The correct way to make crypto grow is by using it, it can be trading or doing transaction,holding for long term is not going to make crypto grow, it's going to make the crypto survive, and the reason exchanges make competition is to advertise their site, but it's good for the crypto and the exchanges, so I support the idea of this trading competition
How you are saying that holding for long term is not going to make crypto grow ? Because as far as I am concerned, when you are holding one particular crypto, the chances for people to dump it will be very less. When more number of people are adopting then obviously that crypto will be having big price levels over the time because everyone is investing and holding and no one will be there to dump it. This is the basic understanding of myself why people are suggesting to go for holding but you are saying completely a different thing.
I am also in support of having trading competition because I will be getting chances to win but I'm finding this will NOT be helping crypto but definitely it will help the exchange to be promoted among traders because many traders like myself will be looking for such competition so that we can prove ourselves along with chances of gaining bonus.