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Merit Circle

MC

Rank #378
$ 3.19
-1.38%
24H Low$3.03
24H High$3.37
24H Volume
414.19K
All-Time High(ATH)
$11.7
All-Time Low(ATL)
$0.1603
Market Cap
117.83M
Fully Diluted Valuation
117.83M
Market Cap/FDV
1
Circulating Supply
36.94M MC
Total Supply
36.94M MC
Max Supply
36.94M MC
Market Sentiment
--
* Data from 3rd parties

Merit Circle (MC) Price Trends

Time period
Change amount
% Change
1H
$ 0.009348
0.29%
24H
$ -0.04410
-1.38%
7D
$ 0.2412
7.56%
14D
$ 2.51
78.53%
30D
$ 2.75
86.25%
1Y
$ 23.25
728.86%

Live Merit Circle (MC) Price Update

Merit Circle price today is $3.19 with a 24-hour trading volume of 414.19K, and as such Merit Circle has a market cap of 117.83M, giving it a market dominance of 0%. The Merit Circle price moved -1.38% in the last 24 hours.

Merit Circle reached its highest price on 2021-12-02 when it was trading at its all-time high of $11.7, while its lowest price was recorded on 2023-06-15 when it was trading at its all-time low of $0.1603. The current lowest price since the last cycle high was $0.1603, and the highest price since the last cycle low was $11.7. The social sentiment of Merit Circle is currently Positive.

The current circulating supply of Merit Circle is 36.94M MC. In terms of market cap, Merit Circle is currently ranked 378.

About Merit Circle (MC)

Merit circle is a decentralized autonomous organization (DAO). It invests in making money while playing games and takes advantage of NFT by lending the Dao's NFT assets to players. Through collaboration, education and tools, players can increase their game revenue. From 2022 Q1, players and managers will start playing games through the merit circle dashboard, providing them with a merit circle meta game experience, a game with challenges and rewards on top of the native games they are playing. This allows players to play both games at the same time and make profits at the same time. MC is the governance token of merit circle Dao. There are the following current and planned use cases: Governance: MC token holders (mortgage tokens) can vote on network governance decisions. Play to earn index: each MC token represents a part of the maindao vault. Through MC token, users can access multiple NFT games in various subdaos, which will be used as an index of the industry of earning while playing. Pledge: MC token holders can pledge their MC tokens or uniswap LP tokens in the merit circle platform to obtain MC rewards. Preemptive NFT experience: MC token holders can preemptively experience the native NFT from merit circle and the NFT issuance from platform partners. Platform rewards: in the future, MC token holders will be eligible for platform rewards and product discounts based on their MC holdings. The project raised $4.5 million in seed sales and sold 140625000 MC (14.06% of the total token supply). Dao has raised $105.5 million in the balancer liquidity bootstrapping pool through copperlaunch and sold 4102000 MC tokens (4.10% of the total token supply). The funds raised are in the Dao vault.

FAQs

1. What determines the price movement of Merit Circle?

There are two schools of thought in determining the price of Merit Circle.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Merit Circle, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Merit Circle from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Merit Circle on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Merit Circle as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Merit Circle and the cryptocurrency market as a whole.

Merit Circle (MC) News

GateLive AMA Recap - Chamcha

GateLive AMA Recap - Chamcha

CHAX is Chamcha’s only platform token. As an Ordinals trading platform, it supports cross-chain, has a destruction mechanism, staking, and AI Yield Farming.
Source: Gate.blog
Posted:
Daily News | # US Debt Ceiling Sparks Uncertainty, Investors Await FOMC; Crypto Resilient as BTC Stagnates, HK Targets Digital Asset Hub

Daily News | # US Debt Ceiling Sparks Uncertainty, Investors Await FOMC; Crypto Resilient as BTC Stagnates, HK Targets Digital Asset Hub

The correlation between BTC and traditional assets weakens. HK introduces new rules to become a digital asset hub. US debt ceiling impasse creates market uncertainty. Traders await Federal Reserve meeting minutes for interest rate insights.
Source: Gate.blog
Posted:
Daily News | Crypto Traders Anxious as Wall Street Plummets and Bitcoin Reacts to FOMC Interest Rate Increase

Daily News | Crypto Traders Anxious as Wall Street Plummets and Bitcoin Reacts to FOMC Interest Rate Increase

Federal Reserve_s quarter-point rate increase caused anxiety among traders, with Bitcoin dropping below $27,000, but analysts suggest it may still benefit as a leading risk-on asset in a banking crisis. Short-term and long-term holders and stablecoin supply will influence its future direction.
Source: Gate.blog
Posted:
Daily News | Wall Street Surges on Bank Performance, while FOMC Rate Decision and Market Factors Loom

Daily News | Wall Street Surges on Bank Performance, while FOMC Rate Decision and Market Factors Loom

Wall Street_s VIX fell as stocks rebounded and banks surged amid reassurance from authorities that the recent financial turmoil wouldn_t lead to a full-blown crisis. There is still uncertainty over the Federal Reserve_s rate decision. BTC surpassed $28,000, while Coinbase_s stock rallied.
Source: Gate.blog
Posted:
Daily News | Central Banks Attempt to Boost Market Confidence, Bitcoin Fluctuates Pre-FOMC, DWF Labs Invests in Synthetix

Daily News | Central Banks Attempt to Boost Market Confidence, Bitcoin Fluctuates Pre-FOMC, DWF Labs Invests in Synthetix

Central banks_ actions to increase market confidence have boosted stock prices. Bitcoin fluctuated at $28,000 as investors await the US central bank_s interest rate decision. DWF Labs invests $20m in Synthetix to boost liquidity and market-making.
Source: Gate.blog
Posted:
Daily News | Crypto and Equity Prices Recover After Jan FOMC Meeting, Frax Finance Boosts Stability with Fully Collateralized Stablecoin

Daily News | Crypto and Equity Prices Recover After Jan FOMC Meeting, Frax Finance Boosts Stability with Fully Collateralized Stablecoin

The January FOMC meeting minutes caused initial declines in both crypto and stocks, but prices recovered. NY Fed_s John Williams emphasized balancing supply and demand for 2% inflation. Meanwhile, Frax Finance collateralized FRX stablecoin at 100%, boosting stability.
Source: Gate.blog
Posted:

Merit Circle (MC) Announcements

Date
Market Cap
Volume
Open
Close
2024-02-29
$319.95K$124.41M$3.47N/A
2024-02-28
$449.95K$128.03M$3.56$3.47
2024-02-27
$325.27K$123.24M$3.39$3.56
2024-02-26
$949.79K$117.29M$3.22$3.39
2024-02-25
$824.54K$117.19M$3.21$3.22
2024-02-24
$738.16K$117.84M$3.22$3.21
2024-02-23
$537.21K$119.94M$3.26$3.22
2024-02-22
$390.9K$119.77M$3.31$3.26