AVA price went parabolic on Wednesday as demand for touring jumped. The Travala token rose to a excessive of $1.2400, which was the best degree since August 1. This price was about 81% above the bottom degree this month, giving it a market cap of over $50 million.
Travel demand persevering with
Travala.com is a comparatively small however fast-growing firm that’s utilizing the blockchain expertise to disrupt the huge journey trade.
The firm operates a portal the place individuals 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 is a token based mostly on the Binance Chain (BEP-2), Binance Smart 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 whole reserving price. They additionally obtain as much as 2% giveback. Other advantages of utilizing AVA are voting rights and entry to the proof of journey NFT program.
AVA price has finished effectively prior to now few months as international journey rebounded. According to its website, Travala customers booked 8,433 room nights in July and a couple of,057 flights. Its income rose by 48% 12 months on 12 months whereas the variety of Smart members rose to six,568.
Further, over 16.7% of the circulating provide of AVA has been locked by Smart customers to earn rewards. 75% of all bookings in Travala had been made in cryptocurrencies.
Therefore, the Travala price has risen as buyers anticipate extra development as the journey trade levels a powerful comeback. Indeed, most related corporations like Trip and Priceline have seen their shares climb.
AVA price prediction
The four-hour chart reveals that AVA price has been in a bullish pattern prior to now few days. In this era, the inventory managed to maneuver from June’s low of $0.4570 to at this time’s excessive of $1.2490. It has moved above the 25-day and 50-day shifting averages and the ascending trendline proven in black.
The Relative Strength Index (RSI) has moved above the overbought degree. Therefore, the coin will seemingly resume the bearish pattern as sellers goal the subsequent key help at $0.8487.
