Step App vs Merlin Chain — how do they compare? Step App trades at Rp10.12 (market cap Rp45,43M, Rp32,79M 24h volume), while Merlin Chain trades at Rp306.64 (market cap Rp401,36M, Rp47,94M 24h volume). The key difference: Merlin Chain is far larger — about 8.8× Step App's market cap, and Merlin Chain's supply is capped (1,3B / 2,1B MERL (63%)) while Step App's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Step App for 11 Days and Merlin Chain for 9 Days on average.
| FITFI | MERL | |
|---|---|---|
Market Cap | Rp45,43M | Rp401,36M |
Volume (24h) | Rp32,79M | Rp47,94M |
Circulating Supply | 4,5B FITFI | 1,3B / 2,1B MERL (63%) |
Typical Hold Time | 11 Days | 9 Days |
Signals from Pluang's Aura AI — not financial advice
Step App (FITFI) shows limited market activity with a modest market cap of Rp45.43M and circulating supply of 4.5M tokens. The asset demonstrates low trading volumes and minimal price discovery, with an average hold time of 11 days suggesting short-term speculative interest. No recent protocol updates or significant ecosystem developments have been observed, indicating stagnant network growth.
Overall outlook remains cautious due to low liquidity and limited adoption. Key opportunities include potential protocol revivals, while major risks involve extreme volatility from low market depth and regulatory uncertainty in the crypto space. Investors should monitor for any ecosystem developments or exchange listings that could impact token utility.
Merlin Chain is currently trading at Rp309.87 with a market cap of Rp408.14 million, exhibiting a bearish technical signal driven by moving averages. The token's circulating supply is 1.3 million out of a maximum 2.1 million, with a circulation rate of 63%. Key technical indicators show oversold conditions on the RSI_6 but sell signals from ADX, with immediate support at Rp299 and resistance at Rp321. No major protocol updates or ecosystem news were identified recently.
Overall outlook remains cautious due to strong bearish momentum and limited fundamental catalysts. Key opportunities include potential rebounds from oversold levels, while major risks involve low liquidity, high volatility, and the absence of recent development activity. Investors should monitor for any network updates or shifts in trading volume.
What Pluang investors did over the last 30 days
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Step App is a Web3-based fitness application that combines gamification, fitness, and blockchain technology. It enables users to earn cryptocurrency tokens by engaging in physical activities such as walking, jogging, or running. The concept behind Step App is based on the "move-to-earn" model, where users are rewarded for staying active.
Read more on FITFI →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 →