The cryptocurrency market is very active these days. After the long winter market and the wave of negative news, spring breezes are coming. As corporate companies show more interest in the space, prices are heading north. Pantera Capital, one of the industry’s leading investment funds, is collaborating with Merit Circle. Following the news, the altcoin price made a strong move north.
Merit Circle collaborated with Pantera Capital, altcoin price increased
cryptokoin.com As you follow from , morale is high in the rising market led by the leading crypto Bitcoin. As corporate companies flocked to the space, the crypto world began to gain more acceptance than the real world. Leading investment companies and funds have also recently raced to increase their crypto investments. One of these was Pantera Capital, one of the industry leaders. Altcoin project Merit Circle shared that it has established a strategic partnership with Pantera Capital. In this context, Merit Circle shared its collaboration as follows:
We are excited to share that we have established a strategic collaboration with industry-leading investor Pantera Capital. We are excited to welcome the renowned fund as BEAM owners and benefit from their support across the board.
.@MeritCircle_IO 🤝 @PanteraCapital
We’re thrilled to share that we’re forming a strategic collaboration with industry-leading investor Pantera Capital 🌈
It’s with excitement that we can welcome the renowned fund as $BEAM holders and enjoy their support across the board.… pic.twitter.com/jQN5OpbwbO
— Merit Circle (@MeritCircle_IO) December 5, 2023
Following the news, the altcoin price started to rise. By the way, it should be noted that Merit Circle changed its token from MC to BEAM with a name change. BEAM price rose from $0.01226 to $0.0134 in a short time. However, the token later started to see sales and lost ground. At press time, the token was trading at $0.01266, up 6% on a daily basis.
BEAM daily price chart. Source: CoinMarketCapPantera Capital is very pleased with the partnership!
Meanwhile, a statement was made by Pantera Capital regarding the partnership with the altcoin project. Pantera Capital Portfolio Manager Cosmo Jiang expressed his excitement about this partnership. In this regard, Jiang made the following statement on his X account:
Gaming is one of the most exciting end markets in consumer media. This is not specific to Web3. But Web3 is uniquely positioned to deliver this. MeritCircle_IO We are grateful to be able to be a small part of the BuildOnBeam journey.
Gaming is one of the most exciting end markets across consumer media – this is not unique to web3, but web3 is uniquely positioned to enable it
Grateful to be able to be a small part of the @MeritCircle_IO @BuildOnBeam journey 🙏 https://t.co/j5PgpBZAKs
— Cosmo Jiang (@cosmo_jiang) December 5, 2023
From an idea to an ecosystem
Merit Circle has undergone tremendous evolution over the past two years. It comes in mid-2021, a time of emerging markets where the gaming narrative is stronger than ever. Since then, Merit Circle has become the largest non-native treasure trove in the gaming industry. For reference, this currently has a larger non-native treasury than household names like Uniswap, Sushiswap, Compound, Aave, Lido, and Maker. The altcoin project underlines that it has invested in more than 70 different projects. He also notes that they have launched various own projects. Best of all, it claims to have launched something revolutionary: BEAM:
