Merlin Chain vs WalletConnect — how do they compare? Merlin Chain trades at Rp315.08 (market cap Rp424,59M, Rp22,57M 24h volume), while WalletConnect trades at Rp596.15 (market cap Rp258,38M, Rp98,09M 24h volume). The key difference: Merlin Chain is the larger of the two by market cap, and Merlin Chain's circulating supply is 1,4B / 2,1B MERL (65%) versus 434,3M / 1B WCT (44%) for WalletConnect. Which is the better fit depends on your goals — on Pluang, investors hold Merlin Chain for 10 Days and WalletConnect for 24 Days on average.
| MERL | WCT | |
|---|---|---|
Market Cap | Rp424,59M | Rp258,38M |
Volume (24h) | Rp22,57M | Rp98,09M |
Circulating Supply | 1,4B / 2,1B MERL (65%) | 434,3M / 1B WCT (44%) |
Typical Hold Time | 10 Days | 24 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.
WalletConnect (WCT) is currently trading at Rp607.41 with a bearish technical outlook across all major indicators. The token shows weak momentum with RSI readings in neutral territory (32-40) but ADX signals strong selling pressure. Price action is hovering near support levels with immediate resistance at Rp615. Market cap stands at Rp263.9M with 44% of total supply in circulation.
Overall outlook remains cautious with technical indicators heavily favoring sellers. Key opportunity lies in potential bounce from support zones, while major risks include low liquidity and continued bearish momentum. Investors should monitor for any protocol updates that could drive adoption.
What Pluang investors did over the last 30 days
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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 →WalletConnect Network is a decentralized platform that connects users to blockchain apps with ease and security. Powered by the WCT token, it supports a growing ecosystem and launches on Optimism for fast, secure performance.
Read more on WCT →