It is reported that the USD1 competition successfully concluded on July 4th. Considering that the following two days are the weekend, it is expected that the review work will be completed within the first three days of this week, after which the final results will be announced. It is widely believed in the industry that EGL1 is very likely to win the first place. Once the championship is obtained, both the B Foundation and WLFI may conduct buying operations and increase the liquidity pool, which could trigger a significant surge.

From a technical perspective, EGL1 is currently showing a triangular consolidation pattern. Investors can choose to buy at a lower price during pullbacks or wait to enter after a breakout. Regardless of the strategy taken, the medium to long-term development prospects of EGL1 are worth continuous attention.

However, we also need to remind investors that the cryptocurrency market is highly volatile, and any investment decision should be based on thorough research and risk assessment. Although EGL1 is currently performing strongly, there is still uncertainty in the market trend. Investors should remain rational, avoid blindly chasing highs, and ensure proper fund management and risk control.