Merlin Chain's native token, MERL, has surged over 50% in the past week following a significant network upgrade on November 7. The upgrade focused on enhancing scalability and eliminating performance bottlenecks, notably improving ZK-Rollup efficiency. This development, along with the August integration of Sui, has expanded Bitcoin DeFi use cases through the M-BTC bridge.
Since June, MERL has been on an upward trajectory, with a notable breakout in September signaling the end of a previous correction. The token is now nearing the 0.45 USD resistance level, with potential to reach 0.50 or 0.65 USD if the current breakout sustains. Additionally, traders are monitoring Maxi Doge as a potential breakout candidate in December, driven by its strong momentum and supportive community.
Merlin Crypto Jumps 50% After Network Upgrade and Market Rally
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