$TIA

First, the conclusion (current price ≈ $0.36, as of 2026-05-06):

The likely range for the next bull market (2027–2029):

- Conservative: $5–12 (14–33x)

- Neutral: $15–30 (40–80x)

- Optimistic: $40–80 (100–220x)

- Extreme narrative (modular + AI chain + full on-chain): $100+ (270x+)

1. Why can it reach this range (brief explanation)

1. Industry leader + essential need: Celestia is the absolute leader in data availability (DA), all L2/new chains will use it, it’s a core infrastructure of blockchain “hard drive + bandwidth,” with extremely strong demand.

2. Token deflation + scarcity:

- Inflation has dropped to 2.5% per year (Matcha upgrade)

- Transaction fees are 100% burned (similar to ETH)

- The larger the ecosystem → more burns → less circulation → price appreciation

3. Huge market cap potential:

- Current market cap: ≈ **$330 million**

- Reasonable market cap for bull market leader infrastructure: $30 billion–$1 trillion

- Corresponding TIA price: $30–$100+ (based on 1 billion circulating supply)

4. Dense catalysts (2026–2028):

- Fibre protocol (1Tb/s throughput)

- More L2/public chain integrations (Sui, Aptos, all Ethereum L2s)

- AI chains, on-chain derivatives, full on-chain gaming explosion

2. View by timeline (next bull cycle rhythm)

- End of 2026: $2–5 (5–15x, narrative warming up)

- Mid-2027 (early bull): $8–15 (20–40x)

- End of 2028 (bull peak): $20–50 (50–150x)

- 2029 (late bull/volatility): $15–30 (pullback but still high)

3. Core risks (must be aware)

- Competition: EigenDA, Avail competing for market share

- Unlocks: Large team/institution unlocks in 2026–2027

- Regulation: tightening of crypto policies

- Market: Bitcoin bull market underwhelms

4. One-sentence summary

TIA is the core target of the “modular + infrastructure + deflation” three main themes in the next bull market, starting from $0.36, with a normal expectation of $20–50 at the peak, and $100+ if the narrative is fully fueled; but it’s highly volatile, so you must hold firmly, dare to heavily allocate, and be able to withstand setbacks.