Travala Token (AVA) surges 300% following CZ’s endorsement and Binance’s early investment

Source Cryptopolitan

Former Binance chief executive Changpeng Zhao (CZ) remains an influential voice within crypto circles. That emerged recently when CZ’s tweet about a leading crypto-centered travel platform saw its token rise exponentially within an hour. The crypto billionaire’s tacit endorsement of Travala on X spurred a 300% spike in the platform’s AVA token price. 

CZ was responding to Travala’s post celebrating a significant milestone in its revenues. His tweet came out as a tacit endorsement of Travala renewing interest in it.

His post went:

We invested in this crypto travel platform pre-COVID, pre-crypto winter, and held on. BUILD.

~Changpeng Zhao


In 2024, Travala grew its 2023 gross revenue by over 67%

Travala has made big strides in consolidating its position within the crypto-travelling/hospitality niche. In 2024, for instance, it recorded annual revenues of over $100 million, a massive jump from the $59.6 million it earned in 2023. 

The firm attributes that spike to an uptick in flight and accommodation bookings on its platform. Users can make reservations for these services in 100+ cryptocurrencies. 

Buoyed by this result, Travala announced it would be setting up its Bitcoin and AVA reserves. It says that the move was vital in expanding its financial muscle. With these additional funds, the company intends to strengthen its foothold within the blockchain-based travel industry and enhance its incentives program.

The firm has pushed innovation in the travel sector

Travala has always championed innovation in the travel sector. For instance, it pioneered crypto bookings using different digital assets. It also introduced Dtravel, a decentralized alternative to Airbnb. Unlike other P2P travel market services, Dtravel hosts have a share in the platform. 

Meanwhile, Binance is ramping up its blockchain investments. This year alone, its investment arm Binance Labs, undertook various major projects. One of these is its collaboration with Kernel to develop restaking infrastructure on its BNB Chain. This infrastructure will support the integration of tokens like BTC and BNB.

Again, Binance pivoted into decentralized scientific research by investing in the BIO Protocol to expand funding in the area. It also funded Lombard, which specializes in Bitcoin liquid staking. These developments highlight its commitment to supporting new projects across the blockchain ecosystem.

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: XAU/USD drifts lower below $2,800   after Trump imposes tariffsGold price (XAU/USD) edges lower to around $2,795 during the early Asian session on Monday.
Author  FXStreet
Feb 03, Mon
Gold price (XAU/USD) edges lower to around $2,795 during the early Asian session on Monday.
placeholder
U.S. March Nonfarm Payroll Preview: Even If Data Aligns with Expectations, Financial Markets May Not Escape the Fate of VolatilityOn 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
Author  TradingKey
Apr 02, Wed
On 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
placeholder
What Crypto Whales are Buying For May 2025Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Author  Beincrypto
Apr 21, Mon
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
placeholder
Gold Price Forecast: XAU/USD attracts some sellers below $3,250 on firmer US DollarThe Gold price (XAU/USD) extends the decline to around $3,245 during the early Asian session on Thursday. The precious metal edges lower to near a two-week low amid easing US-China trade tensions and stronger US Dollar (USD) demand. 
Author  FXStreet
Yesterday 02: 14
The Gold price (XAU/USD) extends the decline to around $3,245 during the early Asian session on Thursday. The precious metal edges lower to near a two-week low amid easing US-China trade tensions and stronger US Dollar (USD) demand. 
placeholder
Ripple Price Forecast: XRP builds bullish momentum as Ripple eyes Circle with $5B acquisition bidRipple’s (XRP) price is consolidating at $2.21 at the time of writing on Thursday, reflecting sideways trading in the wider cryptocurrency market. There is a growing need for XRP to hold above the immediate $2.20 confluence support to validate the potential breakout targeting $3.00.
Author  FXStreet
19 hours ago
Ripple’s (XRP) price is consolidating at $2.21 at the time of writing on Thursday, reflecting sideways trading in the wider cryptocurrency market. There is a growing need for XRP to hold above the immediate $2.20 confluence support to validate the potential breakout targeting $3.00.
goTop
quote