Within the domain of small-cap cryptocurrencies, the CHO token has garnered significant attention in recent months. This is primarily due to its remarkable triple-digit growth, which starkly contrasts with the volatility observed in the pre-halving market.
Source: CoinGecko
Commencing in 2024, CHO has exhibited a pronounced upward trajectory, escalating from its February low of $0.0102 to reach a 10-month zenith of $0.1432 – representing an astounding 1,300% surge. Despite a subsequent retracement to stabilize between $0.075 and $0.1, the token currently trades at a 700% premium compared to its value three months prior, with its year-to-date appreciation surpassing 350%.
What We Know About CHO Token
The CHO token made a dramatic entrance onto the cryptocurrency stage in 2022, capturing market interest almost instantaneously.
- From January 2022, in the run-up to its token generation event (TGE), multiple sales rounds of CHO on various launchpads were executed with resounding success.
- In April, the project team concluded the final sales round by integrating CHO allocations into NFTs. Amid community’s overwhelming optimism, this stage was completed in less than 24 hours, resulting in over $1.6 million in allocations being acquired.
- Following its launch in June on Uniswap and Raydium the token not only soared over 180% within days but also maintained a consistent upward trajectory throughout the year, defying the adversities of the crypto winter. At that time, CHO was propelled by the trailblazing MetaFi concept of its progenitor platform, Choise.com, which adeptly blended solid CeFi features with lucrative DeFi earning tools within a unified interface.
This historical resilience against market downturns underscored the asset’s meteoric rise in 2024, particularly as it paralleled the significant dips of Bitcoin between March and May.
New Wave of Growth Spurred by Vibrant Choise.ai Ecosystem
Market researchers attribute the ascent of the CHO token to the strategic transformation of Choise.com into the pioneering Choise.ai ecosystem. This was facilitated by a merger with Vault, a B2B company specializing in digital and crypto banking solutions, also founded by the same visionary team.
According to Choise.ai founder Vlad Gorbunov, apart from Choise.com and Vault, Choise.ai will comprise a multi-chain DEX protocol, Charism, and an enigmatic AI laboratory. “The ecosystem will transcend borders, bringing innovative, secure, and efficient blockchain solutions to the table, thereby accelerating the mass adoption of these technologies in the B2B sphere,” he said.
Also, Choise.ai is poised to enrich its ecosystem by integrating solutions from external partners and developers. Thus, it will not only showcase a range of financial services, spanning from basic digital asset management to advanced CEX/DEX, AI, and RWA technologies, but also extend Choise.ai’s reach beyond its substantial existing clientele to millions more users.
This fundamental evolution is designed to not only position Choise.ai as a leader in a nascent yet promising enterprise niche by amalgamating the strengths of both Choise.com and Vault – each noted for their sustainability and financial success – but also to significantly enhance the utility of the CHO token.
From Public Interest to Expert Acclaim: Choise.ai Elevates CHO’s Profile
Choise.ai first came to the fore in mid-March, igniting considerable excitement within the project community. Prior to the formal revelation, a cryptic teaser about a revolutionary upgrade to CHO’s tokenomics spurred investors to progressively increase their holdings of the asset, which saw its value rise from $0.027 to $0.076 by April 2, just before the initial update was unveiled.
Over the past month, the Choise.ai team has introduced several major revelations, methodically unveiling its ambitious initiatives and breakthroughs aimed to augment CHO’s functionality, market value, and allure to investors. Even esteemed cryptocurrency traders and analysts have recognized the token’s promising future, considering it an undiscovered jewel with potential for at least tenfold growth and incorporating it into their portfolios.
Therefore, keeping abreast of news related to Choise.ai could prove invaluable for those seeking intelligent portfolio diversification in the midst of post-halving market uncertainty. Presented below are the latest updates from the team, encompassing both completed developments and those on the horizon.
CHO Debuted on Binance Smart Chain and BingX Exchange
On April 19, the team at Choise.ai announced the integration of the CHO token into the Binance Smart Chain (BSC) network, marking a strategic expansion into new blockchain realms. Shortly thereafter, the CHO/USDT trading pair was listed on BingX, one of the largest spot crypto exchanges in the market.
Entering the BSC and appearing on BingX offers several benefits for CHO and its holders:
- As noted by Vlad Gorbunov, positioning the token within a broader and more actively engaged user base significantly increases its visibility, availability, and liquidity. The BSC network boasts over 440 million users and sees approximately 200,000 new wallets created daily, complemented by BingX’s 10 million traders and daily transactions amounting to half a billion dollars.
- Second, integration with BSC facilitates more fluid and cost-effective money transfers, which are ten times cheaper than those on Ethereum. This promotes seamless wallet creation, enhances the overall user experience, and positions CHO as an attractive option for micro-transactions and everyday crypto operations.
- Lastly, the affiliation with a renowned and robust network like BSC can enhance the perceived stability and credibility of the CHO token, attracting not only individual investors but also institutional interest.
B2B Revenue Sharing and VLT Token to Boost CHO Staking Income
Choise.ai distinguishes itself through its unwavering commitment to enhancing user empowerment. Vlad Gorbunov repeatedly asserted that despite the company’s foray into B2B markets, its ultimate focus remained on the end-users. “And we have been thinking for a long time how to create value within our B2B division so that it creates additional value to the entire ecosystem,” he emphasized.
Eventually, this user-centric approach resulted in Choise.ai’s pledge to ensure that its steadfast supporters are the foremost beneficiaries of its expansion efforts. This commitment is manifested in the forthcoming revenue-sharing program, designed to allocate up to 20% of Vault’s B2B revenue via a new VLT token to CHO owners through staking.
VLT will be awarded to each CHO staker, from initial purchasers to future participants. Current holders, however, will have the opportunity to earn enhanced rewards, presenting a compelling incentive for prospective investors to acquire CHO prior to the program’s initiation within the next month or two. The allocation of VLT will vary directly with the quantity of funds staked, with CHO owners eligible for receiving between 20% to 150% of the VLT volume. To preserve the exclusivity of these benefits, the Choise.ai team plans to restrict VLT from both primary and secondary markets in favor of the CHO/VLT community.
CHO as Centerpiece of Next-Gen Tech for Ultimate Digital Wallet Security
In their latest announcement, Choise.ai unveiled Tringlr, a hybrid SMPC (secure multiparty computation) technology aimed at revolutionizing crypto wallet security. This solution will combine the robustness of decentralized storage with the user-friendly aspects of centralized platforms, highlighted by superior customization and recovery options, such as:
- Enabling users to set transaction thresholds for both transfers and withdrawals;
- Allowing users to transfer funds to a specialized backup wallet in predefined critical situations, with access information securely shared with designated contacts.
Tringlr will introduce an innovative security framework, assigning wallet keys among the user, a centralized custodian, and a secure agent, ensuring that neither centralized nor decentralized components can be compromised individually to prevent unauthorized access and financial losses. Not only it will support safe and seamless crypto-to-fiat operations but also facilitate crypto-to-crypto exchanges across multiple blockchains with the account abstraction technology.
Scheduled for release within the next quarter, Trignlr will have all transactions, transfers, and services underpinned by the CHO token. Secure agents will also be remunerated in CHO. Once integrated into solutions of Choise.ai and its B2B partners, Tringlr will unleash the power of Web3 in finance, helping people regain full control over their money. Per Vlad Gorbunov, “With Tringlr, individuals truly own their funds, reaping all the benefits of various storage systems.”
More Exciting Milestones to Come – Where Will CHO Head Next?
The previously mentioned advancements at Choise.ai are just the beginning. The next significant update from the team is scheduled to emerge publicly within the next week, amid speculations that it will center on the introduction of their proprietary blockchain. Should this prove accurate, the inner blockchain could significantly empower the ecosystem by enabling greater autonomy, increasing the CHO token’s utility, reducing transaction costs, and adding advanced features such as smart contracts.
Furthermore, by establishing its own blockchain, Choise.ai could position itself at the forefront of innovation in the crypto sector, setting a strong precedent for future growth and diversification of its services. This enhancement would likely boost investor confidence and attract a broader user base, thus driving up the demand and value of CHO in the market. Despite the token currently trading well below its historical peak of $1.38, it presents substantial potential for growth, with significant resistance levels identified at $0.1086 and $0.1233.
Given that the unveiling of Choise.ai precipitated a nearly 96% surge in CHO’s value within a few days, it remains plausible that the token will not only surpass the formidable resistance at $0.1543 but also revisit its prior apex. This scenario would offer investors the opportunity to significantly amplify their investments in the near term.
Bitcoin surged to $64,500 on May 4 during after-hours trading, marking fresh gains in its price trajectory.
According to data from Cointelegraph Markets Pro and TradingView, Bitstamp recorded a new local high of $64,522, setting a new peak for May.
The momentum, fueled by positive United States employment data, continued to build until the daily close.
This was further supported by promising signs of recovery in the crypto market, notably with the Grayscale Bitcoin Trust (GBTC) witnessing its first inflows in nearly three months.
As of the time of reporting, BTC/USD had seen a 5% increase month-to-date, as per CoinGlass data, contrasting with the 15% losses experienced in April.
In response to the market movement, popular trader Daan Crypto Trades expressed cautious optimism, stating,
“Had a great push into the market close yesterday.”
However, he emphasized patience, refraining from adding positions during the weekend until further clarity emerged.
Analysts noted a noticeable deviation between the latest CME Group Bitcoin futures closing price and BTC/USD, suggesting a potential future correction to fill the gap.
Despite the weekend’s impressive performance, concerns lingered regarding the market’s resilience without traditional financial participants.
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Keith Alan, co-founder of trading resource Material Indicators, highlighted the risk of a correction due to thin order book liquidity.
Meanwhile, trader and commentator Credible Crypto suggested that shorting BTC might be favorable below the “main resistance” level around $69,000.
He outlined two potential scenarios for BTC price action, indicating that current levels lacked sufficient liquidity.
Credible Crypto also noted that long positions in BTC would be attractive if BTC/USD dipped below $56,000, suggesting a strategic entry point for investors.
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Bitcoin is currently struggling to surpass the $60,000 mark, facing significant resistance that is hindering its price rebound, despite recovering up to 6.2% from the week’s lows.
Analysis from Cointelegraph Markets Pro and TradingView highlights that BTC/USD has yet to breach crucial trendlines.
The cryptocurrency has seen a 23% decline from its peak, with recovery prospects appearing slim through April and May.
Former BitMEX CEO Arthur Hayes has predicted that Bitcoin will continue to trade within a range below $70,000 until August, emphasizing the importance of first reclaiming the $60,000 level.
However, this mark remains well-defended by existing trendlines.
Particularly challenging for Bitcoin is its 100-day moving average (MA), which, as of May 3, stands at $59,930.
Historically, this trendline has supported the market since October 2023 and helped sustain prices during the early 2023 bull market phase.
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Yet, recent patterns show Bitcoin closing full daily candles beneath this average, indicating a downward shift.
Material Indicators, a trading resource, observed that this average is presenting strong technical resistance.
They noted, “Reclaiming the 100-Day Moving Average would be a big deal for Bitcoin Bulls that could lead to a short squeeze,” as stated by co-founder Keith Alan on the social platform X.
Another significant obstacle is the short-term holder realized price (STH-RP), which reflects the average cost basis for Bitcoin holders who have held their positions for 155 days or less.
This metric has repeatedly acted as a robust support during recent weeks and throughout much of the bull market since early 2023.
As of May 1, STH-RP was recorded at $59,684, closely aligning with the critical $60,000 resistance zone.
Caleb Franzen, CEO of Cubic Analysts, also pointed out the significance of this resistance level in his commentary on X.
He mentioned that for a ‘risk-on’ scenario, a daily closure above $61,000 is crucial.
“Lots of work to do,” he concluded, underscoring the challenges that lie ahead for Bitcoin to regain its upward momentum.
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Flying Pepe (FLYPEPE) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Bonk (BONK) and Dogecoin (DOGE).
Flying Pepe (FLYPEPE), a new Solana memecoin that was launched this week, is poised to explode over 7,000% in price in the coming days.
This is because FLYPEPE has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Flying Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in BONK and DOGE made astronomical returns, and Flying Pepe could become the next viral memecoin.
To buy Flying Pepe on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Flying Pepe by entering its contract address – 65orYrJbQxa5BZUWyeCsDtJC7JZg8zQYcvRZpvnnd5eq – in the receiving field.
In fact, early investors could make returns similar to those who invested in Bonk (BONK) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Bonk (BONK), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many BONK, DOGE, and WIF investors are instead investing in new Solana memecoins, like FLYPEPE.
Solana Doggy (SOLDOGGY) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Solana Doggy (SOLDOGGY), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Solana Doggy presents a similar opportunity.
Solana Doggy has a market cap around $13,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 6,000% in the coming two days, and Solana Doggy could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Solana Doggy can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Solana Doggy on these platforms, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Solana Doggy by entering its contract address – 3f3XRScU3PnaXvsZ4ZGjxDa15SmbhWeMLxHmSyNngaAE – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like SOLDOGGY.
Doctor Pepe (DOCPEPE), a newly launched Solana memecoin, has been attracting significant investment from early Shiba Inu (SHIB) and Dogecoin (DOGE) buyers.
Doctor Pepe (DOCPEPE) has surged around 225% in the first few hours since its launch, delivering huge returns for early investors and attracting investment from early Shiba Inu (SHIB) and Dogecoin (DOGE) buyers.
However, DOCPEPE still has plenty of potential to rise more, and it’s poised to rally another 3,000% in the coming 48 hours.
Furthermore, it has already been announced that the token will soon be listed on MEXC – as its first listing on a centralized exchange – and this will be another massively bullish event for its price.
Despite the rally so far, DOCPEPE still just has a market cap of around $34,000, meaning it has immense potential for more gains in the coming days and weeks.
Currently, Doctor Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy DOCPEPE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for DOCPEPE by entering its contract address – 3n8HMVVfMF2uqdpts5TUETAHUrvD1AFg8V1XLahpeTT8 – in the receiving field.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
Chinese authorities have arrested Lan Mou, a suspect involved in a major identity theft case related to the StarkNet (STRK) airdrop.
Lan is accused of using stolen identities to submit over 40 fraudulent Early Community Member Program (ECMP) airdrop forms, illegally acquiring over 40,000 STRK tokens intended for rightful recipients.
The airdrop, which began on February 20, was part of a large-scale initiative by the StarkNet Foundation to distribute 700 million STRK tokens.
The airdrop targeted various groups within the Ethereum community, including solo and liquid stakers, StarkNet developers and users, and contributors outside the Web3 ecosystem.
It drew significant attention, with the first 45 million STRK tokens claimed within just 90 minutes.
Following the airdrop, the stolen STRK tokens were transferred to an OKX wallet and converted into more than $91,000 in Tether.
Lan Mou’s arrest occurred on April 25 in Guangdong Province, where authorities seized a computer and two mobile phones linked to the operation.
The incident sheds light on the prevalent issue of scams and phishing in the cryptocurrency sector.
However, this case of identity theft for claiming airdrops on such a grand scale is particularly noteworthy, signaling a new level of threat in the space.
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Yearn.finance developer Banteg previously highlighted a related issue on the same day the StarkNet airdrop began, noting that the eligibility list seemed to be populated heavily with airdrop squatters.
These are individuals who target airdrops for financial gain, often manipulating eligibility by controlling multiple or fake accounts.
Banteg pointed out that around 701,544 of the 1.3 million eligible wallet addresses were potentially linked to such activity, where squatters used repeated or renamed GitHub accounts to increase their chances of receiving airdrops.
In a related revelation from March 2023, it was discovered that airdrop hunters managed to consolidate $3.3 million worth of tokens from the Arbitrum (ARB) airdrop, channeling funds from 1,496 wallets into just two they controlled.
This pattern underscores the ongoing challenges and exploitative practices within the decentralized finance sector, highlighting the need for continued vigilance and improved security measures to protect legitimate users and their assets.
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On April 23, the Bitcoin network achieved a new record with the highest number of confirmed daily transactions, just three days after entering a new halving cycle that started on April 20.
This surge brought the total to over 1.6 million unique transactions processed between various senders and receivers.
Data comparisons from sources such as Blockchain.com and Glassnode have linked the spike in transactions to the launch of Bitcoin Runes.
This new offering serves as an alternative to the existing Bitcoin Ordinals and the BRC-20 protocol on the Bitcoin blockchain, capturing a significant portion of the daily transaction volume.
Notably, Runes accounted for 81.3% of all Bitcoin transactions on the day of the record.
Despite this initial dominance by Runes, Bitcoin (BTC) transactions regained their majority status over the network by April 29, with BTC transactions making up 77.8% of the total, while Runes transactions had decreased to 18.8%.
The remainder of the transaction volume was made up of ordinals at 1.2% and BRC-20 transactions at 2.3%.
The influx of Bitcoin Runes transactions has proven beneficial for the mining sector. Major U.S. mining firms such as Stronghold Digital Mining and Marathon have reported positive impacts from the Runes transactions, both financially and functionally, as communicated to Cointelegraph.
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Since the halving, Rune transactions have contributed over 1,200 BTC in transaction fees to miners.
Although the excitement surrounding Bitcoin Runes seems to be waning, Ignas, a pseudonymous decentralized finance (DeFi) researcher, sees continued potential in this market.
In a post dated April 17 on platform X, Ignas commented, “Runestone, RSIC, and PUPS are already pumping, promising holders shiny new Rune token airdrops.
And FOMO threads keep coming. But, like the NFT frenzy post-JPEG reveal, the market could soon cool off.”
Runes and BRC-20 tokens represent new fungible token standards designed to expand Bitcoin’s utility within the emerging sector of Bitcoin DeFi, or BTCFi.
This initiative marks a significant shift towards integrating more complex financial functions directly on the Bitcoin blockchain, illustrating a growing trend of innovation within the cryptocurrency landscape.
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Consensys’ legal battle with the United States Securities and Exchange Commission (SEC) has brought to light significant revelations regarding the SEC’s position on Ether.
According to a report by Fox Business producer Eleanor Terret, the SEC and its chair, Gary Gensler, held the belief that Ether constituted a security, at least for a certain period.
Terret, referencing court documents filed by Consensys on April 29, stated that the SEC and Gensler “appear to have believed for at least a year” that Ether was an “unregistered security trading out of compliance with current federal regulations.”
This disclosure follows Consensys’ submission of an unredacted complaint against the SEC to a Texas federal court on April 25, in response to a Wells notice from the SEC outlining its intent to sue Consensys for alleged violations of federal securities laws.
The newly revealed documents indicate that on March 28, 2023, Gurbir Grewal, the head of the SEC’s Division of Enforcement, sanctioned a formal investigation into Ether’s classification as a security.
Dubbed the “Ethereum 2.0” investigation, this initiative empowered enforcement personnel to scrutinize and subpoena individuals and entities engaged in the trading of the cryptocurrency.
Sources familiar with the matter, speaking on condition of anonymity, disclosed that subpoena recipients were instructed to maintain strict confidentiality regarding the investigation if they sought additional information from the SEC.
The genesis of the “Ethereum 2.0” investigation stemmed from the SEC’s suspicion that potential unregistered offerings and sales of Ether had taken place since at least 2018.
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Should the SEC under Gensler’s leadership deem Ether a security, it would contradict prior guidance provided by the SEC under former Chair Jay Clayton.
In June 2018, Bill Hinman, then-Director of Corporation Finance, declared in a speech the SEC’s stance that Ether, along with Bitcoin, did not qualify as securities.
Further revelations from the filings indicate that the five-member commission authorized the Division of Enforcement’s “Ethereum 2.0” investigation on April 13, 2023, merely five days before Gensler faced questioning before the House Financial Services Committee, where he declined to clarify the SEC’s stance on Ether’s classification as a security.
This development coincides with recent assertions by applicants and entities involved in a potential Ether exchange-traded fund in the U.S., suggesting an anticipated delay by the SEC in reaching a decision regarding the approval of such a product in May.
ETF analyst Eric Balchunas from Bloomberg believes that Gensler’s ambiguous position on Ether could influence the decision-making process, given his previous reluctance to define Ether as a security.
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Lido Finance, the premier decentralized finance (DeFi) protocol for liquid staking on Ethereum, has celebrated a significant milestone, reaching one million Ethereum validators.
This achievement was announced through an April 29th post on X, underscoring Lido Finance’s position as a leader in the DeFi space.
Liquid staking protocols such as Lido Finance play a crucial role in democratizing staking for retail users with limited capital.
Typically, individuals would require 32 Ether to operate their own validator nodes on Ethereum.
However, Lido Finance offers an alternative avenue, making staking accessible to a broader audience.
According to data from Dune, Lido Finance commands a substantial portion, 28.5%, of staked Ether, with an additional 13.6% staked through the Coinbase exchange.
Presently, over 27% of the entire Ether supply is engaged in staking activities.
The appeal of liquid staking protocols like Lido lies in the liquidity benefits they provide.
Users who participate in staking through Lido receive Lido Staked ETH (stETH) in return, which can be utilized in various other DeFi protocols.
This stands in contrast to traditional staking methods, where staked Ether remains locked and inaccessible for the duration of the staking period.
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The rise of liquid staking is significantly contributing to the growth of DeFi.
Total value locked (TVL) in DeFi protocols has experienced a substantial surge, reaching $97 billion in the first quarter of 2024 from a low of $36 billion in the fourth quarter of 2023.
Current TVL stands at $92.32 billion, according to DefiLlama.
This growth, which saw a 65.6% increase quarter-on-quarter, can be primarily attributed to liquid staking protocols like Lido, as noted by on-chain intelligence provider Messari.
The cumulative TVL amassed by liquid staking protocols exceeds $47.7 billion, with Lido alone accounting for over $29.9 billion.
Despite its success, concerns have been raised about Lido’s growing dominance within the ecosystem. Ethereum co-founder Vitalik Buterin has previously expressed apprehensions regarding potential centralization risks associated with Lido.
In a blog post dating back to September 2023, Buterin highlighted the need for vigilance against such risks, acknowledging the efforts made by protocols like Lido in implementing safeguards while cautioning that one layer of defense may not suffice.
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