The Great Crypto HODL Challenge for July Is Over…How Did We Make Out?

Green days are finally here in crypto land!

The bull run is coming!

We’re dancing in the streets!

You can always tell when good things are happening in the crypto space because the experts start showing up on YouTube and creating ‘to the moon‘ videos…Sadly, for those of us that have stuck through the red days of 2018 we know better…

Sure, there may be an upwards swing in the markets and with Bitcoin standing around $8100 at the time of this article, but I’m cautious…

Is the bull run imminent? I have NO idea and to me, anyone that says otherwise is lying to you.

Here’s what I can tell you from our HODL challenge this month:

We’re down LOL

You’d think, with all the positive news and excitement back in the crypto space that a solid utility token like Binance would be…Up!

However while it had a decent 24 hours, it’s down from last week’s market of $13.20

So after a month of up’s and down’s here’s where BNB stands for us:

Purchasing 7 BNB on July first for roughly $100 in fiat would have gotten us $90.23, a loss of almost 10 bucks.

Sad right? Horrible in fact?

Nah, if you have been paying attention to any of the challenges we have been doing we’re more about use and real world value than price. And BNB has some BIG value and real world use cases.

If you plan on trading crypto on Binance, the BNB coin is a must. Not only to save you on fees but also the pairings they have been creating with the coin. The Binance brand is very stable and has a great reputation for being a leader in the crypto exchange space and I don’t think that’s changing anytime soon. This is a must own coin if you plan on using Binance.

Real. World. Use!

A crazy concept I know…But something that makes me believe in crypto for the long term. We need to stop talking about coins and projects and start using them. BNB fits the bill, regardless of price!

We’ll be back next week with our August HODL challenge…

And we’ll do something different next month…We’re looking for YOUR suggestion on a token or project to hold for the month. Remember, we’re looking for real world uses and coins / tokens we can actually use….So please leave your ideas below in the comments!