Merlin Chain vs Origin Protocol — how do they compare? Merlin Chain trades at Rp311.61 (market cap Rp419,3M, Rp26,47M 24h volume), while Origin Protocol trades at Rp290.89 (market cap Rp200,39M, Rp73,94M 24h volume). The key difference: Merlin Chain is far larger — about 2.1× Origin Protocol's market cap, and Merlin Chain's circulating supply is 1,4B / 2,1B MERL (65%) versus 689,4M / 1,4B OGN (49%) for Origin Protocol. Which is the better fit depends on your goals — on Pluang, investors hold Merlin Chain for 10 Days and Origin Protocol for 75 Days on average.
| MERL | OGN | |
|---|---|---|
Market Cap | Rp419,3M | Rp200,39M |
Volume (24h) | Rp26,47M | Rp73,94M |
Circulating Supply | 1,4B / 2,1B MERL (65%) | 689,4M / 1,4B OGN (49%) |
Typical Hold Time | 10 Days | 75 Days |
Signals from Pluang's Aura AI — not financial advice
Merlin Chain is currently trading at Rp318.44 with a market cap of Rp430M, showing bearish technical signals as it trades below the pivot point of Rp323. The token has 65% of its maximum 2.1M supply in circulation with an average hold time of 10 days. Technical indicators show mixed signals with bearish moving averages but neutral oscillators, while the asset trades near key support at Rp315.
Overall outlook remains cautious with bearish technical pressure, though neutral oscillators suggest potential consolidation. Key opportunities include proximity to support levels for potential rebounds, while risks include limited liquidity and the bearish trend continuation. Investors should monitor volume patterns and network developments closely.
Origin Protocol (OGN) is currently trading at Rp288.81 with a market cap of Rp198.62 million, showing bullish technical signals across moving averages and oscillators. The token trades near key support at Rp290 with resistance at Rp300, while RSI_6 at 88.49 indicates potential overbought conditions. With only 49% of the 1.4 million maximum supply in circulation and an average hold time of 75 days, the token demonstrates moderate network participation.
Overall outlook remains cautiously optimistic given the bullish technical alignment, though the overbought RSI suggests near-term consolidation. Key opportunities include potential breakout above Rp300 resistance, while risks include high volatility and limited liquidity. Investors should monitor support levels and trading volume for directional cues.
What Pluang investors did over the last 30 days
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 →Origin Protocol (OGN) is a network that allows market participants to share goods and services over a peer-to-peer (P2P) network. The platform aims to create a vast online marketplace by leveraging the Ethereum (ETH) and Interplanetary File System (IPFS) blockchains to eliminate the need for intermediaries. Origin Protocol is also bringing NFTs and DeFi to the masses.
Read more on OGN →