{"id":538984,"date":"2023-06-21T18:00:56","date_gmt":"2023-06-21T18:00:56","guid":{"rendered":"https:\/\/uniquehot.com\/?p=538984"},"modified":"2024-06-11T10:54:45","modified_gmt":"2024-06-11T10:54:45","slug":"conflux-gains-20-in-24-hours-emerges-on-top-gainers-chart","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/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>.<\/span><\/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<\/span><\/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.<\/span><\/p>\n

As of this writing, CFX changes hands at $0.217, with a 24-hour trading volume of $203 million – 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<\/span><\/p>\n

\"Conflux\"<\/p>\n

CFX Trading At $0.217 | Source: CFXUSD Chart On Tradingview.com\u00a0<\/a><\/pre>\n
Conflux In 2023 So Far<\/span><\/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<\/span><\/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 – so far – at $0.457 on March 20.\u00a0<\/span><\/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<\/span><\/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’s only public blockchain.\u00a0<\/span><\/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 – China Telecom<\/a> – to produce Blockchain-enabled SIM cards.\u00a0<\/span><\/p>\n
Could A Market Recovery Be On For Conflux?\u00a0<\/span><\/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<\/span><\/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<\/span><\/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<\/span><\/p>\n
Featured Image:\u00a0 Conflux Network, chart from Tradingview.<\/div>\n","protected":false},"excerpt":{"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. 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 Related Reading: Nansen Forecast For Bitcoin Bull Run: Regulatory Clarity And Lower Inflation 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. As of this writing, CFX changes hands at $0.217, with a 24-hour trading volume of $203 million – 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 CFX Trading At $0.217 | Source: CFXUSD Chart On Tradingview.com\u00a0 Conflux In 2023 So Far 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 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 – so far – at $0.457 on March 20.\u00a0 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 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’s only public blockchain.\u00a0 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 – China Telecom – to produce Blockchain-enabled SIM cards.\u00a0 Could A Market Recovery Be On For Conflux?\u00a0 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 Related Reading: Shiba Inu Breaks Through Crucial Resistance Point With 10% Climb According to the prediction site Coincodex, 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 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 Featured Image:\u00a0 Conflux Network, chart from Tradingview.<\/p>\n","protected":false},"author":581,"featured_media":538994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87851,88470,1310,87852,88468],"class_list":["post-538984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cfx","tag-cfx-price","tag-china","tag-conflux","tag-top-giner"],"acf":[],"yoast_head":"\nConflux Gains 20% In 24 hours, Emerges On Top Gainers Chart<\/title>\n<meta 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While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.","sameAs":["https:\/\/www.linkedin.com\/in\/semilore-faleti-7a9046218","https:\/\/x.com\/https:\/\/twitter.com\/SemiloreFaleti"],"url":"https:\/\/uniquehot.com\/author\/semilorefaleti\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Conflux Gains 20% In 24 hours, Emerges On Top Gainers Chart","url":"http:\/\/uniquehot.com\/news\/conflux-gains-20-in-24-hours-emerges-on-top-gainers-chart\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/conflux-gains-20-in-24-hours-emerges-on-top-gainers-chart\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/og_image_default_87b4fea764.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/og_image_default_87b4fea764.jpg?fit=1920%2C1080"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Semilore Faleti"}],"creator":["Semilore Faleti"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["cfx","cfx price","china","conflux","top giner"],"dateCreated":"2023-06-21T18:00:56Z","datePublished":"2023-06-21T18:00:56Z","dateModified":"2024-06-11T10:54:45Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Conflux Gains 20% In 24 hours, Emerges On Top Gainers Chart\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/conflux-gains-20-in-24-hours-emerges-on-top-gainers-chart\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/conflux-gains-20-in-24-hours-emerges-on-top-gainers-chart\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/og_image_default_87b4fea764.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/og_image_default_87b4fea764.jpg?fit=1920%2C1080\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Semilore Faleti\"}],\"creator\":[\"Semilore Faleti\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"cfx\",\"cfx price\",\"china\",\"conflux\",\"top giner\"],\"dateCreated\":\"2023-06-21T18:00:56Z\",\"datePublished\":\"2023-06-21T18:00:56Z\",\"dateModified\":\"2024-06-11T10:54:45Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/og_image_default_87b4fea764.jpg?fit=1920%2C1080","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/538984"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/581"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=538984"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/538984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/538994"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=538984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=538984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=538984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}