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$MC - The Best Metaverse Token?
Merit Circle could be the perfect index bet on the Metaverse
Welcome to the seventh Alpha newsletter. We curate alpha for you. That’s it; that’s the newsletter.
So far Alpha has mainly covered major coins in the Top 100, but the launch of Merit Circle and subsequent research convinced us it was more than worthy of a newsletter.
What is Merit Circle?
Merit Circle is a decentralized autonomous organization (DAO) with a mission to maximize value accrual across different games in the metaverse. They are creating a platform at the intersection of capital (investors), expertise (platform and managers) and players (gamers).
This one pager from Coin98 Insights is a great intro to the project:
Merit Circle’s BLBP was record breaking and this thread from Pentoshi is long, but well worth a read if you want some solid fundamental analysis for why $MC is a worthy investment.
We’ve picked out a few from the thread that discuss the structure of Merit Circle and how it differs from YGG.
The metaverse is very much in vogue right now. Satoshi Stacker makes the analogy that betting on $MC is betting on a metaverse index.
So we had the launch a few days ago and staking is now live and a lot of people have been locking up their tokens.
Uncle is rather bullish.
Merit Circle have directly copied Illuvium’s staking model and this could be the start of a very beautiful thing. Euro Sniper with the exact point on the chart where $ILV’s staking went live.
Another alpha leak from the co-founder.
Succinct analysis of the current $MC situation.
It’s early days for technical analysis as we only have a few daily candles, but here’s an idea…
Dread Bongo is someone with a great track record for finding crypto gems.
We will leave you with this thought:
And that’s your alpha.