$2.77
Time period | Change amount | % Change |
---|---|---|
1H | $+0.08000 | +3.14% |
24H | $+0.2000 | +7.73% |
7D | $-0.3000 | -9.91% |
30D | $-0.3100 | -10.02% |
1Y | $+2.43 | +722.93% |
69.73
Reliability Score
Rank #1
# 2111
Percentile
TOP 15%
Merit Circle price today is $2.77 with a 24-hour trading volume of $240637, and as such Merit Circle has a market cap of $65.78 M, giving it a market dominance of 0.0024%. The Merit Circle price moved 7.73% 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 $23.75 M MC. In terms of market cap, Merit Circle is currently ranked 650.
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.
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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.
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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.
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.
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