Conflux (CFX), a China-endorsed public blockchain, is showing robust signs in the cryptocurrency market. Its price predictions hint at a gradual increase through 2025 to 2030, with speculators asking if it could hit the $1 mark. CFX has fostered a noteworthy partnership with China Mobile's Migu to launch blockchain-based video ringtones, among other new ventures. In addition, Conflux's price has seen impressive uprisings of 110% and even 400% in a single week, indicating potential for further growth. The coin has successfully risen to rank among the top 5 altcoin gainers in March alongside XRP, XLM, XDC and MASK. It managed to achieve a market cap of $1 billion, making it a cryptocurrency unicorn. The platform has caught the attention of retail traders in Hong Kong due to its compatibility with the Ethereum Virtual Machine (EVM). Its position is further solidified by the successful raise of $9.5 million by CFX Labs for expanding global stablecoin remittances. Yet, caution remains as there are claims of a necessary resistance break for bullish confirmation, and signs of potential setback from bears. Innovation-wise, Conflux has presented an EVM-compatible Bitcoin Layer-2 solution spiking CFX price by 8%, and has unveiled a burning proposal leading to an 18% rise in price. Despite the growth of meme coins like Dogecoin, CFX remains a more solid option with growing partnerships and developments including a new toll gantry activation.
Investment experts have kept an affirmative eye on its growth, while the Indonesian crypto exchange memory sticks to the need to register new offers or face shutdown.
CFX Coin News Analytics from Sun, 09 Sep 2018 15:55:47 GMT to Tue, 11 Feb 2025 08:00:00 GMT -
Rating 7
- Innovation 8
- Information 8
- Rumor 5
