Keep An Eye On AVA (Travala)
From all accounts the travel industry is looking forward to a bumper summer after having a dismal last two years due to Covid and lockdowns. I think we have all been experiencing the travel bug and have all been looking forward to getting away.
Travala (AVA) has obviously been one crypto that has directly suffered due to travel restrictions and this should be the added boost to get things rolling again. What is there not to like about paying for your holidays in crypto knowing you receive a percentage back like a cash back.
I was reading a report on a poll done with Indian travelers and 70% between the age of 26 and 40 will be paying in crypto. This got me thinking as this is quite a high percentage and possibly it could be to avoid paying taxes as that is what I would do. When you are being penalised so heavily why take it out and instead move it to where one can use it.
As crypto projects go this is definitely a diamond in the rough as just look at the market cap under $40 million. The travel industry is huge and in my opinion AVA is seriously undervalued and a bargain. The total supply is 61 million and what many forget is the quarterly burn that is going to decrease that amount down to 42 million. This is calculated on bookings and with bookings only going to increase this number should tumble at an increased rate.
The numbers speak for themselves as it doesn't take a genius to work out that AVA being at $0.70c then more AVA is required to book flights sand hotels and god knows what else. If the numbers expected for summer this year are what they predict then the demand has to affect the price.
As you can clearly see there is 9 million AVA staked currently on the Smart wallet earning 11% yearly interest. This leaves only 52 million AVA tokens in circulation.
The one thing in crypto that we all know is you always look for low market caps and a small circulating supply combined with a genuine use case. AVA ticks all of these boxes and fits perfectly into my service related crypto portfolio.
Like with anything always do your own research and don't take my word or someone else's word for your investments. There are a number of projects out there that have genuine use cases which should fuel demand creating the injection in the volume raising the values. I believe AVA is one of those that could benefit big time this summer no matter what the crypto markets are doing.
Posted Using LeoFinance Beta
