Compare Merlin Chain (MERL) vs Wrapped Bitcoin (WBTC) Price & Performance
Price performance (Past 24H)
Key statistics
Key statistics
Merlin Chain vs Wrapped Bitcoin — how do they compare? Merlin Chain trades at Rp310.85 (market cap Rp419,42M, Rp27,27M 24h volume), while Wrapped Bitcoin trades at Rp1,121,479,325 (market cap Rp130,67T, Rp1,7T 24h volume). The key difference: Wrapped Bitcoin is far larger — about 311549.3× Merlin Chain's market cap, and Merlin Chain's supply is capped (1,4B / 2,1B MERL (65%)) while Wrapped Bitcoin's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Merlin Chain for 10 Days and Wrapped Bitcoin for 26 Days on average.
| MERL | WBTC | |
|---|---|---|
Market Cap | Rp419,42M | Rp130,67T |
Volume (24h) | Rp27,27M | Rp1,7T |
Circulating Supply | 1,4B / 2,1B MERL (65%) | 116,5K WBTC |
Typical Hold Time | 10 Days | 26 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 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.
WBTC is trading at Rp1,131,520,466 with a market cap of Rp132T, showing a bearish technical signal with moving averages indicating strong selling pressure. The asset is currently between support at Rp1,123,521,902 and resistance at Rp1,143,252,145, with a short-term RSI suggesting potential oversold conditions. No major protocol updates or ecosystem developments have been reported recently.
Overall outlook remains cautious due to bearish technicals and neutral sentiment. Key opportunities include potential rebounds from oversold levels, while major risks involve high volatility, regulatory uncertainty in crypto markets, and liquidity constraints. Investors should monitor Bitcoin network dynamics closely as WBTC's value is directly pegged.
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 Wrapped Bitcoin
Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin on the Ethereum blockchain. Fully ERC-20 compatible, it can be used across Ethereum’s DeFi ecosystem, including DEXs, lending platforms, and prediction markets.
Read more on WBTC →
