The CHO token continues to ride a wave of strategic developments made by the team behind Choise.ai, the innovative Web3 digital banking development ecosystem for enterprises. On April 25, CHO was listed on BingX, a premier centralized crypto exchange with a 24-hour spot trading volume inching $1 billion.
The CHO/USDT trading pair is now available to BingX's 10 million user base, greatly amplifying the token's market reach, credibility, and liquidity. Additionally, the exchange enables instant CHO withdrawals, reducing friction for users and allowing them to move funds without delays.
Choise.ai founder, Vlad Gorbunov, stated that the debut of the CHO token on BingX marked a major milestone for the project and its community.
“Our collaboration with BingX is more than just a strategic partnership; it’s a testament to the quality and potential of the Choise.ai project,” he asserted.
BingX began accepting CHO deposits on April 24, coinciding with the start of the CHO Listing Carnival, where early participants enjoy exclusive benefits for engaging with the token on the platform. The event runs until May 1, 2024, and requires registration, excluding those who trade via API.
By depositing at least 1,000 CHO, or around 100 USDT, users receive a 10% cashback from a prize pool of 166,666 CHO. The maximum cashback is 315 CHO per individual, contingent upon completing a minimum CHO/USDT trading volume of 100 USDT.
Additionally, participants could earn a share of another 166,667 CHO prize pool by achieving a CHO spot trading volume of 100 USDT or more, with rewards capped at 1,000 CHO each.
All prizes will be distributed within seven days after the event ends. Vlad Gorbunov noted that the CHO Listing Carnival, along with many other community initiatives, was meant to express gratitude to dedicated supporters of Choise.ai while also attracting new investors to embark on the ecosystem’s journey.
“Our goal is to create a seamless and rewarding experience, and this event embodies that ethos. Moreover, we regularly conduct various contests on X empowering our community to grow their CHO supply effortlessly. We also invite everyone who wants to make the most of CHO’s expanding tokenomics ahead of the crypto summer to participate in our grand airdrop on the Choise.ai website for a chance to win free tokens,” he emphasized.
The CHO token, serving as the cornerstone cryptocurrency for Choise.ai, generated considerable buzz within the crypto community between March and April. Earlier, Coin Gabbar reported that the dynamic growth of CHO’s underlying ecosystem was the major driver of its exponential year-to-date increase.
Choise.ai derives its value from the consumer-focused Choise.com and the business-oriented Vault project, both established by the same team. These dual pillars have positioned the project at the forefront of the up-and-coming enterprise niche with a whopping $50 billion potential.
The ongoing development of Choise.ai aims to significantly enhance CHO's utility and investment appeal by integrating more use cases into its tokenomics. For instance, CHO will fuel the ecosystem's cutting-edge hybrid SMPC technology, Tringlr, engineered to create ultra-secure digital wallets.
Additionally, CHO holders can look forward to increased staking income, as Vault commits to sharing up to 20% of its multi-million-dollar revenue with them via the introduction of the VLT token.
Beyond its listing on BingX, CHO is also branching out to the Binance Smart Chain (BSC), engaging the BSC community of over 400,000 wallet addresses. This expansion promises more opportunities for users to interact with the token, leveraging the network's cost-effective and seamless transactions. To celebrate this broader reach, Choise.ai has initiated a $500,000 lottery for users who transfer their CHO to BSC wallets.
Amidst this excitement, the CHO token has appreciated by more than 118% in a month-to-date timeframe. Over the same period, its trading volume surged by 161%, reflecting growing investor interest in light of Choise.ai's recent progress. The token even hit its 10-month high, exceeding $0.143, before cooling off due to market corrections after a three-month rally of 714%.
Currently, CHO is trading at about $0.081, with a market capitalization above $9.98 million and over 109,573,000 tokens in circulation. Standing firm above its first support level at $0.07623, CHO has a solid foundation for growth.
The Relative Strength Index at 54.088 indicates ample room for upward movement without reaching overbought territory, while the Stochastic at 70.67 and Commodity Channel Index at 91.54 underscore a strong positive momentum. The Average Directional Index, sitting at 26.27, shows that the market is gaining momentum, reinforcing the bullish sentiment.
Additionally, the MACD at 0.00029 points to a favorable trend, and the Exponential Moving Averages (EMAs) further confirm this with their respective levels—10-day EMA at $0.08865, 50-day EMA at $0.08944, and 200-day EMA at $0.08076.
These positive indicators would place the token on track to test its first resistance level at $0.10949 in the near future. If this barrier is surpassed, CHO could aim for the second resistance level at $0.12827, with a potential to reach an even higher threshold at $0.16153.
