Hello everyone, I am your Pippi. Today we are going to talk about a very popular thing recently, which is the CFX token that ranks fourth in the hot search.

Speaking of this CFX token, some friends may not know much about it. So today, let Pippi explain to you what this is.

CFX token is actually a digital currency, similar to Bitcoin and Ethereum, except that it is younger, more fashionable, and attracts more people's attention.

Moreover, a very interesting thing about CFX token is that it cooperates with many big brands. For example, Nike, Coca-Cola, and even Marvel have cooperated with it.

Therefore, this CFX token is not just a digital currency, it also represents a trend and a new way of life. What exactly is that? Let’s take a look below!

Introduction to Conflux (CFX) Token:

The Conflux (CFX) token is the native token of the Conflux network. Conflux is a high-performance, scalable, secure and compatible public chain platform that supports smart contracts and decentralized applications (DApps).

Conflux uses a unique Tree-Graph consensus algorithm to achieve a high-throughput, low-latency and zero-fork blockchain network. This algorithm combines Proof of Work (PoW) and Proof of Stake (PoS) algorithms to establish consensus. In addition, Conflux also supports cross-chain interoperability, realizing asset and data liquidity with mainstream public chains such as Ethereum, Polkadot, and BSC.

As the governance token of the Conflux network, CFX participates in network security, consensus mechanism and ecological construction.

Latest news on Conflux (CFX) token:

Looking at the chart above, you can see that the Conflux (CFX) token has increased by +12.32% in 24 hours, with a 24-hour trading volume of 1.648 billion and a 24-hour trading volume of 1.744 billion.

Reason for the increase?

The CFX bull market is coming! Are all the little Connected Fork Attackkers this cool? The price of this token brother has soared by 12% in the past 24 hours! Reaching 0.1477$ is like riding a rocket! It is said that the entire cryptocurrency market is booming. When Bitcoin rises, other altcoins also benefit.

Some say CFX has been in a falling wedge pattern for the past few weeks, but it recently jumped out of the pattern with strongly bullish trading volume. Analysts' eyes are brightened. It is said that CFX may rise further. One of the analysts has also set a short-term target, which is 200% now.

Conflux seems to be the leader in the rebound of the cryptocurrency market. As for the Conflux network, it is a public blockchain network created by Dr. Yao Qizhi in 2018. The goal is ambitious, to support decentralized applications, electronic Commerce and Web 3.0 infrastructure.

Don’t underestimate it, it uses a mixed format, has a tree diagram structure, can be processed in multiple blocks, and the workload proof consensus mechanism is not covered!

Of course, part of the reason for the increase is naturally because of our Bitcoin (BTC), but of course it is also indispensable for our CFX's own advantages.

Pippi prophecy?

It is expected to fall by -7.12% to reach 0.144278 $ by October 30, 2023. Are you a little panicked after seeing this news?

Don't worry, though, our sentiment indicator is showing neutral. This leads us to believe that the CFX token’s downward trend is only temporary and its potential is still huge.

Moreover, over the past 30 days, the CFX token recorded 13/30 (43%) green days with a volatility of just 8.42%. What does this mean? This means that although the CFX token may fluctuate somewhat, it is generally relatively stable and suitable for long-term participation.

Okay, that’s it for this issue. See you in the next issue!

In the crypto industry, if you want to seize the next bull market opportunity, you must have a high-quality circle, so that everyone can stay together and maintain insight. If you are just one person, looking around at a loss and finding that there is no one around, it is actually very difficult to persist in this industry. Thanks for watching~