I've been doing daily challenges in Red Dead Online since launch (currently at 430+ days due to two ISP outages that broke my streaks) to maintain the .5 Gold (MTX currency) per challenge reward.
Oddly, I actually enjoy it because it's an excuse for me to launch Red Dead once a day and just calmly ride around for roughly 10-20 minutes. I do the easiest challenges (collecting plants, cooking, eating, visit a location, etc), sit at Camp for a few minutes then head off.
However, for the past month I'm feeling it's completely useless as I'll be switching from PS4 to Xbox Series X at some point and I highly doubt they'll implement proper cross-progression. I'm currently at 1,100+ Gold. All earned in-game. More than likely all lost after the switch. There's not nearly enough items that I want to spend that amount of Gold on but I can't bring myself to purposely end the streak. Again, I LOVE Red Dead and it's an odd excuse for me to spend 10-20 minutes a day in there, but losing all that time due to buying one box over the other? Starting to make me think "well, fuck it then!"