Last night, BUILDonBsc_AI and worldlibertyfi fulfilled their promise to the champion of the USD1 competition, purchasing 800,000 and 200,000 tokens respectively.
But because this money has to be divided among five projects, the price increase of each project's token isn't very obvious; after a spike, it fell back a bit. I understand why some friends feel a bit disappointed.
However, I think it's normal; after all, if you rely too much on a single event to drive up the token price, it may lead to negative impacts later. So I deliberately waited a day to observe the performance of each project before discussing their current status and future expectations.
1, $Egl1
The hawk's performance this time is quite impressive; by the time I wrote this, it had already broken through and stabilized at a market cap of 100 million, indicating strong momentum.
Since $B transformed from a pure meme to a launch pad for USD1 infrastructure, $EGL1 seems to have taken over the cultural narrative baton. Especially with their Vault interaction, they brought in four memes and older meme projects on BSC like SimonsCatMeme to create a lively community atmosphere.
The fundamentals are solid, and the secondary market is also quite strong; I will continue to be optimistic about this project.
2, $Liberty
When the goddess last focused on 'on-chain charity', the market cap once surged to 100 million, and then it fell back. Last night, it briefly surged to 100 million together with the hawks.
Recently, they haven't updated much on Twitter, so out of curiosity, I asked the team what their plans are for promoting the 'on-chain charity treasury'. Their reply was — they are preparing something big.
From the current price trend, it seems relatively stable with a slight increase. I plan to hold on and wait for new developments.
3, $TAG
On the fundamentals:
Recently, Tagger's official Twitter announced that future data annotation will be settled using USD1, and even some future Web2 orders will use USD1 for settlement. This news is quite impactful, effectively adding a tangible B2B application scenario (enterprise-level settlement scenario) for USD1, which has a lot of imaginative potential.
Secondary market performance:
Since the washout of $TAG at the end of June, it has been clear that its market cap has been steadily increasing. Almost every time there is a slight pullback, it is quickly bought back up again. I personally like this rhythm; it feels steady and solid.
Here I also need to remind that many people will misjudge and say that the market cap of $TAG is too large and that there is no space in the secondary market. But they haven't looked closely at the token model — currently circulating $TAG actually only accounts for about 26.75%, with the remaining 73.25% reserved for future salaries of data annotators.
Moreover, it's not released all at once; rather, the output is halved every time half is completed, theoretically meaning it can never be exhausted. How much is released now depends entirely on how much work the project team puts in. Therefore, in the short term, there isn't much inflation pressure.
In other words, the 'real' circulating market cap of $TAG is actually 223 million * 26.75% ≈ 59.65 million, which is not high at all.
4, $BANK
From a fundamental perspective:
It has completely transformed from the previous BTCfi narrative into the 'on-chain investment bank' route, and has actively embraced 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, aiming to bridge USD1 with the actual yield scenarios of the entire DeFi ecosystem.
From this perspective, it's also understandable why it has surged in the rankings among older projects — after all, they are genuinely making products and continuously pushing forward.
Secondary market performance:
Perhaps because $BANK is the only one among these four champion projects that has already launched on Binance contracts, it is influenced by more market factors, so the price hasn't fully taken off yet.
Yesterday, as soon as the positive news came out, there was an obvious divergence in the market, leading to a sharp rise followed by a sharp drop. Additionally, the user base of $BANK on BSC is not as strong as the previous projects, resulting in even more volatility.
But from a broader perspective, as $Wlfi is about to launch its token and wallet products are also about to be released, projects like LorenzoProtocol, which have strong product capability, have a lot of potential for fundamentals and user growth.
To summarize this round of observations and thoughts:
$EGL1: The strongest performance, both fundamentals and secondary market trends are solid, optimistic and increasing positions.
$Liberty: There hasn't been much new progress on the fundamentals, so hold on for now and consider increasing positions based on further developments.
$TAG: Excellent token economic model, solid fundamentals, continue to hold and observe progress to decide whether to increase positions.
$BANK: There are substantial products in place, with many influencing factors, so hold on for now and wait for USD1+ product data to come out before deciding whether to increase positions.
Take profit strategy:
My initial plan is to wait until USD1/WLFI really takes off and becomes popular before considering taking profit. Of course, everyone's risk preference is different, and you can judge your own take-profit point based on your own pace.
