Cetus Protocol vs Merlin Chain — how do they compare? Cetus Protocol trades at Rp322.88 (market cap Rp308,81M, Rp35,43M 24h volume), while Merlin Chain trades at Rp309.07 (market cap Rp406,08M, Rp50,82M 24h volume). The key difference: Merlin Chain is the larger of the two by market cap, and Cetus Protocol's circulating supply is 956,5M / 1B CETUS (96%) versus 1,3B / 2,1B MERL (63%) for Merlin Chain. Which is the better fit depends on your goals — on Pluang, investors hold Cetus Protocol for 30 Days and Merlin Chain for 9 Days on average.
| CETUS | MERL | |
|---|---|---|
Market Cap | Rp308,81M | Rp406,08M |
Volume (24h) | Rp35,43M | Rp50,82M |
Circulating Supply | 956,5M / 1B CETUS (96%) | 1,3B / 2,1B MERL (63%) |
Typical Hold Time | 30 Days | 9 Days |
Signals from Pluang's Aura AI — not financial advice
Cetus Protocol is currently trading at Rp327.32 with a market cap of Rp309.4M, showing bearish technical signals overall. The asset faces selling pressure with moving averages indicating bearish momentum while oscillators remain neutral. Key support levels are at Rp311-320, with resistance at Rp330-340. The token has 96% circulating supply with typical 30-day holding patterns.
Overall outlook remains cautious with technical indicators favoring sellers. Key opportunity lies in potential bounce from support levels, while major risks include continued bearish momentum and limited liquidity. Investors should monitor volume patterns and ecosystem developments for directional cues.
Merlin Chain (MERL) is currently trading at Rp311.48 with a market cap of Rp405.88 million, showing a bearish technical signal overall. The asset is near its pivot point of Rp310, with immediate support at Rp300 and resistance at Rp317. With 63% of its max supply in circulation and a short average hold time of 9 days, the token exhibits high turnover. No major protocol updates or ecosystem news are reported recently, keeping fundamental developments quiet.
Outlook remains cautious due to strong bearish momentum in moving averages, though oversold RSI hints at potential near-term rebounds. Key risks include low liquidity, high volatility, and limited network activity. Opportunities may arise if it holds above key supports, but investors should monitor for any ecosystem growth or exchange listings to gauge recovery potential.
What Pluang investors did over the last 30 days
Cetus Protocol, a decentralized exchange and liquidity protocol, operates on the Sui and Aptos blockchains. It leverages the Concentrated Liquidity Market Makers (CLMM) paradigm, integrating elements from Uniswap V3 and Trader Joe to offer advanced trading and liquidity options. Cetus aims to build a robust and flexible liquidity network, enhancing trading experiences and liquidity efficiency for DeFi users.
Read more on CETUS →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 →