With the last bear cycle behind us and the bull market sentiment starting to get strong I have been researching on the different narratives that are building up now.
Some of them are hoping for past success stories getting repeated like the memecoin hopefuls who are busy analysing which will be the next memecoin that can do what Degoe did in the last bull run.
A large number of RWA (real world asset) projects have started coming back in the limelight and some new ones are also getting materialised.
People have started backing Gen AI based projects too as their logic is that AI is going to disrupt all aspects of our life then how can crypto be unaffected by it.
I am not saying that I am not considering these narratives as powerful and in fact I have already started taking small positions in some of these projects. I will not get into the details as I want to focus on Celestia in this post and will do separate articles later on Memecoin picks, promising RWA projects and GenAI projects that I think are built on solid concepts.
Why Did I Pick Celestia?
Before each bull there are many competitive blockchains that start gaining a lot of attention and soon everyone starts claiming that it is definitely going to the Ethereum killer. We have seen this happen before with XRP, Polkadot, Cardano, Solana to name a few.
So far none of these contenders have been able to kill or overtake Ethereum but that does not matter as what matters most is that these blue eyed projects become favourite of crypto pump seekers and in terms of %gain outperform BTC and Ethereum.
When I look at the projects making a buzz I personally decided to pick Celestia as it fits the following parameters I was looking for:
New technology offering
-Good experienced team backing it
-Use cases already implemented
-Not based on gimmicky marketing
-Active set of apps surrounding the ecosystem
I was late to the party as I missed claiming the TIA airdrop as it was open for a short window and by the time I got to know about it the team had already closed claims.
As I did not get TIA at this stage I missed the DYM airdrop that followed soon.
Despite missing these 2 opportunities I am still picking up TIA in small batches. Yes small batch here means buying 1 token worth $17 at a time as I continue to face liquidity challenges. Yes, by liquidity challenge I mean to say that I am quite broke.
How to Start with Celestia?
The first step to get started with Celestia is to get hold of Keplr wallet. It will be your best option to interact with the collaborative world of Cosmos, Osmosis and Celestia ecosystems.
If you already have a Keplr wallet with some ATOM and OSMO staked then you are already on the right way.
Most of the recent big airdrops gave strong allocations to ATOM and OSMO stakers. I see this trend continuing and if you stake some TIA as well in your Keplr then you improve your chances further.
Getting 10-15% APY on your staked ATOM and TIA will be an added advantage.
Do You Hold Manta?
If you have some Manta lying idle from the recent airdrop then I will strongly recommend you to stake it on ZeroLend or LayerBank.
Manta was the first big successful blockchain implementation done using Celestia to make their chain 90% more efficient.
There is a good chance that any future airdrop that will reward Manta holders will also consider TIA holders.
What Else Can you do With TIA?
The use cases for TIA keep rising everyday and after you have staked some TIA on your Keplr wallet another good option will be to stake few on MilkyWay to get some milkTIA.
These milkTIA can be further used as collateral on Demex to earn further rewards.
What makes the deal sweeter is that MilkyWay is soon going to do an airdrop and the holders of milkTIA are guaranteed to get a big slice of that cake.
In fact milkTIA staking on Demex is so hot right now that their pool capacity got closed and they have stopped further staking and will release further capacity after a few days.
If you have not used Demex before then feel free to use my referral link - https://app.dem.exchange?referrer=PsXoHSv
Like always make sure to DYOR before taking any actions with your hard-earned crypto.
Cheers,
Sam