Compare Merlin Chain (MERL) vs OpenLedger (OPEN) Price & Performance
Price performance (Past 24H)
Key statistics
Key statistics
Merlin Chain vs OpenLedger — how do they compare? Merlin Chain trades at Rp309.32 (market cap Rp405,45M, Rp54,75M 24h volume), while OpenLedger trades at Rp2,721 (market cap Rp839,73M, Rp94,82M 24h volume). The key difference: OpenLedger is far larger — about 2.1× Merlin Chain's market cap, and Merlin Chain's circulating supply is 1,3B / 2,1B MERL (63%) versus 309,6M / 1B OPEN (31%) for OpenLedger. Which is the better fit depends on your goals — on Pluang, investors hold Merlin Chain for 9 Days and OpenLedger for 22 Days on average.
| MERL | OPEN | |
|---|---|---|
Market Cap | Rp405,45M | Rp839,73M |
Volume (24h) | Rp54,75M | Rp94,82M |
Circulating Supply | 1,3B / 2,1B MERL (63%) | 309,6M / 1B OPEN (31%) |
Typical Hold Time | 9 Days | 22 Days |
Aura AI Summary
Signals from Pluang's Aura AI — not financial advice
Aura AI Summary
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.
OpenLedger (OPEN) is currently trading at Rp2,683 with a market cap of Rp828.74 million, showing bearish technical signals across multiple indicators. The token has a circulating supply of 309.6 million OPEN (31% of max supply) with an average hold time of 22 days. Technical analysis indicates strong bearish momentum with moving averages showing 12 sell signals versus 1 buy, while oscillators remain neutral. The asset is trading below its pivot point of Rp2,668, testing support levels.
Overall outlook remains cautious with the token facing significant technical headwinds. Key opportunities include potential oversold conditions (RSI_6 at 17.83) and support at Rp2,413. Major risks include continued bearish momentum, low liquidity, and regulatory uncertainty in the crypto space. Investors should monitor for breakouts above Rp2,787 resistance for trend reversal confirmation.
Investor sentiment on Pluang
What Pluang investors did over the last 30 days
Investor sentiment on Pluang
What Pluang investors did over the last 30 days
About Merlin Chain
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 →About OpenLedger
OpenLedger is an AI blockchain that unlocks liquidity for monetizing data, models, applications, and agents. It facilitates the training, deployment, and on-chain tracking of specialized AI models and data, addressing critical challenges related to transparency, attribution, and verifiability in AI.
Read more on OPEN →
