CHO Token Added 526% in March Alone Fueled by Exciting Developments. Where Will It Go Next?

On April 3rd, Choise.com officially announced its strategic shift towards enterprise and B2B markets, merging with Vault, a platform specializing in digital/crypto banking infrastructure for enterprise clients. The two entities, along with a few other disruptive products, will consolidate into the one-of-its-kind Choise.ai ecosystem. Now, with access to millions of clients, a high-revenue segment, and a niche with low competition, the potential for growth is huge.

Adding to the excitement, CHO holders will be able to stake their tokens and earn up to 20% in rewards from the ecosystem’s B2B revenue. When the news broke, CHO shot up from $0.07 to nearly $0.011, defying a bearish market trend where Bitcoin and most altcoins were on a downward spiral. With a robust product and an active and supportive community, success is practically guaranteed.

Yet, there’s more to this story that could further boost the token’s price, but we’ll delve into that just a little bit later.

A look back at CHO’s performance since early February

CHO was trading at $0.011 at the beginning of February 2024. However, when the founder of Choise.com, Vladimir Gorbunov, dropped hints about a potential tokenomics update, token holders began to exhibit significant bullishness. As a result, the token surged to $0.035 by mid-March, and yesterday, it reached its highest price in the past year, nearly hitting $0.11. This represents a 917% increase since early February and a 526% increase since March.

Taking a look at the Relative Strength Index (RSI), traders may consider taking a long position as the RSI crosses above 50% and prices close above the moving average. With the RSI currently at 65, indicating further room for CHO’s upside potential, this reinforces the bullish outlook.

We should also pay attention to CHO’s support and resistance levels. The current resistance level lies just above yesterday’s high of $0.11, and if it manages to break through, the next resistance level is at $0.12. As of now, $0.09 stands as a strong support level.

However, when considering the broader perspective, it appears unlikely that CHO will experience a downturn anytime soon. The upcoming changes encapsulated in Choise.ai, as it gears up to offer comprehensive solutions in the CEX/DEX and RWA financial sectors, positioning itself as a future Web3 marketplace at the intersection of blockchain and AI, indicate a likely further growth for the token.

Although all of this is already impressive enough, proving that the teams behind Choise.com and Vault are doing a marvelous job, there is another significant announcement that has just been made, adding to the ongoing bullishness within the community. 

Crypto-powered Mastercard debit cards going live on Choise.com 

Choise.com just dropped another bombshell: the crypto-powered Mastercard debit card program is set to launch on their platform. This implies an enhancement in the current functionality of the Mastercard debit card, enabling users from 31 countries worldwide to order virtual cards through Choise.com, hold up to 5 cards simultaneously, and make cryptocurrency payments.

Given the virtual nature of the cards, everyone who orders through Choise.com will be able to activate and use the card right away and then link it to Apple or GooglePay. This new offering is poised to contribute to the ease and efficiency of crypto transactions and will likely drive further prosperity for Choise.com and its community, along with the latest B2B-oriented strides.

Summary 

Amidst tough times, the team behind Choise.com and Vault was relentless in their pursuit of success. And now, this strategic shift towards B2B and enterprise markets and the launch of the Choise.ai ecosystem promise to propel CHO token even higher. Having proven themselves multiple times already, they could be gearing up to serve us with even more innovative and exciting developments.