GMX vs Merlin Chain — how do they compare? GMX trades at Rp108,229 (market cap Rp1,13T, Rp61,33M 24h volume), while Merlin Chain trades at Rp308.06 (market cap Rp405,45M, Rp54,75M 24h volume). The key difference: GMX is far larger — about 2787× Merlin Chain's market cap, and GMX's circulating supply is 10,4M / 13,3M GMX (79%) versus 1,3B / 2,1B MERL (63%) for Merlin Chain. Which is the better fit depends on your goals — on Pluang, investors hold GMX for 45 Days and Merlin Chain for 9 Days on average.
| GMX | MERL | |
|---|---|---|
Market Cap | Rp1,13T | Rp405,45M |
Volume (24h) | Rp61,33M | Rp54,75M |
Circulating Supply | 10,4M / 13,3M GMX (79%) | 1,3B / 2,1B MERL (63%) |
Typical Hold Time | 45 Days | 9 Days |
Signals from Pluang's Aura AI — not financial advice
GMX trades at Rp108,550 with a market cap of Rp1.13T, showing neutral technical signals overall. The asset maintains a circulating supply of 10.4 million tokens (79% of max supply) with an average hold time of 45 days. Current price sits near pivot point resistance at Rp106,211, with oscillators indicating neutral momentum while moving averages show bullish bias. No major protocol updates or ecosystem developments have been reported recently.
Outlook remains cautiously neutral with key resistance at Rp109,563. Opportunities include potential breakout above resistance levels, while risks involve crypto market volatility and limited recent ecosystem activity. Investors should monitor trading volume patterns and broader market sentiment for directional cues.
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
GMX is a decentralized exchange (DEX) for trading perpetual cryptocurrency futures with up to 50X leverage on popular cryptocurrencies like BTC, ETH and more. The platform launched in September 2021 as Gambit Exchange. To date, GMX has a total trading volume of over $130B and 283K total users, making it the leading derivatives DEX on Arbitrum and Avalanche.
Read more on GMX →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 →