CFX Coin Rockets: What’s Fueling Today’s Meteoric Rally?
Conflux's CFX token is painting the tape green—again. The Chinese layer-1's native asset just ripped past resistance levels, leaving traders scrambling for explanations. Here's the breakdown.
The Shanghai Upgrade Effect
Rumors swirl about Conflux's upcoming integration with Shanghai's blockchain infrastructure push. When bureaucrats whisper 'web3,' speculators shout 'buy.'
DeFi TVL Breaks $100M
Conflux's total value locked just crossed nine figures—mostly from yield farmers chasing triple-digit APYs. Because what could go wrong?
Short Squeeze Accelerates
Perps traders got torched as CFX's 24h funding rate turned nuclear. CEX order books show liquidations stacking up like crypto conference name tags.
As always in crypto, the rally makes perfect sense—right up until it doesn't. Enjoy the ride while the music plays, but maybe keep one hand on your exit key.
CFX, the native token of Conflux Network, is grabbing attention after a massive price surge. The coin has jumped 44% in just one day and is up nearly 270% in the past month. As of now, it trades around $0.27, a big leap that’s making both retail and institutional investors take notice.
But what’s really pushing CFX up so fast?
Conflux’s Strategic Partnerships
The biggest reason behind CFX’s price surge is its new partnership with AnchorX and Eastcompeace Technology to launch AxCNH, a stablecoin backed by the offshore Chinese yuan.
With these partnerships, Conflux is stepping deeper into DeFi and AI, two of the hottest trends in tech and crypto. At the same time, Conflux has teamed up with OrcaMind.AI to bring AI-powered payment solutions to its blockchain.
#CFX to the moon!!
Conflux's three Core strategies:
1. RWA (green energy swap asset package has been sold out, reported by China Business News)
2. Payfi
3. Stablecoins (offshore RMB stablecoins, Hong Kong dollar stablecoins, signed with AxCNH, AxHKD issuers)
Another major factor is the upcoming TreeGraph 3.0 upgrade, which promises to make the Conflux blockchain faster and smarter. With this upgrade, the network could handle up to 15,000 transactions per second, putting it among the fastest in the industry.
Conflux is the only public blockchain that follows regulations inside mainland China. Because of this, Often called the “Chinese Ethereum,” its strong position in Asia makes it attractive for projects.
And now, with digital yuan projects and stablecoin partnerships, even more people are paying attention.
Another reason for the pump is that CFX was recently listed on new exchanges like OrangeX and BigONE. When more platforms offer a coin, more people can buy it, and that usually means the price goes up fast.
CFX Coin Price Analysis
From a trading perspective, CFX has turned bullish, trading around $0.270, reflecting a jump of 41%. Recent data shows a rise in interest, with open interest in futures up 95.05% to $116 million. This shows buyers are in control, with a possible push toward the $0.40 resistance level.
Despite all, analysts are warning that the token is now in “overbought” territory, meaning a short-term price dip is possible.
While CFX is still far below its all-time high of $1.70, its recent rally proves that strong partnerships, smart upgrades can bring big moves in the crypto world.
