$CFX CFX is the native cryptocurrency of the Conflux Network, a public layer-1 blockchain designed to power decentralized applications, e-commerce, and Web 3.0 infrastructure. Here's what you need to know about CFX crypto:
*Key Features:*
- *Scalability*: Conflux Network is built to be more scalable, decentralized, and secure than existing protocols.
- *Tree-Graph Consensus Mechanism*: It combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus.
- *Smart Contracts*: Written in Solidity, compatible with Ethereum Virtual Machine (EVM).
*Current Market Status:*
- *Price*: $0.2122 - $0.2173 per CFX, with a 1.2% increase in the last 24 hours.
- *Market Cap*: $1.06 billion - $1.12 billion, ranking #73 - #103 among cryptocurrencies.
- *Trading Volume*: $237.9 million - $267.9 million in the last 24 hours.
- *August Altcoin Mini-Rally*: CFX led the rally alongside Hyperliquid and Pump.fun, indicating potential market rotation.
- *Upcoming Upgrade*: Conflux price rebounded ahead of a September upgrade, anticipating increased market activity.