Last night, BUILDonBsc_AI and worldlibertyfi redeemed the rewards for the USD1 competition champion, buying 800,000 and 200,000 respectively.
It may be because the purchase volume needs to be spread across five projects, so the price increases in each project's tokens are not particularly obvious (rising and then falling), which has left some community members feeling a bit disappointed.
However, I actually find it acceptable because being too reliant on a single event to drive up the token price may later become counterproductive. Therefore, I specifically waited a little over a day to observe the price trends of each project before planning to review the progress and expectations of these projects.
1, EGLL_american $Egl1
The eagle's performance is still impressive, especially since I am writing this article, it has already broken through and stabilized at 100M, showing strong momentum.
Since $B transitioned from a pure meme to a USD1 infrastructure launch pad, the eagle $EGL1 is somewhat taking the baton to focus on cultural efforts. The Vault they are working on is connecting @four_meme_ and even traditional BSC old meme SimonsCatMeme, creating a vibrant community.
Fundamentals + strong secondary performance, I continue to be optimistic about the future.
2, liberty_bsc $Liberty
The goddess's market value once surged to 100M after positioning for on-chain charity, but later fell back, and last night briefly surged to 100M again together with the eagle.
Recently, their Twitter updates have not shown much progress. Out of curiosity, I inquired about how the team plans to advance the on-chain charity treasury, and they said they are working on something big.
It seems the token price is also stabilizing and rising, so I plan to continue holding and look forward to their progress.
3, TaggerAI $TAG
From a fundamental perspective:
Tagger's official Twitter announced that some data labeling will be settled in USD1. Additionally, Web 2 orders will also be settled using USD1 in the future. This adds strong B2B (Enterprise business model settlement) application scenarios for USD1.
From the perspective of secondary performance:
Since $TAG completed its washout at the end of June, it has been evident that its market value has been steadily climbing. Almost every time it pulls back to a certain extent, it confidently rises back up, a rhythm I really like.
Many people have a misconception here, thinking that $TAG's market value is too large, so there is no space in the secondary market. In fact, it's because they haven't carefully looked at $TAG's tokenomics; currently, about 26.75% of their tokens are in circulation, with the remaining 73.25% reserved for future workers.
Moreover, they distribute tokens in a halving manner every time half is issued, so theoretically, it can never be completely issued. The current issuance speed depends on the amount of work the project team releases, and there is little inflationary pressure in the short term.
Therefore, the current real market value of $TAG is not 223M, but 223 * 26.75% = 59.65M, which is not high.
4, LorenzoProtocol $BANK
From a fundamental perspective:
A comprehensive shift from the previous BTCfi narrative to the on-chain investment bank narrative, and beginning to embrace USD1 and BNBCHAINZH.
For example, the USD1+ OTF launching on the 18th is the first institutional-level on-chain yield product in the USD1 ecosystem, integrating RWA, quantitative strategies, and DeFi yields to unlock real yield use cases for USD1 and the broader DeFi ecosystem.
Some can understand why their project has outperformed in the evaluation of old projects, after all, they also have legitimate products and can continue to exert effort.
From the perspective of secondary performance:
It may be because it's the only project among the four champions that has already acquired a Binance contract position, so it is influenced by more factors in the secondary market, and the price trend has not yet fully diverged.
After yesterday's positive news, there was also a significant divergence, leading to a big rise and fall. This is related to $BANK's later success, as it has a slightly weaker BSC user base compared to the first three.
However, with $WLFI about to issue tokens and the wallet launch, projects like LorenzoProtocol, which excel in product capability, have a significant chance of seeing improvement in fundamentals and user base.
To summarize:
$EGL1 is optimistic and increasing positions
$Liberty holds to see fundamental progress to determine whether to increase positions
$TAG holds to see fundamental progress to increase positions
$BANK holds to see if USD1 product data confirms whether to increase positions
I initially consider the take-profit position at USD1/WLFI when the crowd is lively; everyone can also grasp it themselves.