$CFX 🔥 CFX surges 123%! How long can the "policy dividend" of the national team public chain last?
💥 Surge Code
China's only compliant public chain Conflux (CFX) has recently gone crazy! At the end of July, it surged 123% in one week, pushing the price up to $0.33, backed by three bomb-level benefits:
- National-level endorsement: Leading the "Belt and Road blockchain infrastructure," the cross-border RMB stablecoin AxCNH has been piloted in Central Asia, directly facilitating offshore settlements;
- Technical upgrade: The Tree Graph 3.0 public chain, set to launch in August, boasts a transaction speed of 15,000 transactions per second and can automatically execute smart contracts using AI, surpassing Ethereum;
- Whale buying spree: A mysterious large holder crazily accumulated 40 million coins at $0.15, emptying the exchange's inventory and forcing shorts to liquidate $700,000.
⚠️ Hidden dangers
Don't be fooled by the current glory; the RSI indicator has surged to 92.6, and historical data shows a high probability of a drop of 10%+ within 72 hours after being overbought. More excitingly, the battle for stablecoin licenses in Hong Kong has begun; if CFX secures a license, it could take off directly; if it fails, be cautious of policy arbitrage funds trampling and fleeing!
🚀 Survival rules for retail investors
- Short-term: Keep a close eye on the $0.25 stop-loss line; run away immediately if it drops below.
- Long-term: Before the Tree Graph 3.0 upgrade goes live in August, if it retraces to below $0.20, you can gradually bottom out.
- Black Swan: If the SEC suddenly takes action, cut losses immediately!
(Note: Rumor has it that a certain state-owned enterprise is secretly testing CFX-based electricity trading; if confirmed, it's a game changer.)