CZ "Like" Travala's token price skyrockets, which Binance concept tokens are worth paying attention to?

Author: Nancy, PANews

Recently, as the BNB Chain ecosystem continues to heat up, Binance concept coins have become one of the directions for market speculation. For example, a recent tweet from founder CZ regarding project investment directly drove the token price to surge several times, reflecting the high level of market attention.

Binance Investment Old News Drives AVA Token Price Surge

On December 12, CZ tweeted a review of Binance's early investment in the crypto travel platform Travala, stating, "We invested in the crypto travel platform Travala before the COVID-19 pandemic and before the crypto winter, and we stuck with it." This tweet immediately sparked heated discussions in the market, and the price of Travala's token AVA surged, reaching a maximum increase of about 4.3 times, becoming the market focus of the day.

It is reported that Travala is a blockchain-based travel booking platform that now accepts payments in over 100 cryptocurrencies, with services covering more than 2.2 million hotels in 230 countries. Since its establishment in 2017, Travala has received multiple rounds of financing support from investors, including Binance. The platform also announced a strategic merger with the flight booking platform TravelbyBit and successfully integrated into the Binance ecosystem.

Behind the market's attention to Travala, in addition to Binance's long-term investment and support, its solid business foundation and innovative business model also provide strong support for the token's surge. As the first crypto-native travel booking platform listed by Google Hotels, Travala has been building its business over the past few years. For instance, it recently announced integration with Solana, expanding to a third network beyond Ethereum and BNB Chain.

Additionally, Travala has achieved considerable revenue. According to a recent disclosure from Travala, the platform's annual revenue has reached $100 million and plans to launch a dedicated Bitcoin reserve to further strengthen its financial foundation and drive future growth.

15 Binance Concept Coins, DeFi Is the Key Investment Track

In addition to Travala, the heat of the Binance ecosystem has been continuously rising recently. PANews previously reviewed some potential projects in the BNB Chain ecosystem that have not yet issued tokens.

According to incomplete statistics from PANews, Binance has publicly invested in at least over 110 crypto projects/companies to date. Among them, based on the information disclosed by Binance, PANews has compiled 15 projects with a total financing amount exceeding $10 million and their market performance. These projects all support the BNB Chain ecosystem and have been listed on Binance.

First, from the perspective of financing scale, these 15 crypto projects have performed remarkably well, collectively receiving over $940 million in funding, with an average financing amount of about $62.87 million. Among them, LayerZero, 1inch, and Axie Infinity have all surpassed the $100 million mark in financing, significantly raising the overall average financing level.

From the financing lineup of these projects, Binance and Binance Labs have participated in the investments alongside a series of star venture capital institutions from both the crypto and traditional sectors, including Galaxy Digital, Multicoin Capital, Samsung Next, Coinbase Ventures, PayPal Ventures, Galaxy Digital, Wintermute, and PayPal Ventures. The involvement of these well-known investors not only provides strong endorsement and substantial resource injection for the projects but also further enhances market attention and investor confidence.

In terms of project types, among the 16 projects, half are from the DeFi track, covering sub-sectors such as DEX, lending, LSD, and cross-chain, indicating that the rapid development and innovation capabilities of DeFi are attracting significant attention from Binance and other venture capital institutions. Meanwhile, other investment projects are mainly concentrated in emerging fields such as L2, social, and blockchain gaming, demonstrating the diversification of venture capital like Binance in ecosystem layout and further enriching the diversity of its ecosystem.

In terms of market scale, the total circulating market value of these 16 projects has exceeded $6.18 billion, with an average circulating market value of about $410 million, leaning towards small-cap projects. Notably, the market values of the three major projects, AXS, AXL, and ZRO, are $1.22 billion, $810 million, and $730 million, respectively, far exceeding the average. In contrast, the market values of most other projects are relatively low, with about 50% of the projects having market values below the overall average. This indicates that the projects Binance has invested in are still in the relatively small market value stage, suggesting they may have high growth potential.

The circulating market value is also related to token price performance. From market performance, the average increase of the 16 tokens over the past year is about 18.6%, significantly lagging behind the performance of mainstream coins like Bitcoin and Ethereum during the same period. Among them, only the tokens of ID, ZRO, and ANKR have seen significant increases, far surpassing other projects, indicating strong market appeal. In contrast, the token prices of RDNT, GMT, and CYBER have not achieved effective increases, and their returns remain negative, suggesting that these projects are not currently the market's focus and may be awaiting capital rotation.