๐ Why is $CFX Pumping Hard โ And Can It Continue? ๐จ๐ณ๐ฅ
$CFX (Conflux), dubbed โChinaโs Ethereum,โ just exploded over 115% in 24h, briefly touching $0.25 โ levels not seen since December! Here's why this pump is different ๐
๐น Major Catalysts Behind the Surge:
1๏ธโฃ 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.
๐ฅ Big for China trade, big for blockchain.
2๏ธโฃ 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.
๐ฐ Covered by State Media โ lending credibility and signaling compliance. Thatโs massive in the Chinese crypto space.
๐ Volume Surge
From $60M โ $1.7B in 48h. Clearly, Asian traders are flooding in.
๐ Market Cap now over $1B โ back in the Top 120 tokens.
Conflux has previously pumped on China-aligned narratives (China Telecom, McDonaldโs China, Shanghai gov pilots)... but this time, itโs paired with tech + adoption + regulation.
๐ง Can it Continue?
If hype stays strong into the Conflux 3.0 launch + stablecoin rollout gains traction โ yes, momentum could carry higher.
๐ Watch key level:
Break above $0.24 = open skies ๐
Support: $0.185 โ $0.190
Volume speaks louder than words.
