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Coin Bureau host Guy Turner is predicting that a top-50 altcoin by market cap could appreciate by triple digits.<\/p>\n
Turner tells<\/a> the 2.39 million subscribers of the Coin Bureau YouTube channel that the novelty of Celestia (TIA<\/a>), a decentralized network that allows anyone to deploy their own blockchain easily and at a minimal cost, could be a bullish catalyst.<\/p>\n \u201cCelestia is a brand new cryptocurrency with an Innovative technology that could truly shake up the crypto ecosystem. The speculation around this fact alone could be enough to pump tier by up to 10x even with a much larger market cap.\u201d<\/i><\/p>\n Celestia is trading at $15.74 at time of writing, up by around 658% from a price of $2.08 reached on October 31st of 2023.<\/p>\n According to Turner, Celestia\u2019s price trajectory will depend on achieving the crypto project\u2019s product road map which includes introducing on-chain governance as well as enabling scaling solutions for the blockchain to be independent and thus rendering the use of bridges unnecessary.<\/p>\n \u201cWhether TIA can pull a 10x ultimately depends on Celestia\u2019s upcoming milestones\u2026<\/i><\/p>\n B<\/em>esides governance there is one milestone that Celestia seems to implicitly have\u2026 It\u2019s the idea that rollups, also known as layer-2s will become their own sovereign chains that leverage Celestia for consensus and data availability.\u201d<\/i><\/p>\n On what could be an impediment to the continued price appreciation of Celestia, the Coin Bureau host says,<\/p>\n \u201cTIA\u2019s biggest hurdle is going to be its market cap, which is already around $2.5 billion. When that vesting cliff comes in the autumn, it\u2019s likely that TIA\u2019s market cap will surpass $5 billion. As TIA\u2019s market cap grows, it will become harder to push up its price.\u201d<\/i><\/p>\n