Cryptocurrency

AVA price prediction as Travala token goes parabolic

AVA value went parabolic on Monday as buyers 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 value was about 227% above the bottom stage this 12 months.

Travala rebounds

Travala is a startup that seeks to remodel the journey trade utilizing blockchain know-how. It permits folks to ebook and pay for his or her flights utilizing cryptocurrencies. 

The platform is disrupting one of many greatest industries that’s at present 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 resorts 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 might be launched within the coming months. It is usually 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 12 months. As such, many resorts and airways are prone to decline to simply accept the coin.

The subsequent key catalyst for the AVA value 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 sturdy outcomes. 

Analysts consider that the trade is doing properly because the journey sector recovers. For instance, Travala’s income in June was over $5 million, representing a year-on-year progress charge of 44%. The income got here from 9k room nights booked and a pair of,399 flights booked.

AVA value prediction

The every day chart reveals that the AVA value discovered a robust help at $0.4475 this 12 months. It briefly moved barely above the necessary 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 shifting averages.

Due to this fact, there’s a chance that the Travala token will proceed rising as consumers goal the subsequent key resistance stage at $1.50. A drop under the help at $0.50 will invalidate the bullish view.


by way of Cointojournal

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