Ethereum’s Layer 2 solutions have recorded impressive growth. Unichain and Base are leading the charge, boosting Ethereum’s usage and interest.
Analysts have revealed that Ethereum is hitting new milestones, with the ecosystem now holding a record 15.4 million active addresses, a massive 62.7% surge in just one week. Layer 2 networks are now processing 6.65 times more transactions than Ethereum’s main network.
Ethereum Is Thriving, Unichain and Base Lead
Ethereum’s modular setup moves most activity to Layer 2 chains, while the Mainnet is mainly used to finalize transactions. This helps Ethereum grow without compromising its security.
Unichain leads all EVM chains with 5.8 million active addresses, making up 39.26% of all tracked users. This is an impressive start for a network just two months old. Base, Coinbase’s Layer 2 chain, followed closely with 4.76 million active users (32.21%), surpassing Ethereum’s mainnet, which has 2.06 million active addresses (13.94%).
Ethereum’s ecosystem is becoming more interconnected, with OP Mainnet leading in cross-chain activity at 42.2%.
Critics Question Authenticity
However, some market experts, like William Peets, questioned its authenticity. He believes that a 62% increase may not be entirely organic and said that presenting such data as evidence just harms its credibility. Other community members also questioned the reliability of ‘active addresses’ as a true measure of growth.
Whales Stacking Up Ether
Recent data from Lookonchain reveals that institutional whales are accumulating Ethereum again. Over the past few hours, a wallet linked to Cumberland withdrew 27,632 ETH, worth $50.24 million, from Binance, Coinbase, and Copper.
However, Galaxy Digital has been consistently selling ETH in recent months. It recently moved 23,000 ETH, valued at $42.52 million, to Coinbase.
It seems that whales/institutions are accumulating $ETH!
After weeks of outflows, Ethereum ETFs saw inflows of 31,199 ETH ($55.5 million) last week and 59,538 ETH ($106.63 million) this week, which shows rising interest from investors. Ethereum is currently trading at $1,828, down 0.9% in the past day.
What is the current price of Ethereum?
Ethereum is currently trading around $1,828, showing a slight decrease of 0.9% in the last 24 hours.
CAKE, the native token of decentralized exchange (DEX) PancakeSwap, is today’s top gainer, defying broader market trends.
The token has recorded a modest 3% gain over the past 24 hours, outperforming leading assets like Bitcoin (BTC) and Ethereum (ETH), which are both down by roughly 1% each during the same period. Technical indicators suggest that the rally could continue as it is backed by significant demand from market participants.
CAKE Climbs as Trading Volume Soars 88%
Amid the lull of the broader market over the past week, CAKE has managed to record gains. Currently trading at $2.48, the token has climbed by 9% since May 31.
This bullish trend continues today, evidenced by the trading volume surge accompanying CAKE’s price growth. The token’s trading volume is up 88% over the past day, pointing to heightened investor interest and growing demand for the DeFi asset.
When an asset’s trading volume rises alongside its price, it signals strong buying interest and confirms the strength of the upward price move. This combination suggests growing investor confidence in CAKE and hints that the upward trend may continue in the near term.
Moreover, readings from the altcoin’s BBTrend indicator support this bullish outlook. Observed on a one-day chart, the indicator is currently at 12.76, posting only green histogram bars since May 9.
The BBTrend measures the strength and direction of a trend based on the expansion and contraction of Bollinger Bands. When it returns red bars (negative values), the asset’s price consistently closes near the lower Bollinger Band, reflecting sustained selling pressure and hinting at the potential for further downside.
Conversely, as with CAKE, when BBTrend values are positive, it typically signals a strong uptrend. At 12.76, the momentum indicator confirms increasing bullish pressure among CAKE holders, suggesting that the current rally may have further room to run.
Bullish Indicators Emerge for CAKE, But Will $2.81 Hold?
CAKE’s rising Relative Strength Index (RSI) lends credence to this bullish outlook. As of this writing, the indicator is at 54.75 and in an upward trend.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
CAKE’s current RSI setup shows a steady rise in token accumulation, a pattern that could drive further price growth.
If current sentiment and volume levels persist, CAKE could extend its gains to $2.81 in the near term.
The crypto market is beginning to recover from the general market dip that saw the market free fall. With a recovery in progress, now is the best time to buy altcoins before the market fully recovers. Several tokens are already looking bullish, and you can’t afford to miss some of them this year if you want to gain explosive returns in 2025. These tokens are XRP, PI, RXS, PEPE, and BERA. With bullish sentiment driving the market, these five tokens present compelling cases for explosive returns in 2025.
Ripple (XRP)
Ripple’s XRP has steadily increased after a major legal win against the SEC. With the agency dropping its appeal, XRP surged to $2.60 before settling around $2.45. Analysts are eyeing a breakout past $2.80, with predictions soaring as high as $77.7 in this bull cycle. An XRP ETF approval could fuel a rally, with JPMorgan estimating $8 billion in investments within the first year. Ripple’s ecosystem is also expanding, fueling its growth. If momentum continues, XRP could soon retest its all-time high and hit higher highs.
Pi Network (PI)
Pi Network is at a critical point, as its price has dipped below $1. Despite this slump, analysts see bullish signals. One sign is the Three Drive chart pattern, which hints at a potential breakout. Market sentiment remains uncertain, fueled by speculation over a Binance listing and upcoming token unlocks. Burning 60-100 million PI coins could stabilize the price. With the crypto market surging, Pi Network could make a strong comeback if key resistance levels break.
Rexas Finance (RXS)
Rexas Finance is gaining attention as its vision for real-world asset (RWA) tokenization could unlock new opportunities for investors to join the market. Accessibility has been a problem in the RWA market due to the high cost of these assets and geographical restrictions.
Hence, Rexas Finance aims to change the narrative through tokenization. The tokenization process turns RWAs like real estate and intellectual property into digital tokens. Its innovative ecosystem strongly supports this vision, offering practical tokenization and RWA investment solutions for regular investors and institutions.
One of its standout features is the Rexas Token Builder, which allows individuals and companies to create tokens without technical expertise. This tool is fueling the expansion of asset tokenization, making it easier than ever to bring real-world value onto the blockchain. Rexas Finance’s upcoming token launch on June 19 is expected to be a significant turning point.
Demand is surging, with its presale already at 91% sold out and over $47.5 million raised. The token has already appreciated by 566% since the start of the presale, showing strong bullish momentum. Analysts predict that RXS could see exponential growth post-launch. Liquidity will increase as it gets listed on major exchanges, further driving price momentum. The RWA sector is gaining popularity, with projections suggesting it will hit $16 trillion by 2030.
Hence, Rexas Finance is well-positioned to be a market leader as it gains widespread adoption. Experts project a rally to $15 in a short time frame. Rexas Finance’s innovative approach, strong presale performance, and upcoming launch make it a top pick.
Pepe Coin (PEPE)
PEPE shows signs of a breakout after a consolidation phase. Bullish momentum is building, backed by substantial volume and positive technical indicators. The RSI remains above 50, signaling continued buyer interest. Meanwhile, the MACD crossover hints at an uptrend. A significant rally could follow if PEPE breaks past key resistance at $0.00000766. However, support at $0.00000589 will be crucial if selling pressure increases. Investors are closely watching for the next big move as the meme coin gains traction.
Berachain (BERA)
BERA is making waves with a remarkable surge. This year, it has jumped over 40% from its lowest point to $7.45. Its market cap now exceeds $795 million, fueled by a booming DeFi ecosystem. Berachain also has $3.2 billion in Total Value Locked. Infrared Finance alone holds $2.13 billion, reflecting massive growth. Introducing Proof of Liquidity and new reward vaults has driven further excitement. With stablecoin liquidity crossing $1 billion and strong technical indicators, Berachain is positioned for even more gains in 2025.
Conclusion
These five tokens are gaining investor attention as the crypto market readies to recover fully. Ripple (XRP) is poised for a strong rally, especially if an ETF is approved. Pi Network (PI) faces uncertainty but could see a revival if key bullish patterns play out. Similarly, Pepe Coin (PEPE) and Berachain (BERA) also hold strong upside potential, with technical indicators signaling further gains. Meanwhile, Rexas Finance (RXS) could be the best bet as its early growth potential gives it an upper hand. It could witness exponential growth post-launch, supported by a strong presale performance and high utility.
For more information about Rexas Finance (RXS) visit the links below:
The post Ripple (XRP), Pi Network (PI), and 3 More Tokens You Can’t Afford to Miss in 2025 appeared first on Coinpedia Fintech News
The crypto market is beginning to recover from the general market dip that saw the market free fall. With a recovery in progress, now is the best time to buy altcoins before the market fully recovers. Several tokens are already looking bullish, and you can’t afford to miss some of them this year if you …
Over the past few months, Onyxcoin’s (XCN) price has struggled to break free from a persistent downtrend. Despite some optimistic sentiment from investors, recent attempts at an upward breakout have been unsuccessful.
The broader market conditions remain bearish, which is dampening the cryptocurrency’s price action and limiting recovery potential.
Onycoin Needs Stronger Support
The NVT (Network Value to Transaction) ratio for Onyxcoin is currently at a four-month high, which highlights an imbalance between the network value and the asset’s market value. High NVT ratios indicate that although the network is gaining attention, actual transactions are weak.
This is a bearish signal because it suggests that the hype surrounding Onyxcoin is not backed by substantial user activity or adoption. Consequently, the altcoin’s recent price movements are driven more by speculative interest rather than organic growth, making it difficult for the coin to escape its current downtrend.
Onyxcoin’s overall macro momentum also looks concerning. The Relative Strength Index (RSI) is currently below the neutral mark of 50.0, signaling that the cryptocurrency is in a bearish zone.
The RSI has been weak for some time, reflecting investor pessimism and weak market sentiment. This bearish momentum is likely to continue, especially given that the broader cryptocurrency market is also showing weak performance, reinforcing the downward trend for XCN. The lack of positive momentum in the broader market further affects Onyxcoin’s ability to recover.
Currently trading at $0.0122, Onyxcoin is holding just above the critical support of $0.0120. The coin has been trapped in a nearly two-month-long downtrend, and unless there is a significant shift in market conditions, this downtrend is expected to persist.
The next key support level for Onyxcoin is at $0.0100. Given the ongoing bearish indicators, it seems likely that the price will fall to this level, extending the downtrend. If the broader market conditions fail to show signs of improvement, Onyxcoin could see further declines, possibly testing even lower support levels.
However, the bearish outlook could be invalidated if Onyxcoin manages to breach its downtrend line and push past the $0.0150 mark. Successfully flipping this resistance into support would signal a potential recovery and could lead the price to $0.0182 or higher.
