What is ARPA cryptocurrency & why is it rising?

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What is ARPA cryptocurrency & why is it rising?

ARPA Crypto Price
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Highlights:
  • ARPA crypto's total supply is 1.5 billion tokens, and at the time of writing, 1.24 billion ARPA tokens were in circulation.
  • ARPA Chain claims to be a secure computation network and enables private smart contracts.
  • Last year, Travala had announced that it was looking to integrate ARPA crypto on its travel website's platform.

The price of ARPA Chain (ARPA) cryptocurrency was up 16 per cent in the last 24 hours at US$ 0.06707 per token. At the time of writing, the overall cryptocurrency market seemed to be down.

At 6 AM EST, Bitcoin was down by 13.62 per cent and trading at US$ 36,453.10 apiece. Meanwhile, Ether was trading at US$ 2,431.57 per token as it declined by 22.8 per cent.

Also Read: Should Canadians worry about the proposed Russia crypto ban?

Notably, the 24-hour volume was up 730 per cent to $83.7 million, and the fully diluted market cap was US$ 133.8 million, after rising about 16 per cent.

Why is ARPA crypto rising?

The rise in ARPA crypto's price could be due to the announcement that the virtual currency is live on Travala, a travel booking platform based on blockchain technology.

Last year, Travala had announced that it was looking to integrate ARPA crypto on its travel website's platform. ARPA token holders are expected to book more than three million travel products in more than 230 countries.

ARPA Crypto Price                                                                                                ©2022 Kalkine Media® 

Notably, ARPA crypto's integration with Travala could increase the adoption of this virtual currency.

ARPA crypto's total supply is 1.5 billion tokens, and at the time of writing, 1.24 billion ARPA tokens were in circulation.

Bottom line

ARPA Chain claims to be a secure computation network and enables private smart contracts and scalable computational sharding, among other things.

Meanwhile, Travala is one of the leading travel platforms which are crypto-friendly. Now, as the integration is complete, holders of ARPA crypto could get a chance to book more than 2.2 million hotels and homes and over 600 airlines.

As a crypto investor, if you are interested in ARPA crypto, you can visit cryptocurrency exchanges like Mandala Exchange, KuCoin, Huobi Global, and Binance.

Also Read: What is Tectonic (TONIC) crypto? All you need to know

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