$CFX skyrocketed to the top of the gainers list!!!
#CFX is the native token of Conflux Network. Conflux is a high-performance, decentralized public blockchain project aimed at providing scalable, secure, and compliant infrastructure for Web3, especially with a unique position in the Chinese and Asian markets.
The main reasons for the recent surge:
1. Technical update to blockchain 3.0 (increasing transaction throughput, transactions per second) supports artificial intelligence.
2. The first pilot for a renminbi stablecoin (mainly used for cross-border settlement, RWA).
3. Daily trading volume has expanded; enough time for accumulation at the bottom aligns with the logic of growth! Weekly resistance at 0.27, short-term support at 0.21.
4. Compared to mainstream coins like ETH and SOL, CFX has a smaller market cap and lighter circulation, making it cheaper for market makers to drive up prices. In the absence of hot topics, it is easier for it to become a target for short-term speculative trading.
#CFX is the leader in the Hong Kong sector, with government support behind it. I personally have high hopes for the future development potential and upward space of CFX. At the current position, I recommend focusing on buying the dips, and I will notify my followers at the first suitable entry point!
