In the past six months, the market has generally shown a bullish trend, and everyone is looking forward to the real wave of the "copycat season."
Against the backdrop of capital rotation, BTCFi and the Layer 2 track have become key areas of focus, especially the project #MERL (Merlin).
Project progress:
Merlin is currently in the spotlight of Binance's Alpha segment, with the contract launched, and there are basically no issues on the spot trading side.
With BTC reaching a new market capitalization high and ETH continuing to show strong upward momentum, Merlin focuses on BTCFi and chain abstraction (Merlin 2.0), with a clear positioning and direction.
Currently, the market capitalization is at a relatively low level, having undergone a deep washout, and the circulating supply is relatively light, creating conditions for a light-hearted entry. Considering the enormous potential of the BTCFi track, Merlin's valuation advantage is quickly becoming apparent.
Short-term target for upward movement: $0.2
Spot layout suggestion: hold without worries, and actively watch for subsequent explosive opportunities
