Cfx, the native token of conflux network, draws attention after an increase in prices. The room jumped 44% in a single day and increased by almost 270% in the last month. Currently, it is negotiating about $ 0.27, a big jump which means that retail and institutional investors take note.
But what really pushes CFX so fast?
Conflux’s strategic partnerships
The main reason for the overvoltage of CFX prices is its new partnership with Anchorx and Eastcompage Technology to launch AXCNH, a stablecoin supported by the Offshore Chinese Yuan.
With these partnerships, Conflux approaches more deeply in Defi and AI, two of the warmest trends in technology and crypto. At the same time, Conflux has teamed up with orcamind.ai to provide payment solutions powered by AI to its blockchain.
Upgrading of the upcoming network: Conflux 3.0
Another major factor is the upgrade to come TreeGraph 3.0, which promises to make the Blockchain Conflux faster and more intelligent. With this upgrade, the network could manage up to 15,000 transactions per second, which put it among the fastest in industry.
“Chinese Ethereum” becomes more popular
Conflux is the only public blockchain that follows regulations within continental China. For this reason, often called “Chinese Ethereum”, its strong position in Asia makes it attractive for projects.
And now, with digital projects in yuan and stablecoin partnerships, even more people pay attention.
More exchanges, more buyers
Another reason for the pump is that CFX has recently been listed on new exchanges like Orangex and Bigone. When more platforms offer a room, more people can buy it, which generally means that the price increases quickly.
Party price analysis CFX
From the negotiation point of view, CFX has become bullish, exchanging about $ 0.270, reflecting a leap of 41%. Recent data shows an increase in interest, with an open interest in the term contracts of 95.05% to $ 116 million. This shows that buyers control, with a possible push towards the level of resistance of $ 0.40.
Despite all, analysts warn that the token is now in “surbough” territory, which means that short -term price drop is possible.
While CFX is still well below its $ 1.70 summit, its recent gathering proves that solid partnerships, intelligent upgrades can bring great movements in the world of cryptography.
