Investor’s Perspective
Venture capitalist Chris Burniske has drawn parallels between the recent performance of Celestia (TIA) and Solana (SOL) in 2020. He believes TIA may have the potential to replicate SOL’s 100x rally.
Solana’s Historic Rise
Burniske notes that SOL experienced a significant dip followed by a remarkable 10,000% rally in 2021. He advises investors to endure market volatility to reap potential rewards.
Celestia’s Current Position
TIA is currently trading at $8.27, down from its all-time high. However, Burniske highlights that SOL also underwent a large token unlock, which ultimately preceded its parabolic growth.
Upcoming Token Unlock
Celestia has a significant token unlock scheduled for October 31, 2024. Burniske suggests that this event may not necessarily be bearish, as SOL also experienced a large unlock before its surge.
Investor Takeaway
Burniske emphasizes that investors should embrace market volatility and focus on the long-term potential of assets. He believes TIA has the potential to follow in SOL’s footsteps and deliver significant returns.
