Merlin Chain vs BENQI — how do they compare? Merlin Chain trades at Rp312.8 (market cap Rp425,41M, Rp23,65M 24h volume), while BENQI trades at Rp22.93 (market cap Rp164,33M, Rp9,77M 24h volume). The key difference: Merlin Chain is far larger — about 2.6× BENQI's market cap, and Merlin Chain's circulating supply is 1,4B / 2,1B MERL (65%) versus 7,2B / 7,2B QI (100%) for BENQI. Which is the better fit depends on your goals — on Pluang, investors hold Merlin Chain for 10 Days and BENQI for 48 Days on average.
| MERL | QI | |
|---|---|---|
Market Cap | Rp425,41M | Rp164,33M |
Volume (24h) | Rp23,65M | Rp9,77M |
Circulating Supply | 1,4B / 2,1B MERL (65%) | 7,2B / 7,2B QI (100%) |
Typical Hold Time | 10 Days | 48 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.
BENQI (QI) is trading at Rp23.508 with a market cap of Rp168.35 million, exhibiting a bullish technical signal driven by moving averages, while oscillators remain neutral. The token has 100% circulating supply, with a 48-day average hold time indicating moderate holding behavior. Recent technical indicators show strong trend strength with ADX readings above 80, and key support is at Rp23 with resistance at Rp24.
Overall outlook is cautiously optimistic due to bullish technicals, but limited fundamental updates and low market cap heighten volatility risks. Key opportunities include potential breakout above Rp24, while major risks involve low liquidity and absence of recent ecosystem developments.
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 →BENQI is a decentralized non-custodial liquidity market as well as a liquid staking protocol built on the high-speed Avalanche smart contract network. The lending protocol allows users to lend, borrow, or earn interest using their digital assets. The Liquid Staking protocol provides a solution for capital efficiency, offering users the opportunity to unlock their “staked” AVAX to be used on Decentralized Financial protocols.
Read more on QI →