Recently, the price trend of Merit Circle's token, MC, has captured the public's attention.

In the past week:

From October 11, 2023, to October 13, 2023, MC's market capitalization increased from $140,913,057 to $161,413,497, representing a growth of approximately 14.5%;

However, from October 13, 2023, to October 15, 2023, the market capitalization decreased by about 6.5%, falling from $161,413,497 to $150,989,239;

By October 16, 2023, the market capitalization had slightly increased again, reaching $154,124,886.

The MC token has demonstrated resilience and growth potential, despite experiencing brief fluctuations in the market. Both the market capitalization and price of MC have shown an upward trend. Particularly, between October 11, 2023, and October 13, 2023, the opening price increased from $0.30 to $0.35, marking a growth of approximately 16.7%.

This growth reflects strong investor confidence and support for the Merit Circle project. Furthermore, even during the peak trading volume on October 13, 2023, after a brief adjustment in price, it quickly rebounded, further demonstrating the market's health and stability.

In general, the performance of the MC token has been strong, demonstrating its sustained appeal and growth potential in the cryptocurrency market.

Merit Circle, as a DAO organization dedicated to Play-to-Earn, has been actively seeking to expand its influence in the blockchain gaming industry. In August of this year, Merit Circle launched its own blockchain game called "Beam" with the aim of strengthening its position in the blockchain gaming community.

Currently, there is an ongoing vote regarding whether the MC token will become part of Beam's governance, which may be one of the reasons for fluctuations in the MC token's price.

However, another possible reason could be the launch of the blockchain game Bigtime, which has gained significant attention and discussion in the recent Gamefi market. It's worth noting that Merit Circle established a partnership with Bigtime as early as 2021. According to an official announcement on November 22, 2021, Merit Circle announced its collaboration with the blockchain game Bigtime, and as part of this partnership, Merit Circle received SPACE NFTs worth $500,000.

The early collaboration strategy like this brought significant advantages to Merit Circle because the successful launch of Bigtime further enhanced Merit Circle's visibility and value in the market. This may also be another significant factor contributing to the price fluctuations of Merit Circle tokens. In summary, the partnership between Merit Circle and Bigtime has generated positive market responses for both, indicating that they will play a more significant role in the future blockchain gaming market.

The early collaborative strategy mentioned above has brought significant advantages to Merit Circle. So, it may be worthwhile for us to review the projects Merit Circle has been involved in terms of investment and financing.

Starting with its participation in the Genopets project financing in October 2021, Merit Circle's investment and financing activities have been particularly active. Preliminary statistics show that Merit Circle has participated in a total of 35 blockchain gaming projects' investment and financing activities, with a total investment amount of up to 200 million US dollars. The highest amount was in the case of DuskBreakers, in which Merit Circle participated as a lead investor alongside a16z, with a total amount of 24 million dollars. This proactive investment strategy further demonstrates Merit Circle's strong confidence in the blockchain gaming market and its leadership position in the field. Below is a list of blockchain gaming projects in which Merit Circle has invested:

Delabs Games、Super Duper Secret、Walker World、Redemption Games、Avalon Corp、Oh Baby Games、Roboto Games、Blockstars、Gameplay Galaxy、CLUB、GMATRIXS、Tatsumeeko、Cantina Royal、DuskBreakers、SNACKCLUB、Goons Of Balatroon、CryptoBots、Blast Royale、Footium、Crypto Raiders、AFAR

、Ascenders、MetalCore、Heroes of Mavia、MixMob、Summoners Arena、Elfin Kingdom、Cyball、Rainmaker Games、PathDAO、Fancy Birds、MixMob、Nyan Heroes、SIPHER、Genopets。