In the early morning of December 13, the crypto token AVA soared 300% in one hour, with the price soaring from $0.8 to more than $3, and the 24-hour increase exceeded 254%. Zhao Changpeng's influence: Binance founder Zhao Changpeng's tweet on the X platform has attracted market attention to Travala. Travala's development: Travala announced that its annual revenue exceeded $100 million and included AVA and Bitcoin in its strategic reserves. The future of crypto travel platforms: With the popularity of cryptocurrency payments, Travala may usher in more market opportunities and capital attention.
In the early morning of December 13, a crypto token called AVA soared by 300% in just one hour. It instantly broke through the $3 mark from around $0.8, setting a record high price since October 2021. As of press time, the AVA token was quoted at $2.6, with a cumulative increase of more than 254% in 24 hours.
What exactly caused the price of the AVA token to skyrocket late at night?
The cause of everything may be traced back to a tweet posted by Zhao Changpeng, founder and former CEO of Binance, on the X platform at 11:49 pm on December 12. Zhao Changpeng wrote: "We invested in this crypto travel platform before the epidemic and before the cryptocurrency winter."
This tweet refers to the project to which the AVA token belongs - the crypto travel platform Travala. On December 11, Travala announced that its annual revenue exceeded $100 million and announced that its token AVA and Bitcoin would be included in the company's strategic reserves. This news immediately attracted widespread attention in the market and provided impetus for the surge in the AVA token.
Behind the Growth of Crypto Travel Platform Travala
According to Cointelegraph, Travala's co-founder and CEO said that the platform has attracted a large number of cryptocurrency investors and travel enthusiasts by integrating cryptocurrency payments, which has driven the rapid growth of the platform. At the same time, as mainstream cryptocurrencies such as Bitcoin are included in strategic reserves, Travala has not only gained popularity in the industry, but also brought strong support to the value of AVA tokens.
This surge in prices undoubtedly proves that the value of certain infrastructure platforms in the crypto market has been re-examined, especially those projects with long-term growth potential and that have received investment from industry giants. In the future, as cryptocurrency payments become more popular, crypto travel platforms like Travala may usher in more market opportunities and capital attention.
Work statement: Personal opinion, for reference only