Rapidly growing modular blockchain layer-1 Celestia has undertaken a major rally since the TIA airdrop, however, with TIA price falling -6% over the past two-days – is Celestia going to zero?
Celestia did what other airdrops such as Arbitrum couldn’t, TIA has mounted a sustained upside move following the airdrop distribution, with limited sell pressure dampening the excitement of participants.
$TIA Let’s see $8 now ! @Nebraskangooner https://t.co/jf9Es4Z384 pic.twitter.com/iyRMG9uCrH
— Screechy Rich (@SreechyRich) November 18, 2023
But with price action entering minor localized retracement follow a recent all-time high at $7.4, could things be slowing down for this airdrop superstar?
TIA Price Analysis: Is Celestia Going to Zero Amid Localized Retracement Drop?
As Celestia ticks down, TIA is currently trading at a market price of $6.67 (representing a 24-hour change of -1.92%).
This comes amid a downside move, triggered by a tough resistance layer around $7.38-$7.40, that has so far seen TIA bleed-out -11% since the all-time high.
Worse still, this localized retracement move has seen a lower low than previous rest-stops on this airdrop skyrocket, in a move that has smashed through the floor of the rally trading channel.
If TIA bulls don’t recover quickly, this break-low could be the first symptom of slowing momentum for the surging chart performance.
Despite this, sentiment behind TIA price remains positive, with the retracement move coming at a time of reduced trading volume, as markets shift bullish on Bitcoin.
Upside targeting here is aiming at a push to new heights around $8 on the short-time frame (a potential +19.43%).
While downside risk here could see TIA plummet back down to $5.97 in a typical airdrop sell-off (a possible -10,88%).
This leaves TIA price facing an ongoing risk: reward structure of 1.79, a reasonable entry with fair upside potential that seems likely given current market sentiment – and certainly not going to zero anytime soon.
Yet, while TIA is retracing, an emerging Bitcoin Cloud Mining project is surging dramatically in presale as Bitcoin finds strength above $37,000.
TIA Price Retracement Alternative? Don’t Sleep on Bitcoin Minetrix Presale As Almost $4.18M Raised
Dive into the innovative world of Bitcoin Minetrix and its pioneering stake-to-mine system – as the skyrocketing presale smashes +$4,180,883 raised.
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The true essence of passive income in the crypto world has never been this accessible.
With the Bitcoin Minetrix approach, gone are the days of heavy initial capital and navigating complex mining contracts.
Bitcoin Minetrix Smashes $4.18M Raised as Traders Rally Against Bitcoin Mining Centralization
No longer the mainstay of basement ASICs, Bitcoin mining is now a multi-billion dollar industry, but with the success of Bitcoin mining centers comes the challenge of increased centralization.
Indeed, with just two mining pools (Foundry USA and Antpool) representing 57.5% of the Bitcoin network hashrate, mining centralization is desperately in need of modern solutions to ensure long-term network security.
This is where the magic of Bitcoin Minetrix comes into play, with Bitcoin cloud mining offering the opportunity for everyday investors to claim their slice of the pie – while bolstering Bitcoin’s network security.
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In effect, this means no more expensive barriers to entry, such as costly hardware requirements or complicated technical understandings – simply buy, stake, and earn to unlock the benefits of Bitcoin mining rewards.
Key Highlights of the BTCMTX Advantage:
Distinctive Edge in the Market: In an industry filled with numerous cloud mining platforms, Bitcoin Minetrix carves a niche for itself. As the first-ever tokenized Bitcoin cloud mining initiative, it offers an automated system that’s geared for cloud-based Bitcoin mining, setting a new standard for the industry.
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Tapping into the Bitcoin Halving Opportunity: Perfectly poised to make the most of the upcoming Bitcoin halving, Bitcoin Minetrix provides investors with a golden opportunity. The impending halving might seem daunting for miners due to reduced block rewards, but historically, such events have driven up Bitcoin’s value. Bitcoin Minetrix provides a platform for investors to tap into this potential surge, sans the associated capital risks.
The BTCMTX Presale Opportunity: The ongoing BTCMTX presale has already garnered significant interest, with over $4.18m raised towards its $4.4M goal. At a competitive price of just $0.0117 per token, early investors have a unique chance to be at the forefront of this stake-to-mine evolution.
In sum, Bitcoin Minetrix is set to redefine the Bitcoin landscape. With its innovative methodologies, stringent security measures, and the vast potential of its stake-to-mine mechanism, it beckons as a lucrative opportunity for early-bird investors.
Secure your position in this transformative journey by joining the BTCMTX presale today.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
The post Is Celestia Going to Zero? TIA Price Suffers 6% Fall as New Bitcoin Mining Project Takes All the Limelight – How Does it Work? appeared first on Cryptonews.
