2024

Can a token that has soared nearly 500% in the first quarter of 2024 climb even higher? Many skeptics argue that most crypto tokens seldom revisit their peak levels after such a meteoric rise. Yet, experts argue that CHO is an exception to the rule. They are confident not only in its potential for further gains but also in its significant undervaluation at the current price of $0.0694. What fuels their optimism? Through our research, we've discovered all the reasons that make CHO a&nbsp;<a href="https://thebittimes.com/why-is-cho-token-on-everyone-s-lips-bullish-buzz-extending-from-choise-ai-s-rapid-progress-to-impending-bingx-listing-and-beyond-tbt86036.html" target="_blank" rel="noopener noreferrer nofollow">true hidden gem</a> with so much room for growth.
<h2 dir="ltr" id="span-the-most-recent-updates-that-could-drive-up-cho-s-price-span">The Most Recent Updates That Could Drive Up CHO’s Price</h2>
<h3 dir="ltr" id="span-cho-launches-on-bsc-span">CHO Launches on BSC&nbsp;</h3>
<a href="//choise.ai" target="_blank" rel="noopener noreferrer nofollow">Choise.ai</a> has been serving the community with bi-weekly updates for some time now. Recent bullish news includes the launch of CHO on the BSC network, accompanied by a lottery with a $500,000 prize pool for those who transfer CHO to BSC. This is good news as the BSC network offers lower fees, increasing the token’s appeal for everyday operations and making it widely adoptable.&nbsp;
<h3 dir="ltr" id="span-choise-ai-building-a-base-for-the-ultra-secure-crypto-wallet-span">Choise.ai Building a Base for the Ultra Secure Crypto Wallet</h3>
Another factor that reinforces optimism is the development of Tringlr, a new hybrid SMPC technology, that will serve as the foundation for the most secure digital wallets ever built. Here, CHO will be used for transactions and fees and will be credited to secure agents who approve transactions, which only extends its use cases.
<h3 dir="ltr" id="span-b2b-revenue-sharing-and-the-launch-of-a-new-staking-platform-span">B2B Revenue Sharing and the Launch of a New Staking Platform</h3>
However, as great as this news is, the announcement that Choise.ai <a href="https://thebittimes.com/5-small-cap-crypto-gems-below-1-with-high-investment-potential-tbt85159.html" target="_blank" rel="noopener noreferrer nofollow">will be sharing up to 20% of its B2B revenue</a> made through Vault with CHO holders is really standing out. Vault already closed 54 clients and operates in a multi-million dollar business, with the potential to achieve revenues of $180 million by 2025. And that's just the beginning; since the revenue will be shared via the new VLT token, everyone who stakes CHO will have the opportunity to get between 20% to 150% worth of VLT.
Staking CHO <a href="https://charism.io/staking" target="_blank" rel="noopener noreferrer nofollow">already offers</a> a 28% APY, which is impressive, but now, with this new token, it is set to become even more enticing. Judging by the post on X from Vlad Gorbunov, founder of Choise.ai, the VLT distribution is almost there.
<img src="https://lh7-us.googleusercontent.com/YxuJcXi3b7H8bUg596xgR4KRoIQ0B99Yx0WwE8YALimSEZDPYJI6wum6Uz5VxhY6qXfc0BUtMl4YXb-K4SmmV5__k56R2O0v5Bphfvg-hLKgOlOro20Kwtb9BoGnyFO9qgko2tkCrm2xFULe84Tmsbc" width="528" height="428" style="display: block; margin-left: auto; margin-right: auto;">
Source: <a href="https://x.com/gorbunov_vl/status/1790858876008435815" target="_blank" rel="noopener noreferrer nofollow">X</a>
It's important to note that initially, VLT tokens won't be available for purchase elsewhere but will only be credited to CHO stakers. Its value will be fixed at $1, and the distribution will be equitable, with early buyers and supporters benefiting the most. So, the sooner you buy and stake, the more VLT tokens you will get.
<h3 dir="ltr" id="span-l2-entropy-in-the-development-too-span">L2, Entropy, In the Development, Too!</h3>
Being the backbone of Choise.ai, CHO has a special place across the entire ecosystem and within each of the products built by this team. Now, they're developing their own Layer 2 (L2) blockchain. <a href="https://choise.ai/announce/entropy-blockchain-platform" target="_blank" rel="noopener noreferrer nofollow">Entropy</a> is an L2 the world has not seen before, in which artificial intelligence will play a significant role. Within this AI-powered ecosystem, AI agents will write, execute, and optimize contracts on their own, which will ensure maximum precision and efficiency.&nbsp;
One of the ideas behind Entropy is to offer a no-code environment to anyone interested in developing blockchain solutions, even to the ones without prior knowledge. Additionally, this L2 will provide developers with the chance to monetize the AI models they built by listing and selling them on a marketplace. Entropy will be a platform where everyone stands to benefit!
With the launch of Entropy, the CHO community will gain exclusive access to the latest platform features, airdrops, and partner benefits. It's utility at its finest!
<h2 dir="ltr" id="span-experts-opinion-on-cho-span">Experts’ Opinion on CHO&nbsp;</h2>
CHO is a token gaining widespread attention on the internet, with numerous media outlets, popular crypto traders and analysts sharing about the latest Choise.ai news, CHO use cases, price movements, and predictions.
All the popular crypto news sites mentioning CHO view it as one of the most promising tokens, an undervalued gem, or discuss it in the context of the developments happening within the ecosystem.
<img src="https://cdn.thebittimes.com/images/2024/05/25/1716597460.webp" width="800" height="375" style="display: block; margin-left: auto; margin-right: auto;">
According to the technical analysis KOLs like Justice Alstein trader, and others are sharing on X, CHO is poised for an uplift from its current levels.&nbsp;
<img src="https://lh7-us.googleusercontent.com/5o1r-9VuLZuRzpgFgpOxmI0tuWoKoIVWXx8QCECuJLf1a-vcYBxiJ49L2tTfI-9rJLgm2-8I0HRjONGOyU2Vlf3f4Na4xJdFpYUY3q3zSrKf8btrVBdaHcCRZnuQ40V-cDhLkYXtFM2IdjSICnXofAs" width="528" height="457.0031547600941" style="display: block; margin-left: auto; margin-right: auto;">
Source:&nbsp; <a href="https://x.com/offshoda/status/1793684477706703090" target="_blank" rel="noopener noreferrer nofollow">X</a>
Additionally, these analysts are accumulating the token and are enthusiastic about the developments within the Choise.ai ecosystem, expecting CHO to potentially rise 20-30 times up from its current price level.
<img src="https://lh7-us.googleusercontent.com/B10oc_Bk3lpvEUaOP9h6rWQJK67qvp7GFLxGFWGoW-xHppA-o1xP0bevdmyCes2lvm7Y18eklclZQF7RlycGzowBw4qb8LI0tojNFMQSv31g8lieioKvbbc5Zs9Eqv8hYSFvMfRWvFPIern7pPBikXM" width="528" height="476.56114375211286" style="display: block; margin-left: auto; margin-right: auto;">
Source: <a href="https://x.com/Altsteinn/status/1792588741946613820" target="_blank" rel="noopener noreferrer nofollow">X</a>
<img src="https://lh7-us.googleusercontent.com/kMmFuyYjUW3DXVHjql54LKT4IY8F9LLSbOrogCPs7aeWM74ZFP1GHHlx-_0FV1Vtl7ZTAmQZQTHriBe1Uk742EHxYlbMgpHTQMejAj2ygCwQ2UoR8zeW6aXVWKYVBFEJo5VTfmQ79dUp_amlRdToOow" width="528" height="478" style="display: block; margin-left: auto; margin-right: auto;">
Source: <a href="https://x.com/Degen_Hardy/status/1792508709152915619" target="_blank" rel="noopener noreferrer nofollow">X</a>
The news of the new VLT token launch, the CHO staking platform going live, and Entropy have spread through the community like wildfire, and now everyone is talking about these initiatives, expecting the token to react positively to it, too.
<img src="https://lh7-us.googleusercontent.com/8v7SsVGBZ-zQeQuX6gawkAnyy2xVeyRwZMBfa1Yi1rcxwJZTh19ZzFO3FJ_kJnT2tTNQbRBGSmAVPJT9lQRlzca798tsucRG1RnmQpp1RN8mialqflLnqiLfg13vClOTBSV9fsasxXW1xULNzoGWBYE" width="528" height="195" style="display: block; margin-left: auto; margin-right: auto;">
Source: <a href="https://x.com/altbullx/status/1791608009921012181" target="_blank" rel="noopener noreferrer nofollow">X</a>
<img src="https://lh7-us.googleusercontent.com/Bc2iKM0D-UeUQs6Vy2gUAzDQeduJNI0982IBA0kZ09P67IKOPcHnitmMmjY6qg6EDNeEw2rkrrSdFC4rVDMJU6qxWI1_GME7S7Vt1LHAzvj8MUzAnnxT20thX94MEhanelnEa0Khrcjb2SENEijk4Mg" width="528" height="475" style="display: block; margin-left: auto; margin-right: auto;">
Source: <a href="https://x.com/alicejamess01/status/1792591937121169810" target="_blank" rel="noopener noreferrer nofollow">X </a>&nbsp;
<h2 dir="ltr" id="span-favorable-cho-price-predictions-by-data-aggregators-span">Favorable CHO Price Predictions by Data Aggregators</h2>
Data aggregator sites like DigitalCoinPrice, PricePrediction, or CoinCodex all indicate that CHO's movement is likely to trend upward in the medium and long term. The maximum estimated price for CHO in 2024 varies between $0.12 and $0.15, suggesting a potential doubling from the current price, without factoring in the ongoing stream of bullish news from the team.
<img src="https://lh7-us.googleusercontent.com/3jObyaGopDWsimjPsI8BWuuwcJVadT4hzQwajF700Dl6NvOOzWmzCOlBVCwy72eiTvfS7e0rDcdTKPPIMfRT1UZUGumPoMAAwoLunci_hok4-55FFgc2xiS1aE0i6HooDHE_-E2DNi92msHfa-91YAU" width="528" height="222" style="display: block; margin-left: auto; margin-right: auto;">
Source: <a href="https://digitalcoinprice.com/forecast/choise" target="_blank" rel="noopener noreferrer nofollow">DigitalCoinPrice</a>
For 2025 and beyond, data aggregators predict a continuation of the bullish period, with the price of CHO ranging from $0.14 to $0.32 in 2025 and potentially reaching up to $1.33 by 2030.
<img src="https://lh7-us.googleusercontent.com/uUf5FqCoG0p5uZnYfb3XeBlwSyS5fLDaLeuU_ZHof8EtWkLYd_9nHm0BI3jRLHBTufBXCDTmGMK64DQTi2j66mW2YPfwQAWYZfl2CgeFivPn0Dm_aMiOW5j23Xk0ZMUqiwL5zI2xbFDp0Tkil5b886o" width="528" height="276" style="display: block; margin-left: auto; margin-right: auto;">
Source: <a href="https://priceprediction.net/en/price-prediction/choisecom" target="_blank" rel="noopener noreferrer nofollow">PricePrediction</a>
<img src="https://lh7-us.googleusercontent.com/0qB1KzcpjOxVTavNZ47a1unfOnjFytJm88RaMdw_xllivDcW4JX0c-G3qd-rKLYKggfCjdZwEBT8ojhXGRXfcaWg0H1E1Tn_VH4oqood9JFDcXrRhJcD_wm2QO-vARrMujD0jCmOWEmdVyhLWcIi2w4" width="528" height="196" style="display: block; margin-left: auto; margin-right: auto;">
Source: <a href="https://coincodex.com/crypto/choise/price-prediction/" target="_blank" rel="noopener noreferrer nofollow">CoinCodex</a>
<h2 dir="ltr" id="span-technical-indicators-affirm-cho-s-potential-for-a-bullish-rally-span">Technical Indicators Affirm CHO’s Potential for a Bullish Rally</h2>
Just by examining the trading volume over the past 24 hours, we observe a remarkable increase of over 36% for CHO, accompanied by a rise in its market cap. The buying potential is evident, influenced by all the mentioned factors.
<img src="https://lh7-us.googleusercontent.com/eBSAVk_1P-vRGqGI11ntF4cImH5KbKIydFzcLJ-kR99FvbpVd7Xg_3hCUeczp5xOpclgM3SSgWfh_lM1Xt2J_ExzPPQ6zUpWjT5pfo4KReN9M3GCXQYtCF-yuvCLLZzbTe42XYwvCF7VzUX5-FdWwYY" width="528" height="274" style="display: block; margin-left: auto; margin-right: auto;">
Source: <a href="https://coinmarketcap.com/currencies/choise/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Examining the RSI lines, we notice their close proximity and near overlap, both hovering around 40. This suggests that CHO has emerged from oversold conditions and is poised for an upward movement, as an RSI of 40 typically signifies bullish momentum.
<img src="https://lh7-us.googleusercontent.com/1sMb61U2O8tNce9CB_3wHMUxxOtqL4lrF3enTp_nzJ2tDhAb28ryGPy1umAycEcl9-jFRtZXr0GOPsa3vy5Pg1ExJG_swseKrz189jPDODRCHQkUld49Vt0TgdW-ojSnfhQE8nRnotZlKCFCwmOsQcM" width="528" height="231" style="display: block; margin-left: auto; margin-right: auto;">
Source: <a href="https://www.tradingview.com/chart/BrIIsKU4/?symbol=MEXC%3ACHOUSDT" target="_blank" rel="noopener noreferrer nofollow">TradingView&nbsp;</a>
The CHO/USDT chart shows consolidation around the 20 and 50 EMAs, indicating potential for a bullish move. The 200 EMA is providing strong support, and if the price breaks above the 50 EMA, it could signal a rally towards the 100 EMA while sustaining above this EMA would only confirm a bullish trend.
<img src="https://lh7-us.googleusercontent.com/QhEjgq5qiPnPZdikSiDCTJAF1emmVmlbGcLAe2_aBz_gsMfcE_c3HGBbzvkCCviV_MKrTYTeOYKZaa-XGCo80h7mdbGHtYFc90ogJpmYm6CVaTt6mrHQ7cs6i0M4izzYEKBtL5ER6B8UcRvHNCQjwEQ" width="528" height="231" style="display: block; margin-left: auto; margin-right: auto;">
Source: <a href="https://www.tradingview.com/chart/BrIIsKU4/?symbol=MEXC%3ACHOUSDT" target="_blank" rel="noopener noreferrer nofollow">TradingView&nbsp;</a>
<h2 dir="ltr" id="span-summary-span">Summary&nbsp;</h2>
Considering all the factors, including technical indicators signaling a bullish upside for CHO, data aggregators predicting a significant increase from its current price, and the exciting developments at Choise.ai, it's a no-brainer to conclude that experts are correct in assessing CHO as currently undervalued. Furthermore, taking into account the latest announcement regarding the launch of Entropy, it's reasonable to assume that the token has a good chance of setting a new ATH above $1.38, given its imminent upward movement.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/experts-believe-cho-token-is-heavily-undervalued-what-factors-could-trigger-its-rise-to-higher-levels-tbt89723.html">https://thebittimes.com/experts-believe-cho-token-is-heavily-undervalued-what-factors-could-trigger-its-rise-to-higher-levels-tbt89723.html</a>

Experts Believe CHO Token Is Heavily Undervalued: What Factors Could Trigger Its Rise to Higher Levels?

Table of Contents

TheBitTimes

Other articles published on May 25, 2024

BNB Enters Consolidation Phase After Rally Attempt

Shiba Inu Struggles with Utility Floki’s Market Cap Dips Even After Listing On Coinbase MoonBag T...

Crypto Weekly Report: Exposing Hacks, Heists, & Takedowns

XRP ETF and Solana ETF Likely by 2025: Predicts Standard Chartered’s Geoffrey Kendrick

Lido DAO Price Prediction: Can LDO Reach $5 in the Coming Months?

EU Scrutinizes ChatGPT’s Legal Compliance

Join our free newsletter for daily crypto updates!