Altcoins Surge: CHO Leads as Tokens Outshine Bitcoin
Bitcoin is once again trading around $62,800, following an unsuccessful attempt to breach the $66,000 resistance. Even if it were to reach its all-time high of $73,000 again, it still wouldn't match the staggering 800% price surge witnessed by certain tokens in just three months. One such standout is CHO, currently outperforming two of the major currencies, Bitcoin and Ethereum. Discover which other tokens are holding firm and poised for upside potential despite Bitcoin's fluctuations.
5 Tokens Defying Bitcoin Drop to Yet Another Low.pdf
1. 5 Tokens Defying Bitcoin Drop to Yet Another
Low
Altcoins Surge: CHO Leads as Tokens Outshine Bitcoin
Bitcoin is once again trading around $62,800, following an unsuccessful attempt
to breach the $66,000 resistance. Even if it were to reach its all-time high of
$73,000 again, it still wouldn't match the staggering 800% price surge witnessed
by certain tokens in just three months. One such standout is CHO, currently
outperforming two of the major currencies, Bitcoin and Ethereum. Discover which
other tokens are holding firm and poised for upside potential despite Bitcoin's
fluctuations.
CHO
With its recent listing on BingX on April 25th, CHO is being introduced to over 10
million people who use this top-notch CEX with some pretty advanced features
and daily trades closing the billion mark.
2. Now, the special ‘CHO listing carnival’ event takes place, enabling users to trade
CHO/USDT pairs on BingX and get awesome rewards.
Depositing a minimum of 1,000 CHO (approximately 100 USDT) earns a 10%
cashback and a share of the 166,666 CHO prize pool. To qualify for an additional
batch of 166,667 CHO tokens that will be shared with participants, one must
achieve a minimum CHO spot trading volume of 100 USDT, with rewards based
on trading volume proportionally.
Although this is great news, the BingX listing is not the only factor contributing to
CHO’s price uprise. It began in February 2024 amidst speculation about
Choise.com's business reorganization. When the company confirmed its
transition to the B2B sector, excitement grew, fueled by the team's proven
success with Vault's multimillion-dollar deals.
3. As B2B became the focus, Choise.com merged with Vault to create Choise.ai,
sparking further excitement. The announcement that Choise.ai would share up to
20% of Vault's revenue with CHO stakers intensified interest. Staking CHO will
earn holders VLT tokens, that initially won't be tradeable on exchanges but
exclusively credited to stakers as a thank-you gesture.
By then, CHO had surged by 690% since February, hitting a 10-month high of
$0.143. While expecting continual growth across all months would be unrealistic,
it's noteworthy that CHO has consistently maintained positive month-to-month
and trading volume performance. April concludes with CHO trading at $0.08,
compared to $0.068 at the month's outset. One of the popular crypto analysts,
Mags, recently shared his bullish sentiment on the token, mentioning how he’s
accumulating during this minor pullback and anticipating it to run higher
sometime soon.
Constantly polishing the craft and coming up with solutions that matter
worldwide, not to mention giving back to the folks who support this team, might
just send CHO's price soaring even higher in the months ahead.
NULS
NULS is a developer-friendly platform for developers who want to create a wide
range of blockchain and Web3-related applications, even for those without prior
blockchain experience, in a cost-effective and time-saving manner. Its
ecosystem comprises ENULS blockchain, NULS ChainBox, NULS SCO for token
issuance and distribution, and various other products.
NULS has also developed NULS Wallets, including the NULS Desktop Wallet and
Nabox Wallet, and offers several third-party wallets, some of which feature crypto
staking.
4. NULS provides its community with several avenues to earn through their NULS
token. This includes staking it on Consensus, staking it with SCO projects to earn
the project tokens instead of NULS, and the option to stake it with third-party
platforms.
The NULS token is currently trading at around $0.74, but this recent peak could
quickly lead to another drop to $0.65. It has been consolidating within this price
range for a couple of weeks, so traders should exercise caution when considering
investments at this time.
LEVER
LeverFi, a rebranded version of RAMP, provides infrastructure for global Web3
ecosystems through OmniZK, LeverPro, LeverTrade, and NeptunExchange.
OmniZK serves for the development of Bitcoin applications, LeverPro functions
as a Bitcoin DeFi system enabling token minting, LeverTrade operates as a
lending and trading platform on Ethereum, and NeptunExchange serves as a
5. swap platform built on Solana. Therefore, LeverFi's ecosystem is truly a mixed
bag where everyone can find something for themselves.
And, just as LeverFi is a rebranded version of RAMP, RAMP token is now a LEVER
token. LEVER serves a different purpose for all of the above-mentioned products
within the LeverFi ecosystem. For example, staking LEVER earns you LEVP
(LevelPro points), granting priority access to the launchpad and new ICOs.
Whoever stakes LEVER also qualifies for a trading fee discount program, lender
incentive programs, and more.
LeverFi is successfully maintaining the community's interest in their token
through airdrops; however, it's only a matter of time before this strategy becomes
outdated.
6. PSP
ParaSwap simplifies the complexities of liquidity pools, providing seamless
navigation for both individuals and institutions, ensuring secure pathways to
intelligent trading decisions. This DeFi aggregator seamlessly combines the
advantages of decentralized exchanges and lending protocols through a robust
API.
Integrating over 100 protocols, ParaSwap offers the best prices on the market,
aggregates real-time quotes from trusted market makers, and optimizes yield
among other things.
The PSP token has risen by 11.20% since last week, partly due to the announced
partnership with AutoLayer. Specifically, AutoLayer has integrated ParaSwap V5’s
swap engine, which is expected to enhance our liquidity routing and provide
users with access to deep, smart liquidity.
7. While partnerships are beneficial in the short term in Web3, sustaining long-term
growth requires additional factors. Hence, it may only be a matter of time before
PSP begins to decline from these levels.
TPT
Token Pocket is a DeFi wallet that supports crypto swaps, purchases, and has
mobile, desktop, and hardware versions . It processes over 30 million
transactions on a daily basis and has a base of over 20 million users.
Additionally, it supports popular tokens like Bitcoin and Ethereum, as well as
lesser-known ones such as Aptos, EOS, and IOST, along with NFTs.
Some of the Token Pocket's best features include simplified distribution and
claim of airdropped tokens, private key generation, batch sending, version
verification, and approval detection, among others.
8. The actual driver behind the current TPT price is the recent announcement of
new features, including trending dApps, hot era, memecoin tools, latest crypto
news, and security tools, all of which contribute to the value of the Token Pocket
ecosystem.
While introducing new features and updates is beneficial, infrequent releases and
extended periods of inactivity can have a long-term impact on the token price.
Regarding the TPT token price, it has consistently traded between $0.006 and
$0.007 throughout its existence, raising questions about whether it will
significantly increase in value.
Summary
Tokens like CHO, NULS, LEVER, PSP, and TPT have been in the spotlight for the
last couple of days, showing growth that outshines Bitcoin, whose performance
has been rather sluggish since the halving event. However, although each of
these 5 tokens holds great potential, it’s impossible to overlook the recent
increased activity surrounding CHO, as the team shows no signs of slowing down
and continues to prepare exciting initiatives for both the existing community and
the ones yet to become. Interestingly, in his post about CHO, crypto analyst Mags
hinted at circulating rumors that the Choise.ai team is preparing to launch its
own blockchain, adding further suspense to the ecosystem’s vibrant evolution.
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