Leading Spanish airline Air Europa has partnered with blockchain startup TravelX to promote NFT airfares. After that, tickets can be purchased on TravelX’s Blockchain platform. Analysts predict a breakout in the price of Algorand (ALGO) as the utility of the altcoin project increases.
“Algorand price may rally with partnership news”
Algorand is on its way back as it boosts real-world adoption through a recent partnership between an airline and a Blockchain platform. From this point of view, analysts reveal a bullish outlook in Algorand price.
Algorand could soon power the world’s first NFT airline tickets through a partnership between Spain’s Air Europa and TravelX, a blockchain company. Leading Spanish airline Air Europa has partnered with Blockchain platform TravelX to promote NFTs.
NFTTickets will be available for purchase on the TravelX platform. From April 11, the process will be repeated every two weeks. Fans believe Air Europa’s partnership could boost Algorand adoption.
Users who purchase Algorand collectibles will board a private plane between Madrid and Miami. This flight on 29 November 2022 will carry users to their destinations. Users can request flight tickets from Air Europa while presenting their collections.
altcoin price prediction from Kingthies
As reported by Cryptokoin.com, in mid-2021, Algorand price experienced a sustained decline below the red monthly support and formed a bottom before closing above it. During this period, analysts believed in the bearish scenario. At the time of writing, the altcoin was trading at $0.7266, losing 1% on a daily basis, according to CoinMarketCap data.
Analysts evaluating the altcoin price trend predict a rally for ALGO. According to Kingthies, a prominent cryptocurrency analyst, Algorand and Bitcoin are reminiscent of the cyclical BTC price trend. The analyst states that the Bitcoin price is increasing cyclically at least twice a year, believing that he missed February 2022 and the high is now here. That’s why the analyst predicts a rise in Algorand:
ALGO and BTC reminds me of 2016-2019 DOGE vs BTC in terms of their cyclical and almost predictable pop-ups twice a year. But it missed February 2022 and will save us some bucks. The setup looks nice for similar types of gestures.
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