Welcome to the seventh Alpha newsletter. We curate alpha for you. That’s it; that’s the newsletter.
![Image Image](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5e1ee25d-ecc0-444d-8dbe-98fab3f7218a_1600x900.jpeg)
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.
![Twitter avatar for @Pentosh1](https://substackcdn.com/image/twitter_name/w_96/Pentosh1.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFDb3G1IWEAw2xEC.jpg)
We’ve picked out a few from the thread that discuss the structure of Merit Circle and how it differs from YGG.
![Twitter avatar for @Pentosh1](https://substackcdn.com/image/twitter_name/w_96/Pentosh1.jpg)
![Twitter avatar for @Pentosh1](https://substackcdn.com/image/twitter_name/w_96/Pentosh1.jpg)
![Twitter avatar for @Pentosh1](https://substackcdn.com/image/twitter_name/w_96/Pentosh1.jpg)
The metaverse is very much in vogue right now. Satoshi Stacker makes the analogy that betting on $MC is betting on a metaverse index.
![Twitter avatar for @StackerSatoshi](https://substackcdn.com/image/twitter_name/w_96/StackerSatoshi.jpg)
![Twitter avatar for @MeritCircle_IO](https://substackcdn.com/image/twitter_name/w_40/MeritCircle_IO.jpg)
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.
![Twitter avatar for @MeritCircle_IO](https://substackcdn.com/image/twitter_name/w_96/MeritCircle_IO.jpg)
![Twitter avatar for @MeritCircle_IO](https://substackcdn.com/image/twitter_name/w_40/MeritCircle_IO.jpg)
Uncle is rather bullish.
![Twitter avatar for @UVtho](https://substackcdn.com/image/twitter_name/w_96/UVtho.jpg)
![Twitter avatar for @MeritCircle_IO](https://substackcdn.com/image/twitter_name/w_40/MeritCircle_IO.jpg)
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.
![Twitter avatar for @EyeofCyber](https://substackcdn.com/image/twitter_name/w_96/EyeofCyber.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFDk1lPHWYAIfGOF.jpg)
Succinct analysis of the current $MC situation.
![Twitter avatar for @FantomKnight_](https://substackcdn.com/image/twitter_name/w_96/FantomKnight_.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFDneQ3VVUAEhvNd.jpg)
It’s early days for technical analysis as we only have a few daily candles, but here’s an idea…
![Twitter avatar for @MiddleChildPabk](https://substackcdn.com/image/twitter_name/w_96/MiddleChildPabk.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFDnBxz9X0AQYilu.jpg)
Dread Bongo is someone with a great track record for finding crypto gems.
We will leave you with this thought:
![Twitter avatar for @godeLives](https://substackcdn.com/image/twitter_name/w_96/godeLives.jpg)
And that’s your alpha.