Conflux (CFX), known as the 'Chinese Ethereum', has recently recorded unprecedented surges in its value, presenting a potentially lucrative investment avenue in the cryptocurrency market. These surges have been underpinned mainly by major plans and significant upgrades on its network. The launch of the AxCNH Yuan Stablecoin has especially stoked excitement around the token, causing its price to climb by 28%. This has sparked discussions about the CFX coin's tendency to form a
God Candle -- a bullish indicator in technical analysis. Despite competition from altcoins like Solana, predictions assert that CFX could record even higher gains.
The announcement of new on-chain metrics plus a 3.0 upgrade to Conflux's mainnet have also created significant optimism in the market. However, while there seems to be much buzz around this Chinese-based cryptocurrency, some analysts believe that the token’s fundamentals still lag.
Additionally, the development of a Rupiah-based stablecoin and the rise in buying pressure fuelled by Conflux's 3.0 upgrade has caused a dramatic increase in CFX's value. Nevertheless, the token experienced a 15% decline as its Relative Strength Index (RSI) nears oversold levels, indicating potential risks.
Despite short-term drawdowns, long-term predictions for Conflux are quite promising. With the coin's value skyrocketing up to 1,300% in 2023, forecasters believe the exponential growth will persist, with Conflux potentially leading China's crypto market soon.
The future looks bright for Conflux (CFX), and investors may be looking at a coin whose explosive run is only just beginning.
CFX Coin News Analytics from Sun, 09 Sep 2018 15:55:47 GMT to Thu, 21 Aug 2025 07:00:00 GMT -
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