AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Established in 2017, Travala was started to make cryptocurrency payments mainstream in the travel industry.
- Travala's native cryptocurrency is AVA, which acts as a utility token for payments and loyalty rewards programs among other use cases.
- Travala claims that it offers travel packages up to 40 per cent cheaper than mainstream travel booking platforms.
While Bitcoin is still the largest cryptocurrency around the globe, it has been highly volatile this year. The volatility and expensive prices of Bitcoin are giving rise to the demand for altcoins.
An altcoin is a cryptocurrency that is an alternative to the world's oldest digital coin, Bitcoin. Notably, some altcoins have gained significant investor attention and grown massively over the past few years.
Once such new altcoin is AVA, the native token of Travala, which is a travel-booking platform based on the blockchain network.
According to CoinMarketCap, AVA token surged by 4.4 per cent in the last 24 hours and its volume skyrocketed by about 353 per cent to US$ 122,038,581.
Let's find more about the travel platform and its digital token.
What are Travala and AVA token?
Established in 2017, Travala was started by Steve Hipwell, Matt Luczynski and Juan Otero to make cryptocurrency payments mainstream in the travel industry. As per the company website, Travala currently has over 2.2 million properties to offer in 230 countries and territories.
Travala claims that it offers travel packages up to 40 per cent cheaper than mainstream travel booking platforms. To explain the reason behind lesser prices, the company claims that it has transparent practices and has no hidden costs.
As decentralized finance (DeFi) services are expected to continue gaining momentum, Travala's vision is to align travel booking with DeFi technology and make its platform accessible to everyone.
Travala's native cryptocurrency AVA acts as a utility token for payments and loyalty rewards programs among other use cases.
Also Read: Keep token’s trading volume up 728%. What is KEEP’s price prediction?
© 2021 Kalkine Media Inc.
Travala's (AVA) price prediction
According to CoinGecko, AVA token has surged by 31.6 per cent in the last seven days and by 419 per cent in the past year.
Up from its all-time low of US$ 0.01218947 per token (February 27, 2019), Travala's native token was trading 35496.5 per cent higher on Tuesday, September 7, at US$ 4.41 per token.
Also Read: Dromos crypto: Price prediction and everything to know about DRM token
As the altcoin is gaining momentum, it could breach the all-time high of US$ 6.45 per token (April 14, 2021) by the end of this year and rise above US$ 10 per token in the first half of 2022.
Bottom Line
The travel industry suffered a huge setback after the COVID-19 pandemic as the world was under lockdown. As this industry is expected to rebound from the pandemic amid increasing vaccinations, platforms like Travala could benefit from it. This could also lead to a higher demand for AVA token.
