Benzinga - Celestia’s native TIA (CRYPTO: TIA) token has experienced a meteoric rise by 685% outperforming Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in terms of 2023 gains.
What Happened: This comes as Celestia’s integrations with the Polygon Chain Development Kit (CDK).
Bitcoin and Ethereum have both had year-to-date (YTD) performance, with BTC up 158% and ETH rose 84%.
Polygon teased the integration before it was officially announced, writing “Get ready, modular community,” triggering a climb from $10.36 to $12.35.
Get ready, modular community.Build whatever… with zk.
— Polygon (Labs) (@0xPolygonLabs) December 11, 2023
The Social Dominance score of TIA also rose by 294.6% while social interaction reached 287.27 million, according to data from LunarCrush.
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: Pseudonymous cryptocurrency analyst Pentoshi said, "$tia is a recent good example. From bad to good to bad. The perception of everything is based off price movement. Not fundamentals,” adding that “Narratives are temporary, fleeting, as memories are short. The cycle will repeat eventually coming full circle.”
It wasn't too long ago that the $sol bashing was high and people deemed it a complete failureAt some point that will happen again
Narratives are temporary, fleeting, as memories are short. The cycle will repeat eventually coming full circle
— Pentoshi