Key Takeaways
- Conflux Network's CFX coin has shown recent growth after a prolonged downturn.
- Integrated with Ethereum, Conflux leverages Ethereum Virtual Machine (EVM) compatibility.
- Our analysis predicts CFX could reach $0.245 by 2025.
- 👉 Looking to trade CFX? Discover top platforms for secure transactions
Overview of Conflux Network
Founded in 2018, Conflux Network is a regulatory-compliant blockchain often called the "Chinese Ethereum." It provides scalable, decentralized infrastructure while adhering to China's strict crypto regulations. Key features include:
- EVM compatibility: Enables seamless integration with Ethereum's developer ecosystem and DApps.
- Hybrid consensus: Combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) for security and efficiency.
- Strategic partnerships: Collaborations like the Smile Shop prepaid card launch in December 2024 highlight real-world utility.
Price Predictions (2024–2030)
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2024 | $0.161 | $0.203 | $0.245 |
| 2025 | $0.134 | $0.167 | $0.20 |
| 2030 | $0.212 | $0.265 | $0.318 |
Methodology
- Wave count analysis: Suggests CFX is in Wave C of a corrective structure, potentially reaching $0.857 by July 2025 before correcting.
- Historical trends: Based on an 8% annual growth rate since 2021.
Market Analysis (December 2024)
Technical Indicators
- Average True Range (ATR): 0.0204 (high volatility).
- Relative Strength Index (RSI): 62 (bullish momentum).
- Market Cap/TVL Ratio: 60 (indicates overvaluation).
Price Action
- CFX broke out of an ascending channel on December 1, signaling a steeper uptrend.
- Faced resistance at $0.260 but technical indicators remain bullish.
Best Times to Buy CFX
| Metric | Optimal Timeframe |
|---|---|
| Day of Week | Saturday |
| Month | February |
| Quarter | Q1 |
Comparative Performance
| Coin | Current Price | 1-Year Change |
|---|---|---|
| CFX | $0.2345 | +15.1% |
| STX | $2.50 | +140% |
| GRT | $0.2995 | +69.2% |
Supply and Ownership
- Circulating Supply: 4.7B CFX (93.1% of total supply).
- Top Holders: A single wallet controls 28.06% of supply, raising centralization concerns.
Investment Considerations
Pros
- Regulatory compliance in China.
- EVM compatibility expands developer adoption.
- Active partnerships (e.g., Smile Shop collaboration).
Cons
- High wallet concentration risks.
- Volatile price history (all-time high: $1.70** in 2021; all-time low: **$0.02191 in 2023).
👉 Explore CFX trading strategies with low fees
FAQs
How many CFX coins exist?
Total supply: 5.07B CFX (4.7B circulating as of December 2024).
Can CFX reach $1?
Unlikely before 2030 based on current growth rates. Historical peak: $1.70 (March 2021).
What is Conflux used for?
- Block rewards for validators.
- Governance voting.
- Fee payments for network transactions.
Is CFX a good investment?
Dependent on market conditions and adoption. Conduct thorough research and never invest more than you can afford to lose.
Disclaimer: Predictions are speculative and not financial advice. Cryptocurrency investments carry risks.
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