As the cryptocurrency market closes its books on 2024, a wave of optimism is sweeping through the last days of the year. The end of December not only brings a festive atmosphere, but also an opportunity to highlight coins that have garnered attention due to strong year-end momentum. So far, $CHO, $DOGE, and $HYPE look set to be on the rise until January 1st, and will likely remain so until 2025.
$FOR
$CHO, the native token of Choise.ai, an enterprise cryptocurrency platform with over 1 million users, soared 700% from February to April, hitting a yearly high. With updates to Choise.ai’s expanding product ecosystem, it looks poised to end the year with even greater gains as the utility of its tokens increases.
One of Choise.ai’s most recent announcements highlights its work with Vault, a B2B platform specializing in white label cryptocurrency banking solutions, on Meme Bank, a new Choise.ai ecosystem addition designed to introduce real-world utility for Meme coins. This will allow holders to use their MEM Coins in real life via Visa and Mastercard. Meme Bank actually provides an individual bank for each meme coin, providing additional utility-based features such as seamless transactions, exchanges, withdrawals, token burns, staking options, and more.
For $CHO, this is probably a huge deal, as while trading within Meme Bank, a portion of the token is burned along with the associated meme coin, directly increasing scarcity. With millions of transactions expected, $CHO holders stand to profit as supply decreases and demand increases.
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Image source: X
Building on its momentum, Choise.ai announced the addition of Ryan Horn, a former Binance executive known for high-profile partnerships with the likes of Cristiano Ronaldo, to its board of directors.
$CHO’s surge earlier this year was partly fueled by its listing on BingX, backed by its presence on exchanges such as KuCoin and MEXC. Anticipation is now rising for a new Tier-1 CEX listing, which could significantly expand its target audience and generate more demand.
$DOGE
As of 2024, Meme Coin’s market capitalization is a whopping $127 billion. And while many coins like $PEPE or $POPCAT have garnered significant attention and seen impressive growth, $DOGE, the original meme coin, still stands out as having the most real potential. The driving force behind 11 years of growth is utility, not mere speculation or hype. $DOGE has already seen a 342% year-over-year growth rate, and the last two weeks of 2024 could push it even higher.
The most popular meme coins have clearly benefited from the overall strength of the market, especially after Bitcoin surpassed $100,000. But this momentum continued for another reason. Elon Musk’s hint of $DOGE payments for X’s premium features and President Trump’s appointment of Musk and Vivek Ramaswamy to lead the new Department of Government Effectiveness (DOGE). The name alone sparked interest, increasing $DOGE’s trading volume and hinting at utility expansion.
Additionally, $DOGE is expected to offer more features beyond its current use for payments within various online and offline stores such as Tesla and Newegg, Jomashop, Burger Bear, Travala, and AirBaltic.
$DOGE appears poised to end the year on a stronger note after a healthy retest following a big rally in November. One factor that could facilitate this is Choise.ai’s Meme Bank project, which actually becomes the first meme coin bank. If this scenario unfolds, burning $DOGE with each transaction could increase demand while simultaneously decreasing circulating supply.
Additionally, expanding the utility of $DOGE and increasing its real-world applications could also be a major catalyst for further growth of $DOGE.
$HYPE
Hyperliquid burst onto the scene with the launch of its $HYPE token on November 29, making it one of the most talked-about token creation events in recent memory. Hyperliquid, a decentralized perpetual trading platform and layer 1 blockchain, allows users to trade perpetual derivatives and spot assets while drawing liquidity from a variety of sources.
At the heart of the platform is the $HYPE token. It serves a dual role as a utility token for transactions and a gas token for HyperEVM, the platform’s execution environment.
Since its launch, $HYPE has quickly risen to CoinGecko’s top 30 cryptocurrencies. USDC net inflows of over $1 billion were recorded, and the token is being celebrated as one of the most successful airdrops of all time despite not being listed on a major centralized exchange.
What sets Hyperliquid apart is its commitment to decentralization. No token supply was allocated to individual investors or exchanges, keeping ownership in the hands of users. The platform’s unique approach to decentralized perpetual transactions has resonated with the DeFi community, and its growing popularity suggests the platform could become a key player in the space.
However, it is important to proceed with caution, as the value of $HYPE has skyrocketed 748% in less than a month. The token shows a lot of promise, but its newness and rapid rise calls for cautious optimism.
summation
It doesn’t matter whether it’s at the beginning or end of the year that coins with real potential and continued development get the recognition they deserve, but this time the end of the year coincides perfectly with big things happening for some projects. With teams like Choise.ai continuing to build, there’s a lot on the horizon. With the imminent launch of Meme Bank, $CHO is likely to see significant gains, while $DOGE and $HYPE also have strong growth potential.