one of them.

But I also believe that staking TIA in the early stages of a bull run can be very profitable. I am simply warning you of what might happen so that you are prepared. This is also why I am writing this to remind myself that 12 months from now I need to stay humble and profit even if the narrative looks unbreakable. Here is how I think TIA price will move in the upcoming cycle:

It took me 30 seconds to draw this chart. There will be pullbacks, of course, and I could be wrong. I think TIA will be an amazing position to hold in a bull market, but also an incredibly painful position to hold in a bear market because once people realize the valuation doesn't make sense, they will sell. The 21-day unbundling period will make this even more severe.

What is my next plan?

I will stake TIA in the next cycle. I will hold some of the airdrops and sell some of them. I expect this to bring returns. But when will I sell? To be honest, I have no idea. My current plan is to start reducing my TIA position once Coinbase ranks first in the Apple App Store or major coins reach all-time highs.

How to create a Celestia wallet in Bitget wallet

1. Create or import a wallet.

2. Navigate to the Wallet page and select Celestia from the list of mainnets in the upper right corner.

3. Return to the homepage of Bitget Wallet (web3.bitget.com/zh-CN) to view the added mainnet and TIA tokens.

You can also use our OTC feature to buy USDT/USDC with fiat currency and exchange it for other tokens.

FAQ

How can I purchase Celestia?

You can use the OTC service Bitget wallet (web3.bitget.com/zh-CN) to buy cryptocurrencies such as USDT, USDC or TIA with fiat currency. The Bitget OTC service accepts Visa, ApplePay, GooglePay and US dollar credit cards:

1. Select "OTC" on the Bitget wallet homepage.

2. Select “USDT” or another token you want to buy, such as USDT on the Polygon Network.

3. After payment, you will see the purchased USDTBitget wallet homepage.

4. Click the "Convert" button to convert USDT to TIA. Enter the amount to be exchanged.

5. Click "Confirm". After the transaction is completed, you will see the TIABitget wallet homepage after the exchange.

What is the best Celestia wallet?

For unparalleled security, ease of use, and the potential to grow with the Celestia ecosystem, Bitget Wallet (web3.bitget.com/zh-CN) is your clear choice. Trusted by millions around the world, Bitget Wallet provides the perfect home for your TIA tokens - whether you're an iOS, Android, or Chrome extension enthusiast. Its streamlined asset management simplifies your blockchain experience.

Bitget Wallet's commitment to innovation makes it an ideal partner for Celestia's continued development. Enter the vibrant world of DApps and explore over 100 supported mainnets with this versatile tool. Whether you're new to blockchain or a seasoned veteran, Bitget Wallet's secure, user-friendly, and powerful features are ready to support your Celestia journey.

Enhance your Celestia experience – download the Bitget wallet now!

How to download Bitget wallet and create Celestia wallet?

1. Go to Google Play or App Store to download the Bitget wallet (web3.bitget.com/zh-CN).

2. Install and start the Bitget wallet. Select "Create Wallet", check "Celestia" on the main network selection interface, and click "OK".

3. The Celestia (TIA) wallet is now available on the home page. You can start trading or buy TIA through OTC.

Bitget Wallet is a multi-functional Web3 crypto wallet that supports 100+ blockchains and 250,000+ cryptocurrencies, offering competitive exchange rates and seamless DApp integration.