Taking a look at Celestia

Good morning/evening
 
So as you may be aware from some of my previous posts, I have a bag of TIA (Celestia), now I used some of the earnings from my Helium miners to buy this in the sole purpose of being eligible for airdrops, well I was late to that party as I didn't receive any airdrops lol! Although I did make sure that I had enough TIA to be eligible, I even tried a few of the DeFi options with some extra TIA like Quasar and Milky Way. Still nothing. So back in December when thinking it was time to get out at at least break even I started unstaking, but I was late again as by the time the 21 days were over TIA had dropped like a stone and kept doing so, which brings me to now, where we may have a couple of options to get out intact, now my husband is thinking perps and probably shorting it, while I am thinking more day trading even if the range is quite small. (I have done both options with HNT over time and usually do quite well although the range with HNT is probably bigger).
 
So what is Celestia?
 
Celestia (TIA) is a modular blockchain network that was purpose built to allow developers to launch their own custom blockchains with minimal overheads and maximum flexibility. Unlike traditional monolithic blockchains that bundle all core functions execution, consensus, and data availability into a single layer Celestia has different layers for each function.
Diagram https://celestiadata.com/
 
 
At the heart of Celestia’s innovation is its use of Data Availability Sampling (DAS) data can be accessed and verified efficiently without requiring every node to download the full dataset. The modular nature of Celestia makes it scalable with many interoperable blockchains which all sounds great but there are so many blockchains now, how can you stand out? 
 
Celestia Airdrops
 
Celestia's first airdrop distributed 60 million TIA tokens (6% of the total supply) to early contributors and users. (I was not early so nothing here for me!) The airdrop rewarded 7,579 developers and 576,653 users based on their contributions and activity.
 
ALT Layer
 
Now although I do have some ALT layer (It was a token I had researched and bought on day 1, I did not receive any in an airdrop)
 
Milky Way (MILK)
 
Again I did have some money in Milky way and I did earn some M points but I unstaked before any airdrop, I also had a small amount in Quasar. Perhaps if I had not unstaked in December I could have actually received an airdrop from the January snapshot!
 
Dymension (DYM)
 
This airdrop happened before I had the minimum staked TIA lol!
 
Several other projects have announced or conducted airdrops for TIA stakers

• Movement Labs (MOV): Focused on modular infrastructure, offering airdrops to TIA holders.
• Doki (DOKI): A project that included TIA stakers in its airdrop campaign. (I did follow this on socials for a while but it was strange) 
• Caldera: A no-code platform for deploying rollups, potentially rewarding early testers.
• Eclipse: A customizable rollup provider with testnets available for developers.
• Quasar: Offers yield farming opportunities for milkTIA holders, with potential airdrops.
• Demexchange (Demex): A decentralized exchange that may reward users who interact with milkTIA on their platform.

Well it looks like I might miss out again but they like to 'keep you on the hook' with the possibility of future airdrops, I have not sold my TIA yet so I could re stake it, but I wont because I have just way too many tokens and I only held TIA in the hope of airdrops and plan to either trade out or perp it. A lesson learned is that I am not an airdrop farmer, joining all the socials and then the dex of the chain, swaps, bridging and all the other things just takes too much time and referrals, well I am just so bad at that!
                            
 
Celestia usage
 
So is anyone actually using Celestia now?
http://dune.com/
 
 
It does not look great, and what good is a blockchain if nobody is using it? Solana has that one in the bag with around 70% of all blockchain usage and there is not a lot that can compete with that!
 
Token unlocks
 
Well this does not look great either, there are still a lot of tokens to be unlocked diluting the price further and the next 3% will be unlocked on June 1st.
 

 
So then, although we may well say we are in this for the tech (Yes the tech is great, there have been some amazing developments and innovation in crypto, with things happening that we probably couldn't have imagined 10 years ago) but we are all here to earn a bit. Never have I heard 'yay my portfolio is down 50% but its ok because the tech is amazing'!
 
Price action
 
This is a sad chart to look at, yes a lot of the ALTs look the same at the moment, but when there are thousands of projects/chains how many do we actually need? How many do people actually use? In 5 years I have used no more than 12 chains. Tron was my first because when I was buying Helium miners, there were 2 options ETH at $20 fee or TRON for a $1 fee, even if I had known anything then about Justin Sun and Tron I probably would have still used it, and hey I had like 15 of them so those fees add up.
 

 
So this looks to me like it is dying a slow death, with the odd spark of interest, but can I really see it going anywhere? No not really, not without some huge dose of hopium and we all know hopium is not the best strategy in crypto.
 

 
Yep well I would say this boat has sailed and I missed my moment, my fault I know as there were opportunities to sell at a profit but when you are in that euphoric crypto bubble where everything is going up, it feels like it will last forever, even though we know it won't and could drop 20,30 or even 50% by the time you wake up in the morning! 
 
My take
 
With so many projects now, they cant possibly all be winners and when people choose to invest in a project or a chain, we will have to be a bit more selective or choose your exit time wisely, unlike me. I believe the days of all ALTs going up could be over, perhaps ALT season will never be the same but I don't have a crystal ball, I could be wrong and I am still learning and have tried out lots of different things to see what works for me and I do know that Bitcoin is going to be my main holding again next season. Buy it in the bear market and wait, sounds boring but it works.
 
What are your thoughts on Celestia or even ALTs in general? Do you hold any TIA? Are you expecting an ALT season rally at some point?
 
As always thank you for reading and please feel free to comment as I woukd love to hear your thoughts.