China's new 19-point plan for its economy uses the word "blockchain" once. CFX has added about $98M in market value since it came out.
The line sits in measure nine of the guidelines published Oct 9 at 18:16 UTC+8. It calls for building "a national blockchain network" next to a national computing network. It names no operator, budget, date, chain or token, and the text doesn't mention cryptocurrency at all.
The market ignored it for a day. CFX traded near $0.050 when the text went up and near $0.051 a full day later. The buying started after that, and today at 14:00 UTC+8 it jumped about 15% in a single hour.
By our math, CFX is up about 37% from the hour the document came out, to $0.069. Market cap went from about $265M to $363M, and 24-hour volume from $7.8M to $146M, roughly 19 times higher.
Even after the move, CFX is about 96% below its $1.70 peak from March 2021.
Conflux isn't named anywhere in the plan. One word moved $98M.
$CFX
#Conflux #China
NFA. DYOR.
The line sits in measure nine of the guidelines published Oct 9 at 18:16 UTC+8. It calls for building "a national blockchain network" next to a national computing network. It names no operator, budget, date, chain or token, and the text doesn't mention cryptocurrency at all.
The market ignored it for a day. CFX traded near $0.050 when the text went up and near $0.051 a full day later. The buying started after that, and today at 14:00 UTC+8 it jumped about 15% in a single hour.
By our math, CFX is up about 37% from the hour the document came out, to $0.069. Market cap went from about $265M to $363M, and 24-hour volume from $7.8M to $146M, roughly 19 times higher.
Even after the move, CFX is about 96% below its $1.70 peak from March 2021.
Conflux isn't named anywhere in the plan. One word moved $98M.
$CFX
#Conflux #China
NFA. DYOR.