🚀 Why is $CFX Pumping Hard — And Can It Continue? 🇨🇳🔥
$CFX (Conflux), dubbed “China’s Ethereum,” just exploded over 115% in 24h, briefly touching $0.25 — levels not seen since December! Here's why this pump is different 👇
🔹 Major Catalysts Behind the Surge:
1️⃣ New Offshore Yuan Stablecoin
Conflux is teaming up with fintech AnchorX + Eastcompeace Tech (Shenzhen-listed) to launch a stablecoin pegged to the offshore yuan. Target? Cross-border BRI (Belt and Road Initiative) corridors.
💥 Big for China trade, big for blockchain.
2️⃣ Conflux 3.0 Incoming (August)
New upgrade claims 15,000 TPS and support for real-world asset issuance & cross-border settlements. This is next-level scalability with real use cases.
📰 Covered by State Media — lending credibility and signaling compliance. That’s massive in the Chinese crypto space.
📈 Volume Surge
From $60M → $1.7B in 48h. Clearly, Asian traders are flooding in.
📍 Market Cap now over $1B — back in the Top 120 tokens.
Conflux has previously pumped on China-aligned narratives (China Telecom, McDonald’s China, Shanghai gov pilots)... but this time, it’s paired with tech + adoption + regulation.
🧐 Can it Continue?
If hype stays strong into the Conflux 3.0 launch + stablecoin rollout gains traction — yes, momentum could carry higher.
📌 Watch key level:
Break above $0.24 = open skies 🚀
Support: $0.185 – $0.190
Volume speaks louder than words.
