{"id":25740,"date":"2023-06-21T18:56:27","date_gmt":"2023-06-21T22:56:27","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=25740"},"modified":"2023-06-21T18:56:27","modified_gmt":"2023-06-21T22:56:27","slug":"conflux-gains-20-in-24-hours-emerges-on-top-gainers-chart","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/21\/conflux-gains-20-in-24-hours-emerges-on-top-gainers-chart\/","title":{"rendered":"Conflux Gains 20% In 24 hours, Emerges On Top Gainers Chart"},"content":{"rendered":"

The crypto market is currently on a rebound, with several assets recording little gains in the last few hours. Conflux (CFX), one of the trendiest assets of 2023, has gained by 20.17% in the last 24 hours, emerging as the second biggest daily gainer, according to CoinMarketCap data<\/a>.<\/p>\n

Prior to its price boost yesterday, Conflux had been on a bearish trend for most of the month, from $0.280 on June 1 to trade as low as $0.170 on June 16. Since the start of the month, the \u201cChinese MATIC\u201d has lost about 33.33% of its market value.\u00a0<\/p>\n

Related Reading: Nansen Forecast For Bitcoin Bull Run: Regulatory Clarity And Lower Inflation<\/a><\/p>\n

CFX began trading around $0.179 yesterday before experiencing a price surge to hit a peak price of $0.221 in the early hours of today, June 21. Thereafter, the token witnessed a slight re-correction falling to a price of $0.213, and has remained around that price region since then.<\/p>\n

As of this writing, CFX changes hands at $0.217, with a 24-hour trading volume of $203 million \u2013 a result of a 387.97% trading volume surge in the past day. The cryptocurrency boasts a total market cap of $646 million, making it the 60th biggest token by market capitalization.\u00a0<\/p>\n\n

Conflux In 2023 So Far<\/h2>\n

Conflux began the year slowly, showing little to no significant price movement in January before commencing an impressive bullish run in mid-February, gaining over 500% in value to trade at $0.32 on February 22.\u00a0<\/p>\n

Thereafter, the Chinese no. 1 cryptocurrency experienced a significant price dip, sliding to a market price of $0.160 on March 12. This was followed by another upswing, which saw CFX hit its 2023 peak \u2013 so far \u2013 at $0.457 on March 20.\u00a0<\/p>\n

Subsequent to these price movements, CFX recorded additional weighty gains and losses. However, since mid-April, the CFX market has been rather bearish, losing over 95% of its value between April 12 and till date.\u00a0<\/p>\n

The Conflux Network aims to leverage blockchain technology, becoming a catalyst for the borderless economy. Founded in 2018, Conflux\u2019s popularity mainly revolves around its prominent status as China\u2019s only public blockchain.\u00a0<\/p>\n

Asides from its interesting price history, Conflux has also captured news headlines in 2023 due to its strategic partnerships, most notably its collaboration with China\u2019s second-largest telecommunications company \u2013 China Telecom<\/a> \u2013 to produce Blockchain-enabled SIM cards.\u00a0<\/p>\n

Could A Market Recovery Be On For Conflux?\u00a0<\/h2>\n

Following CFX\u2019s current surge, it appears the token could be attempting a market resurgence and perhaps attain the high price levels seen at the beginning of the year.\u00a0<\/p>\n

Related Reading: Shiba Inu Breaks Through Crucial Resistance Point With 10% Climb<\/a><\/p>\n

According to the prediction site Coincodex<\/a>, the current sentiment surrounding the CFX token is neutral, while its Fear & Greed Index is set to 59. The team at Coincodex also predicts CFX to maintain its bullish momentum for now, hitting a market price of $0.229 and $0.237 in 5 and 30 days, respectively.\u00a0<\/p>\n

That said, investors are reminded not to rely on predictions as financial advice but to conduct appropriate research before choosing to engage the market.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

The crypto market is currently on a rebound, with several assets recording little gains in the last few hours. Conflux (CFX), one of the trendiest assets of 2023, has gained by 20.17% in the last 24 hours, emerging as the second biggest daily gainer, according to CoinMarketCap data<\/a>.<\/p>\n

Prior to its price boost yesterday, Conflux had been on a bearish trend for most of the month, from $0.280 on June 1 to trade as low as $0.170 on June 16. Since the start of the month, the \u201cChinese MATIC\u201d has lost about 33.33% of its market value.\u00a0<\/p>\n

Related Reading: Nansen Forecast For Bitcoin Bull Run: Regulatory Clarity And Lower Inflation<\/a><\/p>\n

CFX began trading around $0.179 yesterday before experiencing a price surge to hit a peak price of $0.221 in the early hours of today, June 21. Thereafter, the token witnessed a slight re-correction falling to a price of $0.213, and has remained around that price region since then.<\/p>\n

As of this writing, CFX changes hands at $0.217, with a 24-hour trading volume of $203 million \u2013 a result of a 387.97% trading volume surge in the past day. The cryptocurrency boasts a total market cap of $646 million, making it the 60th biggest token by market capitalization.\u00a0<\/p>\n

Conflux In 2023 So Far<\/h2>\n

Conflux began the year slowly, showing little to no significant price movement in January before commencing an impressive bullish run in mid-February, gaining over 500% in value to trade at $0.32 on February 22.\u00a0<\/p>\n

Thereafter, the Chinese no. 1 cryptocurrency experienced a significant price dip, sliding to a market price of $0.160 on March 12. This was followed by another upswing, which saw CFX hit its 2023 peak \u2013 so far \u2013 at $0.457 on March 20.\u00a0<\/p>\n

Subsequent to these price movements, CFX recorded additional weighty gains and losses. However, since mid-April, the CFX market has been rather bearish, losing over 95% of its value between April 12 and till date.\u00a0<\/p>\n

The Conflux Network aims to leverage blockchain technology, becoming a catalyst for the borderless economy. Founded in 2018, Conflux\u2019s popularity mainly revolves around its prominent status as China\u2019s only public blockchain.\u00a0<\/p>\n

Asides from its interesting price history, Conflux has also captured news headlines in 2023 due to its strategic partnerships, most notably its collaboration with China\u2019s second-largest telecommunications company \u2013 China Telecom<\/a> \u2013 to produce Blockchain-enabled SIM cards.\u00a0<\/p>\n

Could A Market Recovery Be On For Conflux?\u00a0<\/h2>\n

Following CFX\u2019s current surge, it appears the token could be attempting a market resurgence and perhaps attain the high price levels seen at the beginning of the year.\u00a0<\/p>\n

Related Reading: Shiba Inu Breaks Through Crucial Resistance Point With 10% Climb<\/a><\/p>\n

According to the prediction site Coincodex<\/a>, the current sentiment surrounding the CFX token is neutral, while its Fear & Greed Index is set to 59. The team at Coincodex also predicts CFX to maintain its bullish momentum for now, hitting a market price of $0.229 and $0.237 in 5 and 30 days, respectively.\u00a0<\/p>\n

That said, investors are reminded not to rely on predictions as financial advice but to conduct appropriate research before choosing to engage the market.\u00a0<\/p>\n

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