AVA worth went parabolic on Wednesday as demand for touring jumped. The Travala token rose to a excessive of $1.2400, which was the best stage since August 1. This worth was about 81% above the bottom stage this month, giving it a market cap of over $50 million.
Journey demand persevering with
Travala.com is a comparatively small however fast-growing firm that’s utilizing the blockchain know-how to disrupt the huge journey trade.
The corporate operates a portal the place folks can e book over 2.2 million lodges and lodging utilizing cryptocurrencies. It competes with the likes of Priceline, Expedia, and TripAdvisor.
As a blockchain-first firm, Travala launched AVA, its native token. AVA is a cryptocurrency that folks can use to pay their lodges and lodging. It’s a token based mostly on the Binance Chain (BEP-2), Binance Sensible Chain (BEP-20), and Ethereum (ERC-20).
AVA holders get extra perks after they use it to e book their lodging and flights. For instance, they obtain a 3% low cost on the entire reserving charge. In addition they obtain as much as 2% giveback. Different advantages of utilizing AVA are voting rights and entry to the proof of journey NFT program.
AVA worth has performed properly up to now few months as international journey rebounded. Based on its website, Travala customers booked 8,433 room nights in July and a pair of,057 flights. Its income rose by 48% yr on yr whereas the variety of Sensible members rose to six,568.
Additional, over 16.7% of the circulating provide of AVA has been locked by Sensible customers to earn rewards. 75% of all bookings in Travala have been made in cryptocurrencies.
Due to this fact, the Travala worth has risen as traders anticipate extra development because the journey trade levels a powerful comeback. Certainly, most related corporations like Journey and Priceline have seen their shares climb.
AVA worth prediction
The four-hour chart reveals that AVA worth has been in a bullish development up to now few days. On this interval, the inventory managed to maneuver from June’s low of $0.4570 to immediately’s excessive of $1.2490. It has moved above the 25-day and 50-day transferring averages and the ascending trendline proven in black.
The Relative Energy Index (RSI) has moved above the overbought stage. Due to this fact, the coin will seemingly resume the bearish development as sellers goal the subsequent key help at $0.8487.