Key Takeaways
- CFX faces bearish pressure near $0.17 but could surge to $0.18 by September.
- Long-term outlook: CFX may peak at $0.4773 in 2025.
- Conflux Network, dubbed "Chinese Ethereum," blends PoW and PoS, aligning with China’s regulatory framework.
Conflux Network Overview
| Metric | Value |
|--------------------------|----------------------|
| Cryptocurrency | Conflux Network |
| Ticker Symbol | CFX |
| Current Price | $0.158 |
| Market Cap | $844,938,661 |
| Circulating Supply | 3,945,712,464 CFX |
| All-Time High | $1.7 |
| All-Time Low | $0.02191 |
Technical Analysis
Key Indicators
| Metric | Value |
|---------------------|----------------------|
| Fear & Greed | 27 (Fear) |
| 14-Day RSI | 40.97 |
| 50-Day SMA | $0.147579 |
| 200-Day SMA | $0.217336 |
Price Action
- Support: $0.1175
- Resistance: $0.1758
- CFX dropped 6% in 24 hours but shows bullish potential if it holds above $0.15.
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Price Predictions (2024–2030)
Short-Term (September 2024)
| Scenario | Price |
|--------------------|-------------|
| Minimum | $0.1 |
| Average | $0.15 |
| Maximum | $0.18 |
Long-Term Forecast
| Year | Low | Average | High |
|----------|----------|------------|------------|
| 2024 | $0.278 | $0.2893 | $0.3427 |
| 2025 | $0.3979 | $0.4123 | $0.4773 |
| 2026 | $0.6022 | $0.6228 | $0.6951 |
| 2027 | $0.8739 | $0.905 | $1.06 |
| 2028 | $1.22 | $1.25 | $1.51 |
| 2029 | $1.79 | $1.86 | $2.11 |
| 2030 | $2.57 | $2.64 | $3.08 |
Investment Potential
Why Invest in CFX?
- Regulatory Compliance: Only China-approved public blockchain.
- Partnerships: Collaborations with China Mobile, Meta Intelligence, and Shanghai City Basketball.
- NFT Growth: Focus on educating Chinese artists about blockchain-based digital collectibles.
FAQs
Will CFX Price Hit $1?
Yes, likely by 2027 based on current trends and adoption.
Is CFX a Good Long-Term Investment?
Potentially, given its regulatory alignment and expanding use cases in China.
Why Is CFX Price Volatile?
Influenced by Bitcoin’s market sentiment and regional demand shifts.
Analysts’ Consensus
| Firm | 2024 | 2025 |
|---------------------|---------|---------|
| Gov.Capital | $0.131 | $0.45 |
| DigitalCoinPrice | $0.48 | $0.57 |
| Changelly | $0.313 | $0.459 |
Final Note: CFX’s future hinges on China’s crypto policies and global adoption. Always conduct independent research before investing.
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