Price movement over the last 24 hours
Alchemix vs Merlin Chain — how do they compare? Alchemix trades at Rp36,903 (market cap Rp102,05M, Rp44,21M 24h volume), while Merlin Chain trades at Rp344.78 (market cap Rp449,12M, Rp68,24M 24h volume). The key difference: Merlin Chain is far larger — about 4.4× Alchemix's market cap, and Merlin Chain's supply is capped (1,3B / 2,1B MERL (63%)) while Alchemix's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Alchemix for 8 Days and Merlin Chain for 9 Days on average.
| ALCX | MERL | |
|---|---|---|
Market Cap | Rp102,05M | Rp449,12M |
Volume (24h) | Rp44,21M | Rp68,24M |
Circulating Supply | 2,5M ALCX | 1,3B / 2,1B MERL (63%) |
Typical Hold Time | 8 Days | 9 Days |
Signals from Pluang's Aura AI — not financial advice
ALCX is trading at Rp38,456 with a bearish technical signal, showing weakness below key resistance levels. The asset faces selling pressure with moving averages indicating downtrend momentum, though oscillators remain neutral. With an average hold time of just 8 days, traders show limited conviction. No major protocol updates or ecosystem developments have been reported recently.
Overall outlook remains cautious with key resistance at Rp41,679. Opportunities exist for accumulation near support levels, but risks include low liquidity (Rp102.05M market cap) and bearish technical structure. Monitor for protocol updates that could drive fundamental improvement.
Merlin Chain is trading at Rp340.12 with a market cap of Rp441.6M, showing a bearish technical signal from moving averages but neutral oscillators. The current price sits just below the pivot point of Rp348, with immediate support at Rp335. Circulating supply is 1.3M out of 2.1M MERL (63% circulation rate), and no major protocol updates were found recently.
Overall outlook is cautious due to bearish technicals and limited fundamental catalysts. Key opportunities include potential rebounds from support levels, while major risks involve low liquidity, high volatility, and the absence of recent ecosystem developments. Investors should monitor for any network updates or exchange listing news.
What Pluang investors did over the last 30 days
Alchemix is a DeFi platform on Ethereum that offers self-repaying loans. Users can borrow against their collateral while it generates yield, gradually repaying the loan. This innovative system provides a new way to manage and utilize digital assets.
Read more on ALCX →Merlin Chain is a Layer 2 solution for Bitcoin that incorporates ZK-Rollup networks, decentralized oracle networks, and fraud proofs. Its goal is to enhance Bitcoin's Layer 1 assets, protocols, and applications, fostering innovation and maximizing asset potential on Layer 2. The native token, MERL, is used for staking, which contributes to the security of the Merlin Chain.
Read more on MERL →