While volatility and uncertainty continue in the crypto markets, some names continue to strongly believe in certain projects. Chris Burniske, former president of Ark Invest and current partner at Placeholder VC, reiterated his confidence in TIA on social media on September 15. Burniske emphasized that TIA, CelestiaOrg’s native altcoin project, has significant potential and that its value is underestimated, contrary to the current perception in the market.
Burniske spoke about altcoin Celestia
Burniske’s statements included harsh criticisms of investors who took short positions in TIA. He made a bold call to investors, saying: “I am still optimistic about TIA and those cowards will only take short positions. When CelestiaOrg recovers, I will not be the one who thinks ‘I could have bought TIA for under $5’, on the contrary, those who mocked it will regret it.” With these statements, Burniske clearly demonstrated his confidence in the Celestia project and stated that the token has great potential in the future.
According to Chris Burniske, investors who short TIA are missing the fundamental values underlying the token. Burniske believes that those who underestimate TIA do not understand the following fundamental points:
- CelestiaOrg Ecosystem is Operating at Full Capacity: According to Burniske, altcoin Celestia is actively supported by a large developer community. A group of passionate developers with different skills continue to work on the ecosystem, which is pushing the project forward strongly.
- VCs Not Expected to Make a Big Sell in October: Burniske rejects the portrayal of venture capitalists (VCs) among Celestia’s backers as “bad-faith.” Despite the liquidity that will be released in October in particular, he argues that these investors see the ecosystem progressing and are unlikely to initiate a major sell-off.
- Long-Term Thinking Backers: Burniske notes that TIA’s major backers are not focused solely on short-term gains. Despite outside criticism, these investors are evaluating the project from a long-term perspective and are confident in Celestia’s future potential.
- Price Movements Encourage Buyers: He believes that positive developments in TIA’s price and the reduction of uncertainty will stimulate potential buyers who have been waiting on the sidelines for a long time. He states that buyers are likely to enter the market, especially with the removal of some key market pressures.

TIA’s Market Performance: Bullish Signals
Burniske’s statements and confidence in TIA are also supported by market data. According to data from the HTX exchange on September 15, TIA’s value has increased by more than 11% in the last 24 hours, with the token temporarily trading at $4.94. This rise was also noted by other investors in the market, leading to further speculation about TIA’s potential.
Investors who seek to profit by taking short positions in crypto markets often predict that an asset’s value will fall and try to profit from this decline. However, as Burniske argues, given Celestia and TIA’s current market dynamics and commitment to the project, the decline these investors are expecting seems unlikely to occur. On the contrary, the growth potential of the ecosystem and TIA’s future price movements could present a long-term investment opportunity, as opposed to investors’ short-term profit-oriented strategies.
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