Some cryptocurrencies are seemingly positioned for seasonal booms. One of such digital assets is Travala AVA. The network behind it is a travel solution company leveraging blockchain technology to facilitate seamless operations. The crypto community is currently surprised at the recent spike in Travala’s native token, AVA. The coin price skyrocketed on August 24th following the increase in the demand for Travala services, including flights, hotels, and accommodation bookings. Related Reading: Want to Hodl USDC? Check These Indicators First To Ease Doubt As a platform where travelers can handle their bookings with fiat and cryptocurrency, the demand for Travala services increases when traveling activities skyrockets. That’s why the AVA token jumped to $1.24, pushing its market cap above $50 million. According to data, this current price is the highest AVA has climbed since the beginning of August. It also represents an 81% gain from its lowest price in July. The crypto token price spiked following the rebound in traveling. The company website shared an increase in bookings, showing that users made 2,057 flights and 8,433 room bookings in July. Also, the company recorded a 47% increase in revenue and 6,568 new Smart members. Another factor that pushed AVA’s price is the increase in staking activities. According to current data, Smart users have locked more than 16.7% of AVA circulating supply to earn rewards. A...
