I'm actually writing this post on Thursday afternoon, because Friday morning when I usually write these posts, @mrsbozz and I will be picking up Christmas baskets for families in the community where we work. For about ten years now a local charitable organization has been providing Thanksgiving and Christmas meals to a handful of families in our community. They also adopt one or two families and provide Christmas presents for the children in the family.
I'll probably write a post about it at a later date, but my wife and I have resorted to taking our truck for the collection because all the food wouldn't come close to fitting in the back of our Buick. It's really impressive how much of a blessing this is to some of our community members who are in need. Even though we are really only transporting the stuff, it still gives you a warm feeling knowing you are part of the process.
It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the community.
I'll be the first to admit I was feeling a bit of a sugar high when BTC rallied past $108,000 earlier this week. I was also feeling the crash as it tumbled back down towards $100K. Pretty funny to think that we could be so disappointed about sitting near $100K. If you remember last cycle, that was a pipe dream that many of us (ie, me) got left holding the bag waiting for.
It's interesting how one move, one word, one Tweet, can turn the world upside down. I had to keep myself from laughing the other day when I saw one of the major news outlets contributing this drop to something someone opposed to crypto said. Nice try FUD machine, nice try.
You would actually think we should be past the FUD phase by now, but I guess not.
As I sit here and watch the charts tick ever closer to that sub $100K mark, it would appear that the FUD machine is alive and well.
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CHEX
Yes, I am still on the CHEX bandwagon and in the spirit of giving, I want to give you some more things to consider if you have been looking at this token. I'm a little ashamed to say that I have been hanging around X a bit more lately, only for the fact that they have a pretty decent CHEX community on there.
In fact, the current CHEX community reminds me a lot of the LINK community which I am not sure if that is a good thing or a bad thing. The fact that CHEX has grown from $.03 to $.70 in just about a year and they don't have a single T1 exchange listing yet is pretty impressive.
Before the huge BTC pull back people were expecting CHEX to hit $1 by the end of this week. Especially after this dropped on Xitter Wednesday:
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This is the second major partnership that Chintai has announced in December alone. Word in the community is that they have dozens if not hundreds more partnerships like this lined up and Q1 2025 is going to be a flurry of activity for the CHEX token. It will be hard for T1 exchanges to ignore the token if that starts happening.
In addition to that, the Trump backed WLFI project has been scooping up RWA tokens lately, so it's probably just a matter of time before they set their sights on CHEX. Whether that is good or bad, who knows.
As always, you should do your own research and this is not financial advice, but at right around $.70 as I write this, many people feel that is still a bargain for this token. If you go back and look at my previous posts, I was telling you the same thing when it was $.07 and $.24, so take that as you will.
I remember when the BNB token first launched. It didn't come on my radar until it was something like $7 per token. I thought about buying some, but before I knew it, it was trading at $14. Again, part of me was saying, buy what you can, but another part of me felt that $14 was just too much to pay per token. Guess what happened next? Yep, $21 per token. Now here we are with BNB sitting just shy of $700 per token and suddenly that $7 per token isn't feeling so bad is it?
Obviously, I'm not saying CHEX is going to go to $700 per token, but dang, how sweet it would be if it did... Even a tenth of that and I would be a happy camper!
Nuscale
In addition to CHEX, I wanted to give you some more info on one of my favorite projects on the traditional investment side of things. Where NuScale used to just be a niche' company that not many people knew about, I have been seeing more and more stories on my news feed mentioning them.
Sure, part of that might have to do with the good old Google algorithm working in the background, but I would like to hope it has more to do with the fact that NuScale is gaining recognition in the nuclear energy space.
In fact, this announcement was just made on the 16th of December about Ohio State University opening a NuScale Power "Energy Exploration Center". Now, as lifelong Michigan resident, I can't get too happy about anything that happens in Ohio (sorry @ericvancewalton), but I do feel this gives NuScale a bit more legitimacy in what has been a tumultuous couple of years for them.
I also found this article the other day which acknowledges investing in NuScale is a bit of a gamble, but at least right now they seem to think it is a gamble worth taking.
I'll be the first to admit that a lot of pieces still have to fall in place for NuScale to be successful, but it definitely feels like they are on the right road!
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