What is Merlin Chain?

Merlin Chain (MERL) is an altcoin currently ranked 451st by market capitalization across all crypto assets we track. It trades alongside other digital assets across centralized and decentralized venues globally.

Market position

At the current price of $0.0187, Merlin Chain carries a market capitalization of $18.34M. Daily trading volume across exchanges sits at roughly $3.90M. That works out to a 24-hour turnover of about 21.24% of the float — elevated turnover, often a signal of active narrative-driven trading.

Price action across timeframes

Over the past 24 hours, Merlin Chain has moved -1.57%; over the past week, Merlin Chain has moved -32.39%; over the past 30 days, Merlin Chain has moved -22.41%; over the past year, Merlin Chain has moved -78.59%.

Cycle position

Merlin Chain is currently trading far below its all-time high (all-time high of $0.6722, -97.2% from peak). . From its all-time low of $0.0212, current pricing represents a +-12% recovery.

Supply & dilution

The circulating supply stands at 2,100,000,000 MERL. With 100.0% of the maximum supply already issued, future dilution is near-zero — almost all token issuance is behind us.

Volatility profile

Recent price action puts Merlin Chain in the Extreme-volatility bucket. The asset is in a high-volatility regime — these are the conditions where outsized gains and losses both become more likely. Over the past 30 days, the 30-day move totals -22.41%, which traders should weigh against position sizing and stop-loss placement.

How to evaluate Merlin Chain

A balanced read on MERL typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is MERL performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.

Project description

Merlin Chain (MERL) is a decentralized blockchain platform designed to facilitate secure and efficient data exchange and transactions through smart contracts. It aims to enhance the interoperability of various blockchain technologies while providing users with a scalable and user-friendly environment. Source: CoinPaprika.com