While the rarity of the Traveling Chocobo's several variants and exclusive prints significantly helps their desirability, the Traveling Chocobo's real power comes from how incredibly capable the new card is for landfall decks
Plus that Cheer ability doesn't matter if the counter is a negative one either, thankfully if you get to proliferate you choose which counters to increase
(3) Once per turn, when your opponent activates a card or effect (Quick Effect): You can banish this card (until the End Phase), and if you do, negate the activation, and if you do that, banish that card
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With double strike and haste, it hits hard and quickly
During each of your Standby Phases: Increase the Level of this card by 1