A recent endorsement by former Binance CEO Changpeng Zhao (CZ) of the blockchain-driven travel platform Travala has skyrocketed its AVA token by more than 300% in the last 24 hours.<\/p>\n
The surge also follows a series of announcements, including new market listings and milestone achievements for the company.<\/p>\n
On December 11, Travala reported that its annual revenues had reached $100 million, up from $59.6 million in 2023.\u00a0This achievement was made possible by the growing demand for flight and hotel bookings paid using crypto. It also coincided with the firm\u2019s disclosure of a new strategy: It intends to hold a portion of its treasury reserve in AVA and Bitcoin in the manner popularized by Michael Saylor\u2019s MicroStrategy<\/a>.<\/p>\n However, Zhao\u2019s December 12 post<\/a> on X highlighting his firm\u2019s early investment in Travala, dating back to the pre-COVID era, tipped the scales, getting the market excited and fueling investor curiosity.<\/p>\n Hailed as one of the \u201cOG of Crypto\u201d by some X users, Zhao\u2019s influence within the blockchain and crypto sector is well-documented<\/a>. By drawing attention to Binance\u2019s early involvement, he not only reinforced Travala\u2019s credibility but also signaled its potential for long-term growth \u2013 at least that\u2019s how the market took it based on the price\u2019s performance.<\/p>\n According to the social metrics platform LunarCrush, CZ\u2019s post, viewed more than 1.3 million times, caused a marked rise<\/a> in AVA-related social activity. As a result, it experienced an explosive 350% price rally, jumping from $0.75 to a peak of $3.38 in just one day.<\/p>\n At the time of this writing, the token was still almost 310% higher than its level from 24 hours ago. Its current price also represents a 286.6% improvement over seven days and an even more impressive 541% jump over 30 days.<\/p>\n Additionally, it registered a 24-hour trading volume exceeding $890 million per data from CoinGecko, a 28,436% increase across the period, highlighting the catalytic nature of CZ\u2019s post.<\/p>\n With a circulating supply of 56.3 million units, each costing over $3.00, AVA now boasts a nearly $172 million valuation, placing it at #445 on the list of cryptocurrencies with the largest market caps.<\/p>\n The token has massively outperformed the broader crypto market, which is down 2.20% in the last seven days, and similar Ethereum ecosystem assets, which are up 12.7% on average.<\/p>\n The post This Altcoin Exploded by 300% After Changpeng Zhao (CZ) Tweeted About It<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" A recent endorsement by former Binance CEO Changpeng Zhao (CZ) of the blockchain-driven travel platform Travala has skyrocketed its AVA token by more than 300% in the last 24 hours. The surge also follows a series of announcements, including new market listings and milestone achievements for the company. CZ\u2019s Influence On December 11, Travala reported […]<\/p>\n","protected":false},"author":0,"featured_media":28392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-28391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28391"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28391"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/28392"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Performance and Outlook<\/h2>\n