We investigate the problem of holomorphic algebraizibility for real hypersurfaces in complex space. We introduce a new invariant of a (real-analytic) Levi-nondegenerate hypersurface called {\em the jet transcendence degree}. Using this invariant, we solve in the negative the Conjecture of Huang, Ji and Yau on the algabraizability of real hypersurfaces with algebraic syzygies.