A widely followed analyst and trader believes that an altcoin project that is on the rise will remain in an uptrend for a while.
The Analyst, pseudonymously known as The Flow Horse tells With its 187,600 followers on social media platform X, Celestia (TIA) could go even higher.
“Buy TIA as long as we keep the volume weighted average price since inception around $5.
While I think this has a future punishing reaccumulation period, I think there is a higher stakes between now and then.
A fast horse and an attention-getter must remain strong for longer.”
Celestia, a blockchain built to allow anyone to launch their own decentralized network at minimal cost, is trading at $5.62 at the time of writing, up more than 136% in the past two weeks.
The trader too weighs about Binance’s settlement with US regulators and the subsequent resignation of CEO and founder Changpeng Zhao.
He say that now that Binance has been effectively neutralized in the US, the giants of traditional finance (TradFi) will now move into the crypto space at a more aggressive pace.
“It’s not about the price. This is about how clear it is that this kind of “We’re going to play ball now because the boogie man is out” kind of story was coming.
Slowly and then all at once…
I’m not saying “It’s starting,” as if Bitcoin is only going up from here. But [the] The bigger picture of the TradFi acquisition taking out ‘the bad guys’ was an easy story to relate to.”
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Featured image: Shutterstock/September 21 Studio/cgterminal
