Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,407)
  • Analysis (1,592)
  • Bitcoin (2,179)
  • Blockchain (1,278)
  • DeFi (1,500)
  • Ethereum (1,489)
  • Event (56)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,544)
  • Press Releases (1)
  • Reddit (830)
  • Regulation (1,444)
  • Security (2,063)
  • Thought Leadership (2)
  • Videos (41)
Hand picked
  • How do I invest and get into crypto when I’m broke?
  • The Bitcoin spot volume rises 10 times, but traders should be careful – why?
  • The Wood Cathie Ark sells $ 146 million in circle shares in the middle of 250% rally – what stimulates the outing?
  • Geopolitical tensions cause crypto despite the selected Altcoin gains
  • Protect your digital property rights. Brittany Kaiser on the Podcast Alpha Liquid
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Analysis»This Altcoin Exploded 300% After Changpeng Zhao (CZ) Tweeted About It
Analysis

This Altcoin Exploded 300% After Changpeng Zhao (CZ) Tweeted About It

December 14, 2024No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Changpeng Zhao.jpg
Share
Facebook Twitter LinkedIn Pinterest Email



A recent endorsement by former Binance CEO Changpeng Zhao (CZ) of blockchain-based travel platform Travala has caused its AVA token to skyrocket by over 300% in the past 24 hours.

The increase also follows a series of announcements, including new market listings and milestone achievements for the company.

CZ’s influence

On December 11, Travala announced that its annual revenue had reached $100 million, up from $59.6 million in 2023. This feat was made possible by the growing demand for crypto-paid flight and hotel bookings. It also coincided with the company’s disclosure of a new strategy: it intends to hold part of its cash reserve in AVA and Bitcoin in the manner popularized by Michael Saylor’s MicroStrategy.

However, Zhao’s Dec. 12 post on

Hailed as one of the “OGs of Crypto” by some X users, Zhao’s influence within the blockchain and crypto industry is well documented. By drawing attention to Binance’s early involvement, he not only boosted Travala’s credibility, but also signaled its long-term growth potential – at least that’s how the market perceived it based on of price performance.

According to social measurement platform LunarCrush, CZ’s post, viewed more than 1.3 million times, caused a marked increase in AVA-related social activity. As a result, the price saw an explosive 350% surge from $0.75 to a high of $3.38 in a single day.

Performance and outlook

At the time of writing, the token was still almost 310% higher than its level 24 hours ago. Its current price also represents a seven-day improvement of 286.6% and an even more impressive 30-day jump of 541%.

Additionally, he recorded 24-hour trading volume in excess of $890 million per CoinGecko data, an increase of 28,436% over the period, highlighting the catalytic nature of CZ’s position.

With a circulating supply of 56.3 million units, each costing over $3.00, AVA now boasts a valuation of nearly $172 million, placing it 445th on the list of cryptocurrencies with the highest largest market capitalizations.

The token has significantly outperformed the broader crypto market, down 2.20% over the past seven days, and similar assets in the Ethereum ecosystem, which are up 12.7% on average.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to create a new account and receive an exclusive $600 welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to sign up and open a FREE $500 position on any coin!



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous Article6 Best New Meme Coins for Exponential Returns (Analyst Tips for Crypto Beginners)
Next Article Whales are accumulating Bitcoin, Dogecoin, Cardano and another Altcoin amid brief market decline this week, analyst says

Related Posts

Analysis

Geopolitical tensions cause crypto despite the selected Altcoin gains

June 22, 2025
Analysis

Bitcoin crashes on the approval of the Iranian Parliament for the closure of the Hormuz Strait

June 22, 2025
Analysis

A look in the secret plan to sow scientific to double his bitcoin treasure

June 22, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Philippine Blockchain Week 2025 Welcomes Global Web3 Trailblazers to Manila

June 9, 2025

Manila, Philippines – June 9, 2025 — As Philippine Blockchain Week (PBW) 2025 returns for…

Event

ETHMilan 2025 Returns With a Stellar Line-Up at One of Milan’s Most Iconic Venues

June 5, 2025

Milan, Italy – Mark your calendars! ETHMilan, Italy’s largest international Ethereum and Web3 conference, is…

1 2 3 … 49 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

The Wood Cathie Ark sells $ 146 million in circle shares in the middle of 250% rally – what stimulates the outing?

June 22, 2025

Will Sol crash at $ 114? The daily graphic of Solana flashes a lower signal

June 22, 2025

Trader says that the competitor of Dogecoin went to the “gulag” if the level of support collapses, updates the perspectives on the bitcoin and the hyperliquid

June 22, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 100,873.03
ethereum
Ethereum (ETH) $ 2,228.67
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.01
bnb
BNB (BNB) $ 616.09
solana
Solana (SOL) $ 132.06
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.263581
dogecoin
Dogecoin (DOGE) $ 0.150801
staked-ether
Lido Staked Ether (STETH) $ 2,224.33