Travala Launches Gasless USDC Payment Protocol on Base

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

ETH-3.761%

DEFI+33.39%

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Gasless Payments: Travala's newly launched protocol on Base allows users to book travel using only USDC, eliminating the need to hold ETH or other tokens for gas fees, thereby lowering the entry barrier for new users and enhancing overall user experience.
Streamlined Transaction Process: By abstracting gas costs behind the scenes, the protocol alleviates concerns about gas fees during travel bookings, similar to the frictionless stablecoin settlement methods being tested by Visa and Brale, aiming to improve payment convenience for users.
Choice of Base Network: By building on Coinbase's Ethereum Layer 2 network, Base, Travala benefits from lower transaction costs and faster confirmations while maintaining Ethereum's security model, creating an ideal environment for payment-heavy travel booking use cases.
Market Potential Signal: Although there is currently no publicly available data on booking volume or user adoption, the success of Travala's gasless USDC payment protocol could serve as a test case for whether stablecoin payments can compete with traditional methods in the travel sector, particularly given the natural demand for alternatives in cross-border transactions and currency conversion fees.

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Technical Analysis for ETH

Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Ethereum (ETH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1315.121	1516.2	1738.331	1939.41	2161.541	2362.62	2584.751
Fibonacci	1516.2	1677.867	1777.744	1939.41	2101.077	2200.954	2362.62

About ETH

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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