Home » Why did Conflux price spike 38% today?

Why did Conflux price spike 38% today?

by Claire Scott


Conflux Price Surge

  • Conflux price rose 38% amid multiple key integrations.
  • Bulls could push CFX price to $0.50 and target $1 in the short term.
  • Most cryptocurrencies are trading at key support levels, with Conflux set to ride on overall bullish sentiment.

Conflux (CFX) price rose 38% in 24 hours to hit highs of $0.27 and lead top gainers in early trading on July 29.

The gains came amid several strategic integrations and partnerships for Conflux, with daily volume also rising as CFX jumped to prices last seen in mid-April.

A technical outlook suggests a retest of the $0.50 level is possible as Conflux continues to attract attention as a decentralised finance and artificial intelligence ecosystem.

Conflux price: CFX gains amid major network integrations

Conflux Network’s native token has benefited from fresh upside momentum as the ecosystem sees a series of high-profile collaborations.

Both in DeFi and AI, these integrations are set to enhance the utility and market appeal of CFX.

Among the pivotal developments is the partnership with OrcaMind.AI, which brings AI-driven payment solutions to the Conflux Network.

Set to amplify upside momentum is the announcement that Conflux Network has joined forces with Fufuture, a decentralised perpetuals platform, a move set to integrate advanced trading capabilities and expand CFX adoption.

These efforts add to recent momentum fueled by Conflux’s partnership with AnchorX and Eastcompeace Technology to unveil an offshore yuan-pegged stablecoin.

“We have joined forces with AnchorX and Eastcompeace Technology for offshore RMB stablecoin (AxCNH) projects, cross-border settlement, and RWA initiatives across Belt and Road countries,” Conflux posted on X.

Also crucial is Conflux’s mainnet upgrade, with transactions boost adding to scalability as the network looks to expand its footprint across real-world assets tokenisation and cross-border payments.

Support in China is a major factor for CFX.

CFX price outlook

Bullish sentiment has indeed catalysed a 34% uptick this past week and over 250% in the past month.

However, Conflux price remains well off the all-time high of $1.70 reached in 2021.

Conflux price chart by CoinMarketCap

What’s next for CFX is therefore a key sentiment factor for analysts and investors, who might look at the 24-hour spike of 38% and 250% in 30 days as a pointer to where prices might go next.

The integrations and partnerships could drive more gains, albeit with market volatility and the overall crypto outlook a significant consideration.

But should the network continue to leverage AI integration and cross-chain capabilities, a bounce in altcoins will solidify CFX’s upward potential.

A breakout to $0.50 in the short term will allow bulls to target $1 and higher. Meanwhile, a downward flip may bring $0.20 and 0.15 into play as support levels.





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