Merit Circle (MC) is a cryptocurrency token rooted in the blockchain gaming and metaverse ecosystem, designed to empower players, developers, and communities through decentralized governance and incentive structures. Built on the Ethereum blockchain and launched in October 2021, MC has evolved into a notable player within the GameFi and Play-to-Earn (P2E) sectors. This comprehensive overview explores Merit Circle’s current price dynamics, market performance, token distribution, technical indicators, and long-term viability—all while maintaining SEO-optimized clarity for investors and crypto enthusiasts.
Current Price and Market Performance
As of the latest data, Merit Circle (MC) is trading at **$0.0920**, reflecting a **+6.63% increase** over the past 24 hours. The price opened the day at $0.0854 and briefly dipped to $0.0850 before recovering and trending upward. While this marks a positive short-term movement, the coin remains significantly below its historical peaks.
Over the last week, MC has gained +4.08%, though it is down -0.91% month-over-month and a stark -94.61% year-over-year. When measured against Bitcoin and Ethereum, MC shows mixed signals—slightly bearish against ETH but modestly positive against BTC over weekly and monthly horizons.
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The 52-week price range for MC spans from a low of $0.0779** to a high of **$2.41, with its all-time peak reaching $6.63 on March 11, 2024. Despite recent momentum, the current price sits roughly 98.6% below its all-time high, indicating substantial recovery potential—or continued volatility—depending on market sentiment and ecosystem development.
Market Capitalization and Supply Metrics
Merit Circle currently holds a market cap of $1.6 million**, ranking it around #1434 among all cryptocurrencies. This valuation is based on its **circulating supply of 18 million MC tokens**. However, if fully diluted using the total supply, the market cap could rise to approximately **$61.7 million, suggesting room for growth should more tokens enter circulation or investor confidence rebound.
The token operates within several niche categories:
- Gaming (GameFi): #194
- Metaverse: #96
- Play-to-Earn: #79
- Governance: #78
While these rankings reflect moderate traction, they also highlight stiff competition from larger GameFi projects like Gala, Immutable, and Render.
Tokenomics: Distribution and Incentive Structure
A well-structured token economy is crucial for long-term sustainability in decentralized networks. Merit Circle's token allocation is distributed as follows:
- Community Incentives: 29.44%
- DAO Treasury: 18.4%
- Team & Advisors: 20%
- Early Investors: 14.06%
- Liquidity Rewards: 10%
- Public Distribution: 4.1%
- Retroactive Rewards: 4%
This distribution emphasizes community-driven growth, with nearly half of the total supply allocated to incentives and treasury reserves that fund future development and staking rewards.
However, wealth concentration remains a concern: the top 10 wallets control 75.84% of the total supply. While some may belong to exchange-held reserves, such centralization can impact price stability and decentralization credibility.
Technical Analysis: Short-Term Outlook
Technical indicators present a nuanced picture of MC’s current trajectory:
- RSI (14): 52.95 → Neutral momentum
- Williams %R: -0.04 → Slight overbought signal
- Average Directional Index (ADX): 55.33 → Strong trend, but leaning toward sell
- Moving averages show a bullish crossover on short-term SMAs (10–30), but longer-term SMAs (50–200) remain in sell territory
In summary, while short-term traders may see buying opportunities near support levels, long-term investors should remain cautious due to persistent downtrends on higher timeframes.
Historical Performance and Volatility
Merit Circle’s journey since its 2021 launch has been marked by extreme volatility:
- Best Year: 2024 saw a surge from $0.264 to $4.54
- Worst Year: Later in 2024, prices collapsed from $2.88 to $0.165
- The lowest recorded price was $0.080 in April 2025
Annualized returns tell a sobering story:
- 3-Month ROI: -5.97%
- 6-Month ROI: -54.24%
- 12-Month ROI: -95.03%
Volatility remains exceptionally high:
- 3-Month Volatility: 43.47%
- 12-Month Volatility: 150.24%
- Maximum Drawdown: -98.90%
These figures underscore MC’s high-risk profile—suitable for speculative traders but demanding caution from conservative investors.
Blockchain Activity and Holder Insights
Since its launch on October 22, 2021, Merit Circle has recorded:
- 6,046 unique holders
- 128,466 token transfers
- Over 167 transactions in the last 30 days (~5.57 per day)
While transaction volume is relatively low compared to leading GameFi tokens, consistent holder engagement suggests a stable core community. The top 100 wallets hold 92% of the total supply, reinforcing concerns about liquidity concentration.
Frequently Asked Questions
What is the current price of Merit Circle (MC)?
As of now, MC is priced at $0.0920, up +6.63% in the last 24 hours.
What was Merit Circle’s all-time high?
MC reached its peak value of $6.63 on March 11, 2024.
How many Merit Circle tokens are in circulation?
There are currently 18 million MC tokens in circulation.
Is Merit Circle built on Ethereum?
Yes, MC is an ERC-20 token issued on the Ethereum blockchain.
Where can I buy Merit Circle (MC)?
MC is available on select decentralized and centralized exchanges. Always verify listing authenticity before trading.
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What factors influence MC’s price movement?
Key drivers include broader crypto market trends, GameFi sector developments, project updates from the Merit Circle DAO, and overall sentiment in blockchain gaming.
Final Thoughts: Is Merit Circle Worth Watching?
Merit Circle represents a bold experiment in merging gaming economies with decentralized finance. Despite its steep decline from previous highs, the project maintains a dedicated community and structured token incentives that could fuel future resurgence.
For investors, MC offers high-risk, high-reward potential—particularly if blockchain gaming experiences renewed adoption in 2025 and beyond. However, success hinges on transparent governance, reduced wealth concentration, and real-world utility within its partnered gaming ecosystems.
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As always, thorough research and risk management are essential when engaging with volatile assets like Merit Circle. By monitoring technical signals, ecosystem developments, and macro crypto trends, traders can make informed decisions in this evolving digital frontier.
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