Magic Eden vs Waves — how do they compare? Magic Eden trades at Rp1,135 (market cap Rp669M, Rp1,38T 24h volume), while Waves trades at Rp3,469 (market cap Rp542,7M, Rp54,88M 24h volume). The key difference: Magic Eden is the larger of the two by market cap, and Magic Eden's supply is capped (586,8M / 1B ME (59%)) while Waves's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Magic Eden for 33 Days and Waves for 74 Days on average.
| ME | WAVES | |
|---|---|---|
Market Cap | Rp669M | Rp542,7M |
Volume (24h) | Rp1,38T | Rp54,88M |
Circulating Supply | 586,8M / 1B ME (59%) | 133,5M WAVES |
Typical Hold Time | 33 Days | 74 Days |
Signals from Pluang's Aura AI — not financial advice
Magic Eden (ME) is currently trading at Rp1,110.3 with a market cap of Rp660.02M, showing bearish technical signals overall despite bullish oscillators. The token faces resistance at Rp1,171 and support at Rp1,034, with key indicators like RSI neutral and ADX signaling strength. With 59% of max supply circulating and average hold time of 33 days, the token shows moderate network adoption.
Outlook remains cautious due to bearish technical dominance. Opportunities exist if support holds, but risks include high volatility and regulatory uncertainty. Investors should monitor trading volume patterns and ecosystem developments closely.
WAVES is currently trading at Rp 3,509, exhibiting a bearish technical structure with moving averages signaling strong selling pressure, though oscillators show some bullish divergence. The price is near key support at S1 (Rp 3,497), with resistance at R1 (Rp 3,585). No major protocol updates or ecosystem news were identified recently. The asset holds a market cap of approximately Rp 542.7 million with a circulating supply of 133.5 million tokens.
Overall outlook remains cautious due to dominant bearish signals and lack of positive catalysts. Key opportunity lies in a potential rebound from oversold RSI levels, but major risks include low liquidity, high volatility, and the absence of recent positive fundamental developments. Investors should monitor for breaks below support for further downside.
What Pluang investors did over the last 30 days
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$ME is the official token of Magic Eden, powering cross-chain trading, minting, and wallet protocols. As a key player in the onchain economy, it connects a large community of users who earn rewards by trading NFTs and tokens across major ecosystems. $ME represents the power of decentralized applications and with its user-friendly mobile app, it serves as an accessible entry point for new retail users to explore crypto.
Read more on ME →Waves is a versatile blockchain platform that supports decentralized applications (DApps) and smart contracts. Launched in June 2016 after one of the earliest ICOs, Waves aimed to enhance speed, utility, and user-friendliness compared to earlier blockchain platforms. The platform has evolved with various updates and features over time. Its native token, WAVES, has an uncapped supply and is used for payments like block rewards.
Read more on WAVES →