AVA up almost 10% to $2.96, corners 17% of crypto travel bookings

AVA, the internally-developed cryptocurrency of Travala — a travel and tourism site that is banking on blockchain and bitcoin — is currently trading at $2.96, up almost 10% as of Friday morning.

AVA has a market cap of $110,996,583 (Rank No. 228), with a 24-hour trading volume of $48,938,376. AVA had an all-time high of $3.48 on February 25, with an all-time low of $0.01218947, on February 27, according to CoinGecko.

As of January, Travala has total sales of $1,275,049, which includes accommodation and flight bookings and integration fees.

The figure represents an impressive 438% year-on-year growth compared to January last year, making this yet again another record month of growth for Travala.com.

17% of 70% in AVA

A decent percentage of all bookings for the month was paid in the native AVA token, making it the second most preferred cryptocurrency payment option next to Bitcoin (BTC).

Of the nearly 70% of bookings, AVA and BTC were nearly equal: 17% were paid in AVA, while 18% were in BTC and only 7% for ETH.

Travala connects travelers with one of the world’s biggest selections of exciting places to stay. It’s the leading cryptocurrency-friendly travel booking service with 3,000,000 travel products worldwide, including hotels, flights, tours, villas, apartments, and 5-star luxury resorts.

The travel platform of choice

The Travala platform currently offers more than 2.2 million properties spanning 90,124 destinations in 230 countries and territories, with prices up to 40% lower compared to mainstream travel booking platforms.

Travala joined forces with TravelbyBit last year and attracted investment from Binance, one of the biggest crypto exchanges in the globe, forming a worldwide agency with access to 600 airlines.

As of February 1, 2021, Travala has a total of 2,912 SMART members. A total of 11,005,000 AVA are locked within the SMART program representing almost 24% of the circulating supply, which is now 46,280,017 AVA.

 

Image courtesy of BitBoy Crypto/YouTube 

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