CFX Token Sees 3.47% Dip After Recent Surge; Network Upgrades and Partnerships Drive High Trading Volume

Conflux (CFXUSDT) experienced a 3.47% price decrease over the past 24 hours, with the current price at $0.2031 on Binance, opening at $0.2104. The recent price movement follows a period of heightened volatility, including a 15% surge on August 3rd and a 40% rally on July 20th, largely driven by anticipation of the Conflux Network 3.0 upgrade and positive sentiment from developments such as the launch of CFX staking on Binance, a $20 million fund for carbon-neutral projects, and major partnerships including a cross-border CBDC trial in Hong Kong. Despite the recent dip, trading activity remains robust, with a 24-hour volume of 218.05 million CFX (46.69 million USDT) on Binance and a market capitalization around $1.06 billion, ranking Conflux 73rd among cryptocurrencies. The price change appears to be a short-term correction after recent gains, with ongoing network upgrades and ecosystem growth continuing to support overall market interest.