CFX Surges 2.28% After Mainnet 3.0 Upgrade, AxCNH Stablecoin Launch, and Ecosystem Partnerships

Conflux (CFXUSDT) has experienced a 2.28% price increase over the past 24 hours, currently trading at $0.2110 according to Binance data. This recent upward movement is primarily attributed to the successful completion of the Conflux Network 3.0 mainnet upgrade, the launch of the AxCNH offshore yuan stablecoin pilot, and new ecosystem partnerships, all of which have generated renewed investor interest and optimism. Additionally, anticipation surrounding the upcoming token unlock scheduled for August 4 and ongoing discussions about future network upgrades have contributed to heightened trading activity and positive sentiment.

The market has seen increased trading volume, with 24-hour figures ranging from $265.55 million to $464.64 million, and the price fluctuating between $0.1826 and $0.2229. Technical indicators such as the RSI and MACD suggest continued bullish momentum, while the circulating supply stands at approximately 5.12 billion tokens and market capitalization is estimated between $1.03 billion and $1.10 billion.