Venture capitalist Chris Burniske has reaffirmed his confidence in Celestia (TIA), one of the preferred altcoins in the current crypto market cycle. Despite TIA trading 77% below its all-time high, Burniske expects a significant recovery and continues to accumulate the altcoin.
Growing Interest in Celestia
Burniske expressed that fears surrounding the upcoming major token unlock next month are exaggerated. Many are focused on this significant unlock in October, believing it will negatively impact TIA, which has led some to open short positions.
In his comments, Burniske stated, “I continue to long TIA, while those who hate it are cowardly opening shorts, expecting downward movement. When Celestia rebounds, I won’t be disturbed by the thought, ‘I could have bought TIA under $5 instead of mocking it…’.”
Token Unlock and Market Expectations
Burniske noted that many are focused on the “major TIA unlock” happening in October, mistakenly believing it will devalue the altcoin. He argued that the so-called “malicious” venture capitalists will not sell as expected.
According to Burniske, these venture capitalists understand the ecosystem’s momentum and the team’s goals, making it unlikely they will sell as anticipated in October. Many of TIA’s biggest supporters are less short-term focused than projected.
The Strength and Future of the Ecosystem
Burniske highlighted that the Celestia ecosystem is ideologically aligned and active with diverse developers, reminiscent of the early energy of Bitcoin 
$96,908, Ethereum 
$3,682, and Solana 
$240. He cautioned that those opening short positions would incur losses when they realize the market faces less selling pressure than expected.
The Celestia ecosystem is operating on all cylinders; ideologically aligned and diverse developers are eagerly experimenting. This reminds me of the early energy of Bitcoin, Ethereum, and Solana.
He predicts that buyers, who have been waiting on the sidelines due to concerns over the unlock, will act as uncertainty decreases and positive price movements occur. Burniske believes TIA will recover from its current semi-paralyzed state.
Celestia aims to provide “modular data accessibility,” allowing users to launch their own blockchains while scaling with user numbers. Currently, TIA trades at $4.84, with a market cap of $1.02 billion.
Burniske’s remarks reflect a strong belief in the future of Celestia. The ecosystem’s robust foundations and long-term vision could help overcome short-term market concerns.
Overall, Burniske’s faith in Celestia is grounded in the project’s core values and long-term potential. Investors can set aside anxieties surrounding the upcoming unlock to capitalize on the opportunities Celestia presents.
