Compare Merlin Chain (MERL) vs Waves (WAVES) Price & Performance
Price performance (Past 24H)
Key statistics
Key statistics
Merlin Chain vs Waves — how do they compare? Merlin Chain trades at Rp311.17 (market cap Rp415,03M, Rp57,7M 24h volume), while Waves trades at Rp4,645 (market cap Rp621M, Rp57,91M 24h volume). The key difference: Waves is the larger of the two by market cap, and Merlin Chain's supply is capped (1,3B / 2,1B MERL (63%)) while Waves's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Merlin Chain for 9 Days and Waves for 74 Days on average.
| MERL | WAVES | |
|---|---|---|
Market Cap | Rp415,03M | Rp621M |
Volume (24h) | Rp57,7M | Rp57,91M |
Circulating Supply | 1,3B / 2,1B MERL (63%) | 132,4M WAVES |
Typical Hold Time | 9 Days | 74 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.
WAVES is trading at Rp4,648 with a bearish technical outlook, showing sell signals across moving averages and neutral oscillators. The asset faces resistance at Rp4,735 with support at Rp4,575. Market cap stands at Rp612.02 million with 132.4 million tokens in circulation. No major protocol updates or ecosystem developments have been reported recently.
Overall outlook remains cautious due to strong bearish technical signals and limited fundamental catalysts. Key opportunities include potential bounce from support levels, while risks involve continued downward pressure and lack of positive ecosystem developments. Investors should monitor network activity and trading volume for signs of momentum shift.
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
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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 Waves
Waves is a versatile blockchain platform that supports decentralized applications (DApps) and smart contracts. Launched in June 2016 after one of the earliest ICOs, Waves aimed to enhance speed, utility, and user-friendliness compared to earlier blockchain platforms. The platform has evolved with various updates and features over time. Its native token, WAVES, has an uncapped supply and is used for payments like block rewards.
Read more on WAVES →
