CFX Token Slides 4.24% After Conflux v3.0 Upgrade, Trading Volume Hits $189 Million

Conflux (CFXUSDT) experienced a 4.24% price decline over the past 24 hours, with the current price at $0.1671 on Binance. The recent downturn is attributed to profit-taking and reduced momentum following the completion of the Conflux v3.0 network upgrade, which previously drove significant price surges in late July and early August. Despite the upgrade’s positive impact and increased trading activity, short-term sentiment has shifted as the token failed to break key resistance levels and broader market conditions remain volatile. The 24-hour trading volume ranged from $64.80 million to $189.38 million, with market capitalization estimated between $860 million and $893 million, placing Conflux among the top 100 cryptocurrencies.