Merlin Chain vs Origin Protocol — how do they compare? Merlin Chain trades at Rp309.93 (market cap Rp406,55M, Rp50,2M 24h volume), while Origin Protocol trades at Rp308.98 (market cap Rp207M, Rp140,7M 24h volume). The key difference: Merlin Chain is the larger of the two by market cap, and Merlin Chain's circulating supply is 1,3B / 2,1B MERL (63%) versus 673M / 1,4B OGN (48%) for Origin Protocol. Which is the better fit depends on your goals — on Pluang, investors hold Merlin Chain for 9 Days and Origin Protocol for 74 Days on average.
| MERL | OGN | |
|---|---|---|
Market Cap | Rp406,55M | Rp207M |
Volume (24h) | Rp50,2M | Rp140,7M |
Circulating Supply | 1,3B / 2,1B MERL (63%) | 673M / 1,4B OGN (48%) |
Typical Hold Time | 9 Days | 74 Days |
Signals from Pluang's Aura AI — not financial advice
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.
Origin Protocol (OGN) is trading at Rp303.91 with a market cap of Rp204.1M, showing a bullish technical signal despite bearish moving averages. The token is currently positioned near its pivot point of Rp302, with key resistance at Rp312 and support at Rp296. With a circulating supply of 673.1 million tokens (48% of max supply) and average hold time of 74 days, the token demonstrates moderate network participation.
Overall outlook remains cautiously optimistic with bullish oscillators and strong ADX readings indicating trend strength. Key opportunities include potential breakout above Rp312 resistance, while risks include low liquidity and regulatory uncertainty. Investors should monitor trading volume patterns and broader crypto market sentiment 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 →