Merlin Chain vs Sky — how do they compare? Merlin Chain trades at Rp304.12 (market cap Rp404,29M, Rp47,98M 24h volume), while Sky trades at Rp1,122 (market cap Rp26,48T, Rp346,57M 24h volume). The key difference: Sky is far larger — about 65497.5× Merlin Chain's market cap, and Merlin Chain's circulating supply is 1,3B / 2,1B MERL (63%) versus 23,3B / 23,5B SKY (100%) for Sky. Which is the better fit depends on your goals — on Pluang, investors hold Merlin Chain for 9 Days and Sky for 14 Days on average.
| MERL | SKY | |
|---|---|---|
Market Cap | Rp404,29M | Rp26,48T |
Volume (24h) | Rp47,98M | Rp346,57M |
Circulating Supply | 1,3B / 2,1B MERL (63%) | 23,3B / 23,5B SKY (100%) |
Typical Hold Time | 9 Days | 14 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.
SKY is trading at Rp1,126.33 with a market cap of Rp26.17T, showing a bullish technical signal from moving averages but neutral oscillators. The token is near resistance at Rp1,128, with RSI_6 indicating overbought conditions. Circulating supply is nearly maxed at 23.3M/23.5M SKY, and average hold time is 14 days, suggesting moderate trader retention.
Overall outlook is cautiously optimistic due to bullish momentum, but risks include overbought signals and potential resistance tests. Key opportunities lie in breakout potential above Rp1,128, while major risks involve volatility and lack of recent fundamental updates. Investors should monitor volume and support at Rp1,077.
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 →Sky (SKY) is the governance token of Sky Protocol and an upgraded version of MakerDAO, built to make DeFi more accessible, scalable, and rewarding through modular, non-custodial tools.
Read more on SKY →