There have been a multitude of remarkable altcoin stories so far in 2021; could HODL be the next one to join the list? Since launching recently, HODL has shot up in price, and it could be positioning itself as the next crypto project to surge in value.
With this in mind, we thought it would be helpful to let you know the best places to buy HODL crypto ahead of any major price movements. Simply scroll down to find out more.
How & where to buy HODL ‘stock’ today
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Given the speculation surrounding the coin, plenty of people have been searching for news about it in recent days. However, we have noticed a popular error; some of the most popular searches include ‘what is HODL stock’ and ‘how to buy HODL stock.’ Before you invest in HODL crypto, it is important that you understand it is a cryptocurrency, not a stock.
No we’ve cleared that up, let’s get into our list of the best platforms to buy HODL tokens:
Etoro is one of the world’s largest online brokers. With low fees and forward-thinking features like CopyTrader™, we feel it is one of the best options around for crypto investors.
Paybis is an online exchange that offers cryptocurrency trades and more. We enjoyed the clear interface and found the platform easy to use.
If you would prefer to check out a different option, check out our list of the top ten crypto brokers here.
What is HODL?
HODL is a cryptocurrency, and its market denotation is HODL. The coin is named after the term hodl, a deliberate misspelling of the world hold, which when used in the context of investing means to buy and continue to hold regardless of price movements. The term sprang to prominence in the wake of the WallStreetBets saga at the start of 2021.
Let’s run down a few of the technical specifications of the HODL project:
- Total supply of 1 Quadrillion $HODL, of which:
- 66.4% for Presale & launch. 100% liquidity is locked for 6 months
- 5% is for airdrop, which is locked until distribution
- The HODL team only gets 1% which is locked, and 4% for marketing
- The team has burnt 23.6%
The platform offers HODLers the chance to earn 4% of every transaction, with rewards distributed in BNB. In addition, 4% of every transaction contributes toward automatically generating further liquidity. Additionally, 2% of every transaction is taken and redistributed to all HODL holders which helps to deflate the supply, driving up the scarcity and increasing the value of HODL. There is also a system in place that disincentivises large transactions.
This appears to be a smart, community-driven ecosystem and it is little wonder it is gaining popularity.
Should I buy HODL?
This depends entirely on your individual investment strategy and financial goals. If you are a short-term crypto trader, HODL may not be for you, whereas if you are a self-professed HODLer, buying and holding could lead to rewards and price accretion.
There is every chance that investors could use HODL to generate consistent, passive income, and this is perhaps the best use for the coin.
HODL price prediction
Given its early stage of development, it is difficult to state a HODL price target. However, when you factor in that the coin is currently trading at fractions of a dollar, it could well be a lottery ticket worth purchasing.
Will HODL make me rich?
That depends. If you were to invest just $1 worth of HODL, you could potentially make a substantial amount of money, and in the worst-case scenario, you would only lose a dollar. Quite whether the coin will make you rich is another matter entirely, and we would need t see a surge of popularity for this to become a possibility. For now, it remains an intriguing project with plenty of potential.
Social media gives its thoughts on HODL
For all the latest on HODL coin and other relevant assets, check out our crypto news section.
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