What is going on with AVA?
Hello Leofinance Community!
AVA, the native coin of TRAVALA, is one of the Coins I have a special focus on. I already wrote one post about it recently. Despite the Alts have a hard time at the moment, look what its currently happening with AVA.
A straight rise from $0,42 to $0,67 trading at $0,598 at the time of writing. This is a 41.5% price increase coming along with an 8fold increased 24h trading volume (700K to 5,800K). It is also up 35% in BTC terms and is worth 4360 Satoshies at the time of writing.
Some Basic Date for AVA
| Market Cap | # Rank | circulating supply |
|---|---|---|
| 20,704,414 € | # 197 | 39,896389 |
| Source |
- Backed by Binance.com, the world’s largest cryptocurrency exchange
- Strategic partnerships with Booking.com, Expedia and Agoda
- Over 150,000 monthly users and 20,000 room nights booked
- High rate of booking and revenue growth despite COVID environment
Tell me WHY ?
It is 22 days ago that Binance launches the AVA Token on their own Binance Smart chain. Furthermore, there is a crowdfunding taking place on crowdcube.com that is running for the next 27day but has already raised £902,840 of planned £500,000. So it as almost 80% overfunded but will have another 4 weeks to raise more money.
The whole Travelindustrie is severely suffering from the COVID-Situation, and so will all the booking sites. It looks like a strong sign of trust if in this situation a new player is able to raise new capital for its business. Surely the funding amount can be added to the token price (around 5% of Market Cap), but could not explain a 50% increase imho. It definitely is a project that is linking Crypto to the real world, as on TRAVALA you are allowed to pay for hotel stays with multiple kinds of crypto. I don´t trust the price action right at the beginning of a new lockdown, that severely hit the business this project is relying on. But I am also not sure if there will be another chance to add up AVA for under 50 cents.
Please make your own financial recherche and come to your own conclusions - this is @no-advice
Posted Using LeoFinance Beta
