Conflux (CFX) Token Price Prediction: Market Cap Jumped 19%, Will the Rally Continue?

As per Certik Skynet, the Conflux Network's security score was strong and belonged to a tier at the time of writing. Also, the Conflux Network project's GitHub account is 5 years and six months old and has earned 806 stars.

Conflux (CFX) price showed strong bullish momentum on March 23, with a 19% increase in market capitalization and a 92% surge in 24-hour trading volume. The token's impressive performance was further highlighted by a high security score, as noted by Certik Skynet, and a GitHub account that was over five years old.

CFX price began the day with a bullish outlook, trading at $0.880 with minimal price movement over the past week. However, the token's price showed a possibility of a further surge, as indicated by several technical indicators.

CFX price showed support at the levels of $0.880 and $1.20, followed by resistance levels at $1.80 and $2.30. The token's price might continue to trade within these ranges.

Conflux (CFX) is a Proof-of-Work blockchain that is designed to be scalable, decentralized, and secure. The blockchain is capable of processing up to 3000 transactions per second and is used by several decentralized applications (dApps).

CFX token is the native cryptocurrency of the Conflux blockchain and is used to pay for transaction fees, participate in governance, and stake in the network. The token is also listed on several cryptocurrency exchanges, including Binance, Huobi, and OKX.

The Conflux project was founded in 2018 by a team of researchers from China. The project has raised a total of $128.0 million in funding from several investors, including Sequoia Capital China, Metachain Ventures, and HashKey Capital.

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