$CFX Conflux ($CFX ) surprised many investors last month, increasing nearly fourfold. The market capitalization of the coin exceeded $1 billion. The liquidation map shows that most traders expect a correction in CFX at the beginning of August. This is evident from the large volume of potential liquidations of short positions, which significantly exceed liquidations of long positions. If CFX continues to rise and reaches $0.243, about $25 million in short positions could be liquidated.
Recent news about the project may support a positive attitude towards this altcoin. On August 1, Conflux announced the release of Conflux v3.0.0, which received positive feedback from the community.
"This major update introduces 8 NEW CIPs aimed at improving compatibility with EVM, fixing bugs, and optimizing network characteristics!" said Conflux Network.
