Immutable vs Merlin Chain — how do they compare? Immutable trades at Rp2,386 (market cap Rp4,72T, Rp178,27M 24h volume), while Merlin Chain trades at Rp309.91 (market cap Rp406,23M, Rp49,79M 24h volume). The key difference: Immutable is far larger — about 11619× Merlin Chain's market cap, and Immutable's circulating supply is 2B / 2B IMX (100%) versus 1,3B / 2,1B MERL (63%) for Merlin Chain. Which is the better fit depends on your goals — on Pluang, investors hold Immutable for 47 Days and Merlin Chain for 9 Days on average.
| IMX | MERL | |
|---|---|---|
Market Cap | Rp4,72T | Rp406,23M |
Volume (24h) | Rp178,27M | Rp49,79M |
Circulating Supply | 2B / 2B IMX (100%) | 1,3B / 2,1B MERL (63%) |
Typical Hold Time | 47 Days | 9 Days |
Signals from Pluang's Aura AI — not financial advice
Immutable (IMX) is currently trading at Rp2,377 with a market cap of Rp4.69T, showing bearish technical signals from moving averages while oscillators remain neutral. The token has reached full circulation with 2M tokens in supply and an average hold time of 47 days. Current price sits between support at Rp2,344 and resistance at Rp2,404, indicating consolidation within a tight range.
Overall outlook remains cautious with bearish technical momentum outweighing neutral oscillators. Key opportunities include potential bounce from support levels, while risks involve continued downward pressure and limited fundamental catalysts. Investors should monitor volume patterns and broader crypto 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
Immutable X is the first layer-two scaling solution for NFTs on Ethereum. IMX is the protocol's native ERC-20 utility token. The token’s three core use cases are fees, staking, and governance. 20% of the protocol’s fees must be paid in IMX, and users can stake IMX to receive a proportional share of the network’s fees.
Read more on IMX →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 →