Features of Conflux
Conflux is a Chinese project that appeared in 2018. The founders are a group of Chinese programmers led by Fan Long. The main goal of Conflux is to maintain and develop decentralized applications, as well as e -commerce. The functioning occurs due to the TREE-GRAPH consensus mechanism, which combines the Proof -off-Work (POW) and Proof-OF-Stake (POS) algorithms. CFX is a project coin. With its help, as the developers say, users are motivated, the costs of miners are controlled and the costs of miners are compensated.
Conflux has existed for seven years – but what made investors buy cryptocurrency right now?
Version 3.0
One of the main causes of the explosive growth of Conflux was the announcement of the conference in Shanghai of the new update, Version 3.0. Implementation on the main network is scheduled for August. According to the statements of representatives of Conflux, the update will make it possible to make a serious jump in the throughput, which will reach 15,000 transactions per second (TPS). In addition, after the upgrade, the blockchain will be able to maintain AI-agent requests and payments in the tokenized assets of the real world (RWA). After the news on the update of Conflux coin updates
Grown by more than 100%.
In addition to preparing the hardforn, the authors of the project showed activity in concluding agreements with third -party organizations.
Creation of stablecoin
In China, they decided to release a stablecoin tied in a ratio of 1 to 1 to Yuan. It will be called Axcnh. Direct part in the project is played by Conflux, Anchorx fintech company and Eastcompeace Technology, the main activity of which is associated with the development of smart cards and the Internet of things. One of the main markets where they are going to use stablecoin,
They will Kazakhstan and Malaysia.
Partnership with Metya
On July 15, the conclusion of the agreement between Conflux and the METYA platform, which develop decentralized social networks based on artificial intelligence, was announced. Together they intend to develop Asian Socialfi. The choice of METYA fell on conflux, as the company conducts its activities observing the laws of China. In addition, Conflux has experience in cooperation with the telecommunications company China Telecom, as well as with a network of fast -food restaurants McDonald’s China.
As a result of the collaboration, users can monetize their participation in the project and gain access to the management of the new ecosystem.
Search interest
The growth of Conflux quotes aroused interest in little -known cryptocurrency. On the daily requests on the Coingecco portal on July 20, the coin took the second place, losing only to Mantra, but ahead of the representatives of the TOP-10 in capitalization: Ethereum, Solana and XRP.
Source: Coingecko.com
Activity in South Korea
Although Conflux is a Chinese product, a news background aroused interest in other Asian countries. South Korean exchanges Upbit and BitHumb recorded the growth of the trade volume of this cryptocurrency. On July 21, the volume reached $ 55 million. According to this indicator, Conflux took the fourteenth place in the South Korean exchanges. Leader
I became XRP with a trading volume of $ 905 million.
Technical analysis
The jerk undertaken by Conflux on July 20 allowed the cryptocurrency to achieve its peak value of 2025 – $ 0.25. At the same time, a month ago, on June 22, the coin was traded at its two -year minimum – below $ 0.06. In other words, in a month Conflux managed to grow more than four times.
If we talk about indicators, the trend is folding bull. This is evidenced by the excess at the price of a 50-day sliding average (indicated in blue).
But RSI went into the overwhelming area (above the level of 70). This is usually a harbinger of correction. Actually, on July 21, the price of Conflux has already decreased by more than 2%. It is likely that the fall can stop near the nearest level of support on the day schedule – near the January maximums of 2025 in the region of $ 0.1824. In the case of continuation of Conflux, most likely reaches a resistance level of $ 0.2733.
Source: TradingView.com
Conclusion
Conflux growth is a spontaneous movement of one day, and not an ascending long -term trend. The leaf is based on a blockchain update scheduled for August, the launch of Stablecoin on the offshore yuan and the conclusion of agreements for the future.
This material and information in it is not an individual or other other investment recommendation. The view of the editorial office may not coincide with the opinions of analytical portals and experts.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
