Merlin Chain serves as a Layer 2 solution for Bitcoin, incorporating essential components like ZK-Rollup networks, decentralized oracle networks, and fraud proofs within the Bitcoin chain. Its primary objective is to empower the native assets, protocols, and application ecosystem of Bitcoin Layer 1, facilitating ongoing innovation and maximizing asset potential on Layer 2 networks.
Merlin Chain Price Analysis
As of November 24 2024 Merlin Chain has a marketcap of $160M.
This is {{percentagefromath}} from its all time high of $1.45.
In terms of its tokenomics, there's a total supply of 2.1B with 23% currently outstanding.
Keep in mind Merlin Chain has a fully diluted value of $691M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
