As a seasoned crypto investor with over a decade of experience under my belt, I’ve learned to keep a keen eye on key players like Changpeng Zhao (CZ) and his strategic moves. The recent announcement of Binance investing in Travala before the pandemic and crypto winter has undoubtedly been a game-changer.
Changpeng Zhao’s recent announcement about investing in the crypto travel platform has driven a significant surge in the price of Travala’s native AVA token.
It’s been disclosed by Zhao, the head of Binance, that Binance made an investment in the cryptocurrency travel platform, Travala, prior to both the outbreak of the COVID-19 pandemic and the “crypto winter.
Following Travala’s achievement of reaching an annual income of $100 million, this update is being shared. Notably, the platform has been instrumental in boosting the use of cryptocurrencies within the travel sector.
After a significant surge, as per CZ’s latest tweet, the value of the AVA token has skyrocketed up to 20%. Currently, the AVA token price stands at approximately $2.51.
This surge in the token’s value highlights a growing interest in the platform and its potential in the crypto and travel sectors.
Beyond this milestone, Travala has implemented a fresh approach by establishing a reserve fund incorporating AVA and Bitcoin (BTC). This strategic decision is an integral part of the company’s endeavor to fortify its standing and foster broader cryptocurrency usage in travel reservations.
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2024-12-13 00:04