AVA price 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 best stage since May 1st. The price was about 227% above the bottom stage this yr.
Travala rebounds
Travala is a startup that seeks to remodel the journey trade utilizing blockchain know-how. It permits individuals to guide and pay for his or her flights utilizing cryptocurrencies.
The platform is disrupting one of many greatest industries that’s at the moment dominated by the likes of Airbnb, Booking, Expedia, Trip.com, and TripAdvisor amongst others.
Travala is powered by AVA, its native cryptocurrency that’s accepted in over 2.2 million accommodations and lodging around the globe. It is 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 Travel techology that will probably be launched within the coming months. It can also be utilized in Travala’s NFT platform.
Still, the most important problem for Travala is that the AVA token fluctuates on a regular basis. Indeed, the coin has crashed by about 86% from its highest level this yr. As such, many accommodations and airways are prone to decline to just accept the coin.
The subsequent key catalyst for the AVA price is the upcoming earnings by main corporations within the journey trade. For instance, companies like Airbnb, TripAdvisor, and Booking will publish their earnings within the coming weeks. Other well-known manufacturers within the sector like Marriott and Hilton have all printed sturdy outcomes.
Analysts consider that the trade is doing well as the journey sector recovers. For instance, Travala’s income in June was over $5 million, representing a year-on-year development price of 44%. The income got here from 9k room nights booked and a pair of,399 flights booked.
AVA price prediction
The day by day chart reveals that the AVA price discovered a powerful assist at $0.4475 this yr. It briefly moved barely above the necessary resistance stage at $1.0. At the identical time, the MACD moved barely above the impartial level. It additionally rose above the 25-day and 50-day transferring averages.
Therefore, there’s a probability that the Travala token will proceed rising as patrons goal the subsequent key resistance stage at $1.50. A drop under the assist at $0.50 will invalidate the bullish view.
