Venture capitalist Chris Burniske reaffirms his stance on one of his top altcoin picks for this crypto market cycle.
Burniske say on social media platform
The investor also says that there is great fear surrounding TIAs unlock token next month is probably an exaggeration.
“I’m still longing for TIA, while haters are sleeplessly riding the downward momentum. When Celestia recovers, I won’t be haunted by the thought, “Instead of booing, I could have bought TIA <$5...
Everyone and their mother are fixated on the ‘big $TIA unlock’ in October. Paid groups and momentum-bottom trolls are drooling with joy, claiming that $TIA will be crushed if the ‘evil VCs’ get liquidity, and thus pile into these expensive shorts.
What TIA bottom trolls don’t understand:
1)Celestia as an ecosystem is firing on all cylinders, with an ideologically committed and diverse group of builders experimenting with zeal. Reminds me of the early Bitcoin, Ethereum and Solana energy.
2) The ‘evil VCs’ that gain liquidity are unlikely to disappear in October as expected, as they see the ecosystem strength and ambitions of the team. Many of TIA’s largest lenders are less short-term focused than portrayed.
3) When the unlocking occurs, it is likely that Mr. Market realizes that there is much less selling pressure than these shorts expect, and that the shorts will be blown out if they are not blown out sooner.
4) Buyers who have been sidelined and worried about the unlock overhang will be reassured by both positive price action and the reduction in uncertainty, allowing them to take action.
5) The TIA market has been freed from the current semi-paralysis.”
Celestia aims to be a “modular data availability” blockchain that grows with the number of users it has, offering users the ability to launch their own chain.
At the time of writing, TIA is trading at $4.84 with a market cap of $1.02 billion.
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