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    Merit Circle

    MC

    Rank #591

    $3.68

    -4.43%
    24H Low$3.58
    $3.9124H High
    24H Volume
    $233451
    All-Time High(ATH)
    $11.7
    All-Time Low(ATL)
    $0.1603
    Market Cap
    $97.74 M
    Fully Diluted Valuation
    $97.74 M
    Market Cap/FDV
    100%
    Circulating Supply
    26.52 M MC
    Total Supply
    26.52 M MC
    Max Supply
    26.52 M MC
    Market Sentiment
    Neutral
    * Data from 3rd parties

    Merit Circle (MC) Price Trends

    Time period
    Change amount
    % Change
    1H
    $-0.04600
    -1.25%
    24H
    $-0.1630
    -4.43%
    7D
    $+0.2002
    +5.44%
    30D
    $+0.09237
    +2.51%
    1Y
    $+44.31
    +1204.1%

    Credibility Indicators

    69.67

    Reliability Score

    Rank #1

    # 2126

    Percentile

    TOP 15%

    Investors

    Binance Labs

    Binance Labs

    The Spartan Group

    The Spartan Group

    Digital Currency Group (DCG)

    Digital Currency Group (DCG)

    Mechanism Capital

    Mechanism Capital

    DeFiance Capital

    DeFiance Capital

    Maven 11 Capital

    Maven 11 Capital

    Bitscale Capital

    Bitscale Capital

    Yield Guild Games (YGG)

    Yield Guild Games (YGG)

    Live Merit Circle (MC) Price Update

    Merit Circle price today is $3.68 with a 24-hour trading volume of $233451, and as such Merit Circle has a market cap of $97.74 M, giving it a market dominance of 0.0033%. The Merit Circle price moved -4.43% 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 $26.52 M MC. In terms of market cap, Merit Circle is currently ranked 591.

    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 Tokenomics

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    Merit Circle Analysis

    Merit Circle (MC) News

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