Ethereum Surges 6% on Network Activity Boost, PEPE Climbs 9% Amid Market Fear

Coin WorldMonday, Jun 2, 2025 2:16 pm ET
1min read

Ethereum (ETH) and PEPE have both seen a 6% increase in value this week, while Coldware ($COLD) is poised to follow a similar growth trajectory, with the potential for over 300% growth. Ethereum's rise is attributed to increased network activity and growing interest in Layer-2 scaling solutions. The recent Pectra upgrade has facilitated easier integration of Layer-2 networks, resulting in cheaper and faster transactions. This has led to a significant increase in on-chain activity, with active addresses jumping 20% last week to reach 1.2 million. Daily transaction volume has also climbed 25% to $1.5 billion, indicating a robust network despite overall utilization being below average at around 50.58%. Ethereum ETFs pulled in $38.8 million in net inflows on May 27, contributing to a 4.2% price increase in a single day, bringing ETH to approximately $2,668. Analysts predict that Ethereum could soon test the $2,900 level if this momentum continues.

PEPE, on the other hand, has maintained its strength despite a general "fear" sentiment across the market. The Crypto Fear & Greed Index stands at 32, but PEPE's double bottom formation on the charts suggests a potential end to the downtrend. Momentum indicators are also cooling off, and PEPE is currently trading around $0.00001401, up 9% over the last week. The project's market cap is about $5.88 billion, placing it in the top 30 cryptocurrencies. PEPE's no-tax policy and massive community continue to drive its appeal, with analysts forecasting that it could test $0.000016 soon or even aim higher toward $0.000027 if the momentum holds.

Coldware ($COLD) is taking a different approach by focusing on real-world use cases and building practical tools backed by hardware. Coldware is a Layer-1 blockchain designed for everyday use, handling microtransactions, cross-border payments, and supply chain data with speed, security, and nearly feelessness. The project includes secure blockchain devices like the Larna 2400 smartphone and ColdBook laptop, which are Web3 compatible and function as lite nodes. These devices run Coldware OS, verify transactions on the spot, and protect user data without third-party servers. Coldware's decentralized identity system allows users to verify themselves without giving up control, making it appealing for platforms that need secure logins. The entire system is built to block tracking and minimize data leaks, with built-in fraud prevention and private key protection. Coldware stands out by making blockchain useful now and turning big ideas into real-world tools that people can use. The market is shifting toward real-world utility, and projects that solve problems, not just pump charts, will win. For long-term believers and smart stakers, $COLD is worth watching.

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