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The crypto platform, Ava Labs, recently made the decision to reduce their employee base, laying off 12% of their respective staff. Despite this, Travala, a crypto travel platform that uses AVA as their token, launched a Bitcoin and AVA reserve, which saw the price of AVA Token raise to 240% following a supportive tweet from Changpeng Zhao, founder of Binance, subsequently causing AVA to surge 300% after his announcement of an investment into Binance. This positive sentiment is also reflected in the price of AVA up by 55% in just one day.
AVA has been linked as an emerging force in the upsurge of altcoins, dominating next to XRP and XLM. Meanwhile, in an interview, the co-founder of Ava Labs warned that Satoshi's Bitcoin holdings could be potentially at risk due to advancements in quantum computing. Conversely, he noted the swift development of quantum computing as impressive. Additionally, AVA was identified as one of the 'Undervalued Low-Cap Altcoins Surging Ahead', providing a potential investment opportunity.
In other news, the Ava Labs COO confirmed their X account was hacked and used for promoting a memecoin. However, despite some hurdles, the price of AVA soared by 304% making it an attractive investment opportunity. Partnering with Sony's Soneium for no-code blockchain automation have greatly added to its positive outlook.
AVA Coin News Analytics from Mon, 17 Sep 2018 07:00:00 GMT to Tue, 04 Feb 2025 14:02:01 GMT - Rating 7 - Innovation 6 - Information 9 - Rumor 3