AVA worth went parabolic on Monday as traders purchased the dip within the coin. The Travala.com coin rose to a excessive of $1.50, which was the very best stage since Might 1st. The worth was about 227% above the bottom stage this yr.
Travala rebounds
Travala is a startup that seeks to rework the journey trade utilizing blockchain know-how. It allows folks to e book and pay for his or her flights utilizing cryptocurrencies.
The platform is disrupting one of many greatest industries that’s presently dominated by the likes of Airbnb, Reserving, Expedia, Journey.com, and TripAdvisor amongst others.
Travala is powered by AVA, its native cryptocurrency that’s accepted in over 2.2 million motels and lodging world wide. It’s each an ERC and BEP coin, that means that it’s based mostly on the BNB Chain and Ethereum’s blockchains.
AVA token holders can get reductions, subscribe to a loyalty program, and use the Proof of Journey techology that can be launched within the coming months. Additionally it is utilized in Travala’s NFT platform.
Nonetheless, the most important problem for Travala is that the AVA token fluctuates on a regular basis. Certainly, the coin has crashed by about 86% from its highest level this yr. As such, many motels and airways are more likely to decline to simply accept the coin.
The following key catalyst for the AVA worth is the upcoming earnings by main firms within the journey trade. For instance, corporations like Airbnb, TripAdvisor, and Reserving will publish their earnings within the coming weeks. Different well-known manufacturers within the sector like Marriott and Hilton have all revealed robust outcomes.
Analysts consider that the trade is doing well because the journey sector recovers. For instance, Travala’s income in June was over $5 million, representing a year-on-year development charge of 44%. The income got here from 9k room nights booked and a couple of,399 flights booked.
AVA worth prediction
The each day chart exhibits that the AVA worth discovered a powerful assist at $0.4475 this yr. It briefly moved barely above the essential resistance stage at $1.0. On the similar time, the MACD moved barely above the impartial level. It additionally rose above the 25-day and 50-day transferring averages.
Subsequently, there’s a chance that the Travala token will proceed rising as consumers goal the following key resistance stage at $1.50. A drop beneath the assist at $0.50 will invalidate the bullish view.