CHO has been a token widely discussed in recent months, thanks to a couple of really strong reasons that propelled it to its yearly high of $0.143. However, its ultimate peak stands at $1.38 while the token is currently trading at around $0.083, nearly 90% down compared to its all-time high (ATH). While some may argue that most tokens never return to their ATHs, many signs suggest that CHO is undervalued and could even beat its historical zenith. We’ve explored all of them, and this is what the research shows.
How Crypto Traders, KOLs, and Experts Feel About CHO
CHO has been everywhere lately, showing up on social media platforms, CoinMarketCap, Discord, Telegram, and in the media. While many accounts are just mentioning and supporting the vision CHO is backing up, active traders like JUSTICE and Mr. APE are looking at the charts, suggesting entry positions, and providing higher price estimates.
Many KOLs such as GEM DETECTER and DeFi Deck agree that CHO is highly underrated at this level and publicly share about their CHO holdings and the ongoing accumulation.
Meanwhile, CHO has got numerous mentions in the media that are closely watching every move of the Choise.ai team and reporting on the latest developments in the ecosystem that are relevant to the token.
Popular Crypto Aggregators on CHO’s Future Price
It would be somewhat irrational to rely solely on information from social media and community discussions to assess the potential of any coin, including CHO. That’s why we took a further step and dug deeper into predictions shared on popular crypto data aggregator sites that offer short, medium, and long-term forecasts for CHO. Based on what we could discern, the future looks bright for this coin, as all of these sources are forecasting upside potential.
According to CoinCodex, there is an expected nearly 25% increase from the current level to $0.093 and a projected 68% rise to $0.2348 within one month. CoinCheckup’s forecast aligns closely, anticipating an uptick to $0.1066 within the next 10 days and to $0.2349 within a month.
When considering medium to long-term forecasts, most aggregators project a yearly maximum ranging from $0.17 to $0.198, with the exception of Coincu, which predicts the possibility of CHO reaching $3.61.
Looking ahead to 2025 and beyond, it is highly probable that CHO will aim for $1, possibly surpassing it and reclaiming its ATH of $1.38.
What Recent Developments Should Be Considered Regarding CHO’s Price?
BingX Listing
Although CHO had been listed on Uniswap, Pancakeswap, and MEXC, its BingX debut attracted widespread notice to the project. Listing on such a prominent trading platform, being a CEX with millions of users, brought a surge of excitement and increased buying activity on the market. CHO’s price surged from below $0.079 to above $0.095 within a span of three to four days.
Expansion to Binance Smart Chain
At the same time, CHO was launched on the Binance Smart Chain (BSC) network, and the team organized a lottery with a prize pool worth $500,000 for participants who opted to transfer their CHO to BSC. Expanding onto the BSC enables CHO to tap into a vast user base, benefit from lower transaction costs, greater scalability, which altogether can increase its attractiveness and value on the market.
Receiving a Share of Choise.ai’s Multi-Million B2B Revenue
Regarding additional incentives for CHO token holders, they will become eligible to earn up to 20% of the ecosystem’s B2B revenue by staking their assets. As a reward, CHO stakers will receive between 20% and 150% worth of a special VLT token. This user-centric initiative is anticipated to significantly boost CHO staking yields, thereby increasing market demand and appreciation. It’s worth noting that the first distribution of VLT is imminent and will be exclusively available to CHO owners.
Tringlr Technology
Excitement escalated further when Choise.ai announced the development of Secure Multi-Party Computation (SMPC) technology, Tringlr, for building the most secure crypto wallets. CHO will be utilized for transactions, transfers, fees, and incentives for Tringlr’s secure agents, and that’s exactly what is about to really add up to its value. Secure agents, responsible for approving transactions, will be earning rewards for their work in CHO. This all together grows CHO’s economy and creates new use cases for the token.
AI-Powered L2 Blockchain
Just a few days ago, it was confirmed that Choise.ai is actively developing Entropy, an L2 blockchain with an enterprise focus, integrating AI technology – a development that could be the most bullish sign for the project so far.
This innovative blend is expected to attract millions of users to Web3. Entropy will provide a no-code environment, enabling easy development for all, smart contract automation aided by AI, and a marketplace for AI models. Needless to say, the launch of its own L2 is likely to be the key driver for CHO, which will hold a special place in this ecosystem. CHO holders will be the first to access the platform, its new features, and beyond.
Now, what makes us think that Entropy could really push CHO’s price to the moon? Here, to just prove what the launch of a proprietary blockchain can do, we’ll draw a parallel to Choise.ai and CHO, briefly mentioning Elrond and its native token, EGLD. Following Elrond’s announcement of the mainnet launch and its subsequent official release, EGLD experienced a significant surge, increasing by 200% in price. And if that were to happen for CHO as well, that means we could see it at $0.20 in the medium term, if not above.
However, we don’t want to rely solely on reading tea leaves when considering CHO’s price; rather, we should focus on technical indicators, and this is what they say…
CHO to Slice Through the Key Resistance: Where Might It Go From Here?
Looking at the moving averages, we can see that the 20-period EMA is above the 50-period EMA, indicating short-term bullishness for CHO. Meanwhile, the 100-period EMA is below the 200-period EMA, and the coin’s price moving above both suggests a shift in the trend from slightly negative to positive, indicating bullishness in the medium term, too.
Another positive impact on CHO is the increase of over 16% in the 24-hour trading volume. The token is currently in the green and testing the resistance at $0.095 with a high likelihood of breaking it. If that happens, the token could rise to $0.116 in the short term, and beyond the yearly ATH of $0.143 in the medium term. Additionally, it remains feasible that this growth could be more substantial, as technical indicators already suggest an upside for CHO.
Conducting thorough research on all the factors influencing the CHO token’s growth reveals that it’s truly a steal at its current price. Various estimates suggest its potential to surge by over 1,500% and even up to 4,100% within a year. Therefore, purchasing now would be a sensible choice for anyone seeking an undervalued gem in the market.
