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Meritcircle

MC/USDT bullish ride? 👀 🚀 MC Today analysis💎Paradisers, direct your attention to MCUSDT, which is currently exhibiting intriguing market behavior with a heightened likelihood of embarking on a bullish trajectory. 💎Historically, MeritCircle managed to breach a descending trendline, subsequently establishing an upward momentum. Presently, it's navigating within a demand zone. Should it surpass the supply threshold at .3870, there's a substantial probability it might approach the anticipated resistance zone. 💎However, if the asset struggles to overcome this supply zone, the bullish momentum might find its genesis at the .3347 demand level. It's noteworthy that, despite a contingent of traders potentially shorting this asset, our analysis leans towards a more optimistic, upward trend. 💎On the flip side, should the asset's price descend below the demand level, there's an increased likelihood of a downward trajectory, potentially extending to a critical support level. As always, prudent decision-making and comprehensive market analysis are paramount
MLong
by MyCryptoParadise_Simon
Merit Circle MCUSDT Price Analysis (1d)BINANCE:MCUSDT is staying true to our earlier predictions. The current price action has given rise to an inverted head and shoulders pattern, signaling a potential upward move if it breaks out above the neckline at $0.39. Here are the key points: Pattern Recognition: The formation of an inverted head and shoulders pattern. Implications: This pattern typically suggests an impending upward price movement. Targets: In the event of a successful breakout, keep an eye on the following target levels: $0.45 - $0.59 - $0.74 - $0.98. Risk Management: It's advisable to set a stop loss, preferably below the breakout level of the shoulder support, which stands at $0.26. This analysis aims to provide a clear picture of BINANCE:MCUSDT 's current situation and potential future movements. Keep a close watch on the breakout at $0.39 for confirmation of the bullish trend. Happy trading!
MLong
by Vestinda
Merit Circle MC / US Dollars (MCUSDT) Token Analysis 11/09/2023Fundamental Analysis: Merit Circle operates as a decentralized autonomous organization (DAO) with a primary focus on advancing the play-to-earn (P2E) economy. The project aspires to usher in a new era of gaming, where users can not only enjoy their favorite games but also earn money from their gameplay, transforming it from a mere pastime into a potentially lucrative endeavor. The project officially launched on November 4, 2021, although its development journey commenced back in July 2021. Despite its relatively young age, Merit Circle has rapidly amassed a substantial community, boasting over 64,800 followers on Twitter. Merit Circle's current emphasis is on supporting Axie Infinity, the most renowned play-to-earn game featuring monster battles and boasting the highest trading volume. Through play-to-earn, individuals participating in this ecosystem, often referred to as scholars, are not only earning rewards but also acquiring valuable skills that are anticipated to be in high demand as employers increasingly venture into the crypto metaverse. In the project's roadmap, the DAO intends to extend its support to games like Star Atlas, Illuvium, and Hash Rush. Star Atlas, for instance, is regarded as one of the most ambitious blockchain-based games. Illuvium appears to be an upcoming survival game set in an alien world, while Hash Rush is an online sci-fi/fantasy real-time strategy game situated in the fictional Hermeian galaxy. In these games, players engage in activities such as building, battling, and trading as they strive for survival and victory. While the concept behind Merit Circle is not entirely novel, the project itself stands as a prominent DAO with the overarching objective of maximizing value accumulation across various metaverse games. Its platform operates at the convergence of capital, expertise, and players, encompassing investors, platform operators, managers, and, most importantly, gamers. The potential returns offered by the project have the capacity to transform the lives of gamers who engage with it, potentially leading to life-changing income opportunities. Players have embraced the project's value proposition, particularly the scholarship program tailored for them. Presently, there are more than 500 scholars actively participating in Axie Infinity. The Circle of Merit is already witnessing substantial revenue streams, benefiting both the DAO itself and its participants, including players and liquidity providers. Anticipated future growth is promising, especially since Merit Circle DAO plans to explore additional opportunities within the metaverse through new gaming ventures. Moreover, Merit Circle has cultivated a notable roster of partners, including DeFiance Capital, Spartan Group, Yield Guild Games, and others. These partnerships include industry-leading entities that have commended Merit Circle for developing a scalable operational framework capable of effectively onboarding, nurturing, and sustaining new members. Arthur from DeFiance Capital expressed confidence that "Merit Circle will be among the top guilds with significant influence in this realm." All of these partners, alongside a group of angel investors, extended their support to the company during its seed round, contributing to its successful fundraising effort of $4.5 million. As per a Medium post by Merit Circle, the project underwent a comprehensive audit conducted by Quantstamp, a prominent firm specializing in security assessments within the industry. Quantstamp meticulously assessed and evaluated all facets of the project, initially identifying a total of 12 issues. These issues were promptly addressed, and the code subsequently underwent scrutiny by several individual senior developers. Furthermore, Merit Circle initiated a bug bounty program, enabling the community to thoroughly review the code and identify any additional issues that might have eluded standard checks. Merit Circle (MC) made its debut at a price of $2.8. Although it briefly dipped below this price on November 5th, reaching $2.7024, it swiftly rebounded and reached an all-time high (ATH) of $9.55 on November 6th, albeit with some subsequent minor corrections. This performance has sparked a significant question within the community: whether MC can reclaim its ATH and potentially breach the $10 mark. Among the noteworthy recent developments in the project is the introduction of staking, which was officially announced on November 7th. Additionally, the community now has the ability to participate in voting on decisions related to the project's ecosystem. These developments have generated anticipation and interest in the future trajectory of MC's price and its potential for reaching new milestones. Technical Analysis: We have applied the Fibonacci retracement tool, starting from $0 and extending to $7.5, as it has demonstrated more reliable reactions and responses to the Fibonacci retracement levels. This approach serves as a robust benchmark for predicting future support, resistance, and potential price surges. Within our analysis spanning the next few weeks to months, we have established three target areas based on Fibonacci retracement levels: First Target Price (1 TP): $0.85 Second Target Price (2 TP): $1.6 Third Target Price (3 TP): $2.85 Additionally, we have identified two potential support levels at $0.08 and $0.16. These support levels provide essential reference points for our analysis. Moreover, we have marked several resistance areas on the chart, using Fibonacci retracement levels to further guide our assessment. Sentiment Analysis: Considering the possibility of depreciation in the total market capitalization of cryptocurrencies and the price of Bitcoin (BTC) in the upcoming months, it is reasonable to consider employing a Dollar Cost Averaging (DCA) strategy for long positions at the specified support levels.
MLong
by BitonGroup
If it rises above 0.3425, the previous high point can be renewedHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (MCUSDT chart) (1W chart) The MS-Signal indicator on the 1W chart has switched to a bullish sign. Accordingly, if the price remains near the current price, it is expected to start an upward trend. If not, and it falls, you need to check if it is supported around 0.1974. (1D chart) To continue the upward trend, it must rise above 0.3425. To do this, the price must be maintained above 0.2921, the HA-High indicator on the 1D chart. If it falls below 0.2740-0.2921 and appears to be resistance, it is in the stop-loss zone as it is likely to lead to a further decline. If it rises above 0.3425, there is a possibility of renewing the previous high. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
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by readCrypto
The Rise of Merit Circle TokenWhile the idea driving the Merit Circle Token is not completely novel, the project itself emerges as a pioneering Decentralized Autonomous Organization (DAO) with the mission of maximizing value accumulation across various virtual games in the metaverse. Its platform operates at the crossroads of capital, expertise, and players – symbolizing investors, the platform itself, managers, and naturally, gamers. The potential gains that the initiative has the capacity to generate could potentially translate into transformative income for a subset of the gamers who are actively involved. The players have acknowledged the significance of the undertaking and the scholarship initiative that has been instituted for their benefit. Impressively, there are presently over 500 scholars deeply engaged in the Axie Infinity game. Substantial revenues are already streaming into the Merit Circle Token, which not only bolsters the DAO itself but also benefits players and liquidity providers. Anticipated inflows are on the horizon, particularly since the Merit Circle DAO is embarking on new ventures within the metaverse by venturing into novel games. In addition, Merit Circle Token boasts an enviable array of partners, counting DeFiance Capital, Spartan Group, Yield Guild Games, and more among its ranks. These and other entities stand as front-running names in the industry, commending Merit Circle Token for crafting a scalable operational mechanism that proficiently nurtures, integrates, and sustains fresh participants. Arthur of DeFiance Capital even expressed his belief that "Merit Circle Token will emerge as one of the prominent guilds with the power to shape the metaverse." Every single partner, alongside a cohort of angel investors, threw their support behind the enterprise during its initial funding phase, culminating in an impressive $4.5 million raised to drive its ambitions forward.
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by SophiaAnderson
Merit Circle: Shaping the Future of Metaverse GamingMerit Circle is emerging as a pioneering Decentralized Autonomous Organization (DAO) that is shaping the future of gaming within the metaverse. Its vision is to provide an exciting way to earn through active participation in building this virtual world. Within the Merit Circle platform, a plethora of learning opportunities and support mechanisms are available to those who wish to step into the metaverse while reaping financial rewards from their gaming experience. It's no surprise that this approach echoes the successful inception of the game Axie Infinity, which was brought to life by the same visionaries. The organizational structure of Merit Circle ingeniously comprises a central DAO that guides operations across various smaller DAOs. This entire mechanism is powered by individuals and groups holding the MC token, which plays a crucial role in governance. The functioning of Merit Circle is designed to allow player-mentors to take on mentorship roles within the organization. These mentors have the opportunity to guide "students," who over time can evolve into mentors themselves. This system creates an advantage, as mentor status comes with benefits, including additional rewards based on performance. Currently, the organization is in the process of developing a platform that serves as the intersection between capital (represented by investors), expertise (mentors), and players (gamers). The Merit Circle token (MC) becomes the epicenter of all project activities. This utility token empowers holders by enabling them to actively participate in organization governance. MC holders have the power to vote on decisions of all sizes, from those impacting the entire ecosystem to smaller ones. This process takes place through a governance forum where members can voice their opinions and present proposals, which are collectively decided upon by the central DAO's contributing community, including players and mentors. Moreover, owning the MC token also grants access to a variety of other games following the play-to-earn model, as well as exclusive NFTs. The ingenuity of Merit Circle's operation further unfolds in its operations. The central DAO interacts with several smaller DAOs, each dedicated to a specific game within the play-to-earn ecosystem. A vivid example is the DAO associated with the renowned game Axie Infinity. In this DAO, over 1,500 skilled players have been benefitted with scholarships and support, enabling them to generate returns for the DAO itself. These returns, in turn, fuel the central DAO, accumulating the resources needed to expand its presence into new games, acquire more NFTs, and adopt innovative yield strategies, creating a continuous cycle of growth. Among the games currently available on the platform, three stand out: Sidus Heroes: A futuristic game within the metaverse, offering a wide range of activities from Arena battles to product crafting and resource extraction, ensuring an immersive experience. VulcanVerse: An MMORPG based on Greco-Roman mythology, where players own assets, including temples and even Gods. Through NFTs, players truly possess what they've earned. Axie Infinity: A captivating blend of Pokémon and Tamagotchi, where players are rewarded with tokens for battles and adventures. The focus is on battling, collecting, breeding, and developing a terrestrial realm for the beloved game creatures, the Axies. Furthermore, an exciting horizon awaits with the upcoming launch of several games, including titles like Ascenders, Metalcore, Mobland, and WonderHero. Merit Circle is undeniably on track to position itself among the top 10 on CoinMarketCap, solidifying its role as the blockchain gaming powerhouse of tomorrow.
MLong
by SophiaAnderson
Poised to Lead the Market and Surpass Axie infinity Hype**Merit Circle: Poised to Lead the Market and Surpass Axie infinity Hype** In the ever-evolving landscape of decentralized applications and blockchain gaming, a rising star is making waves. Meet Merit Circle, a groundbreaking Decentralized Autonomous Organization (DAO) that is set to redefine the play-to-earn (P2E) economy. While the concept behind Merit Circle is not entirely new, the project itself has positioned itself as a leading DAO with a mission to maximize value accrual across various metaverse games. At the crossroads of capital, expertise, and players, Merit Circle embodies a unique synergy among investors, platforms, managers, and gamers. Its innovative approach promises substantial returns, potentially transforming the lives of gamers into lucrative income streams. Recognizing the intrinsic value of the project, over 500 scholars are actively engaged with Merit Circle through Axie Infinity, showcasing the platform's early success. What sets Merit Circle apart is its commitment to inclusivity and education. The introduction of a scholarship program for players has not only fostered engagement but also nurtured a thriving community. Scholarships have garnered attention for their potential to train players in new skills that will be in high demand in the emerging crypto metaverse job market. The meritocracy of Merit Circle is underscored by its revenue-generating capabilities. Significant revenues are already flowing into the DAO, benefiting players, liquidity providers, and the DAO itself. As the project expands its focus to new games within the metaverse, the potential for further growth and prosperity is substantial. The project's roster of partners reads like a who's who of the blockchain and gaming industries, featuring luminaries such as DeFiance Capital, Spartan Group, and Yield Guild Games. These reputable entities have commended Merit Circle for its scalable operational process, poised to welcome, nurture, and sustain new members. DeFiance Capital's Arthur has confidently stated that "Merit Circle will be among the top guilds that will be kingmakers in this land." The financial backing for Merit Circle has been robust, with a successful seed round raising $4.5 million. This capital infusion has enabled the project to execute its vision and further solidify its position in the market. While Merit Circle's journey has just begun, its trajectory is marked by innovation and potential. Its support for Axie Infinity and plans to integrate other metaverse games, such as Star Atlas, Illuvium, and Hash Rush, indicate a comprehensive strategy aimed at reshaping the gaming industry. In the realm of cryptocurrency investments, Merit Circle has demonstrated promising growth. Launching at $2.8, it quickly surged to an all-time high of $9.55 before stabilizing. The introduction of staking and ecosystem-related decision-making mechanisms has contributed to its upward momentum, sparking discussions about its potential to reach and exceed $10. In conclusion, Merit Circle has positioned itself as a frontrunner in the evolving landscape of blockchain gaming and DAOs. Its commitment to the play-to-earn concept, coupled with a strong community, strategic partnerships, and impressive financial backing, make it a formidable contender for a spot among the top players in the market. As it sets its sights on reshaping the metaverse economy, Merit Circle is primed to soar to new heights and leave a lasting impact.
MLong
by SophiaAnderson
$MC/BTC 2h (Binance Spot) Ascending triangle breakout & retestMerit Circle regained 200MA and successfully pulled back to 50MA after, printing a golden cross! Current Price= 0.0001191 Buy Entry= 0.0001161 - 0.0001113 Take Profit= 0.0001294 | 0.0001419 | 0.0001632 Stop Loss= 0.0001032 Risk/Reward= 1:1.5 | 1:2.69 | 1:4.71 Expected Profit= +13.81% | +24.80% | +43.54% Possible Loss= -9.23% Fib. Retracement= 0.786 | 1.272 | 2 Margin Leverage= 1x | 2x Estimated Gain-time= 10 jours
MLong
by TradingOn