Conflux Network (CFX), also known as the 'Chinese Ethereum,' is making great strides in the cryptocurrency sphere. Several pieces of information suggest that it may rise to dominate China's crypto market by 2024-2030. CFX is currently in a breakout zone and its price could rise 350% post-breakout. Another exciting development is the partnership of
CFX Network with China Mobile's Migu to launch Blockchain-Based Video ringtones. Using the EVM-compatible Bitcoin L2 solution, the CFX price rallied by 8%. To further the Conflux vision, they recently unveiled a new roadmap, which has affected the CFX price positively, causing a jump of 10%. In an era where meme coins are plummeting, Conflux remains strong, having seen its price skyrocket 1,300% in 2023, further attracting retail traders in Hong Kong. Another proposal that has shown an impact was to burn CFX tokens, causing an 18% increase in its price. To further expand the ecosystem, CFX Labs raised a fresh $9.5M to boost Solana-Based Stablecoin Remittances globally. Their recent partnerships with Layer 1 Blockchain Tenet and Qtum aim at gaining more exposure in China.
CFX also showed impressive performance in the past months, gaining 61%, and has plans of bringing DeFi to China. Announcements of new partnerships with venture studios and Coinbase's support are expected to keep the market sentiment bullish.
CFX Coin News Analytics from Sun, 09 Sep 2018 15:55:47 GMT to Tue, 12 Nov 2024 14:45:07 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor 6
