Tag: Conflux

  • Why did Conflux price spike 38% today?

    Why did Conflux price spike 38% today?

    Conflux Price Surge

    • Conflux price rose 38% amid multiple key integrations.
    • Bulls could push CFX price to $0.50 and target $1 in the short term.
    • Most cryptocurrencies are trading at key support levels, with Conflux set to ride on overall bullish sentiment.

    Conflux (CFX) price rose 38% in 24 hours to hit highs of $0.27 and lead top gainers in early trading on July 29.

    The gains came amid several strategic integrations and partnerships for Conflux, with daily volume also rising as CFX jumped to prices last seen in mid-April.

    A technical outlook suggests a retest of the $0.50 level is possible as Conflux continues to attract attention as a decentralised finance and artificial intelligence ecosystem.

    Conflux price: CFX gains amid major network integrations

    Conflux Network’s native token has benefited from fresh upside momentum as the ecosystem sees a series of high-profile collaborations.

    Both in DeFi and AI, these integrations are set to enhance the utility and market appeal of CFX.

    Among the pivotal developments is the partnership with OrcaMind.AI, which brings AI-driven payment solutions to the Conflux Network.

    Set to amplify upside momentum is the announcement that Conflux Network has joined forces with Fufuture, a decentralised perpetuals platform, a move set to integrate advanced trading capabilities and expand CFX adoption.

    These efforts add to recent momentum fueled by Conflux’s partnership with AnchorX and Eastcompeace Technology to unveil an offshore yuan-pegged stablecoin.

    “We have joined forces with AnchorX and Eastcompeace Technology for offshore RMB stablecoin (AxCNH) projects, cross-border settlement, and RWA initiatives across Belt and Road countries,” Conflux posted on X.

    Also crucial is Conflux’s mainnet upgrade, with transactions boost adding to scalability as the network looks to expand its footprint across real-world assets tokenisation and cross-border payments.

    Support in China is a major factor for CFX.

    CFX price outlook

    Bullish sentiment has indeed catalysed a 34% uptick this past week and over 250% in the past month.

    However, Conflux price remains well off the all-time high of $1.70 reached in 2021.

    Conflux price chart by CoinMarketCap

    What’s next for CFX is therefore a key sentiment factor for analysts and investors, who might look at the 24-hour spike of 38% and 250% in 30 days as a pointer to where prices might go next.

    The integrations and partnerships could drive more gains, albeit with market volatility and the overall crypto outlook a significant consideration.

    But should the network continue to leverage AI integration and cross-chain capabilities, a bounce in altcoins will solidify CFX’s upward potential.

    A breakout to $0.50 in the short term will allow bulls to target $1 and higher. Meanwhile, a downward flip may bring $0.20 and 0.15 into play as support levels.



    Source link

  • CFX price explodes 100% amid news from a major Conflux conference

    CFX price explodes 100% amid news from a major Conflux conference

    Conflux Price Up

    • Conflux price jumps more than 100% to lead top 100 coins by market cap as Ethereum eyes $4,000.
    • An altcoin rally has buoyed top coins like XRP, Solana and BNB.
    • News from a network conference in Shanghai, mainly that Conflux 3.0 is coming, has buoyed CFX bulls.

    Conflux (CFX) is trending as the top gainer in the 100 largest coins by market cap in the past 24 hours, with its price up an impressive 116%.

    CFX traded to highs of $0.24, a multi-month peak that has bulls eyeing a major breakout.

    This rally for the 81st-ranked altcoin comes amid a broader bullish flip for top cryptocurrencies, with Ethereum leading the charge as Bitcoin takes a breather.

    Part of CFX’s uptick is down to a major news announcement around Conflux 3.0, an upgrade expected to go live this August.

    Conflux 3.0 announcement triggers triple-digit uptick for CFX

    As noted, CFX ticked up by more than 100% as the Conflux price reacted to a major news announcement.

    This announcement came at the Conflux Technology & Ecosystem Conference 2025 in Shanghai, held between July 18 and 20.

    Among the key highlights of the summit was an announcement by Dr. Guang Yang, the chief technology officer of Conflux.

    Yang noted that the upgrade that rolls in the Conflux 3.0 Architecture will activate in August.

    Positive market reaction saw the altcoin post gains as mega cap cryptocurrencies edged up alongside Ethereum’s pump and XRP’s push for a new all-time high.

    Solana was also looking to break towards $200.

    The historic passage and signing into law of the GENIUS Act have contributed to this rally in cryptocurrencies.

    It’s likely the same reason Conflux, a layer-1 blockchain designed to transform stablecoin and payment infrastructure for consumer payments, has skyrocketed in the past two days.

    For Conflux, this overall bullish picture for altcoins has combined with network-specific news to catalyse the bulls’ march to highs last seen in mid-December 2024.

    Daily volume rose by more than 1050% to over $1.74 billion, while the CFX market cap climbed to over $1.13 billion.

    Conflux price outlook

    The price of Conflux has indeed jumped by 116% in the past 7 days, extending gains to 204% in the past month.

    Bulls have given up some of the gains seen when Conflux price jumped to intraday highs of $0.24.

    Conflux price chart by CoinMarketCap

    The bullish uptick has put CFX above the key supply zone around $0.18.

    It means a break above $0.30 could bring the $0.55 peak reached in March 2024 into play.

    A run to $1 or higher in the short term is likely if altcoin season is on.

    However, profit-taking may result in a revisit of key previous support levels, including $0.14 and $0.10.

    At the current price of $0.22, CFX is more than 900% up on its value of $0.021 that bears reached in January 2023.

    The Conflux token hit its all-time high above $1.70 in March 2021.



    Source link