Conflux Network Price Prediction 2024, 2025, 2030

Conflux Network (CFX) is a high-performance layer 1 blockchain that uses proof-of-work consensus and proof-of-stake finality.It was built in China and is a blockchain that complies with Chinese regulations, which is whyConflux Network is called "China Ethereum".

Its native CFX token has multiple use cases, namely as a store of value and governance token, which you can also stake to earn passive rewards in CFX tokens.

To answer the question of how much the CFX token will be worth in 2024 and beyond, in our Conflux Network price prediction, we weighed the factors that influence price, including macroeconomics, token utility and price changes.

Conflux Network Price Prediction 2024-2030

• Our Conflux Network cryptocurrency price forecast for 2024 is to average $0.1941.
• Technical analysis shows that the Conflux Network token price may trade between $0.1606 and $0.2905 in 2025.
• Conflux Network Token Forecast predicts a peak of $0.4300 in 2030.

Conflux Network Price History

##Conflux Network is a layer 1 blockchain like Ethereum Fang, Solana and Cardano, but it uses a mixture of PoW and PoS algorithms to reach consensus.Because it combines these two algorithms, Conflux Network can achieve up to 6,000 transactions per second (TPS), making it faster and cheaper than Ethereum, which has a processing speed of about 17 TPS .

The network has a native token called CFX, which is designed with multiple use cases: as a governance token, as a store of value, for staking for protection Network and earn CFX rewards and pay network trading fees.

The CFX token was listed on the exchange in November 2020 at a price of $0.1441.Shortly after listing, it quickly surged to $0.3022.But it fell to $0.09454 in the same month, which was CFX’s lowest point since its launch.

CFX hit an all-time high in March 2021 at $0.7578.Thereafter, it continued lower over the next two years, bottoming at $0.02191 in December 2022.

In March 2023, CFX peaked at $0.4849.One of the reasons for this price action isConflux Network announced it has raised $10 millionfrom DWF Labs, which will be used to expand the CFX blockchain.

The current CFX price does not reflect Conflux Network updates from March 2023. For example,Conflux collaborated with World Mobile to develop a blockchain-based SIM card, andConflux underwent a hard fork upgradein August 2023.

Conflux Network Price History Highlights:

• Conflux Network Token CFX started trading in November 2020 at a price of $0.1441
• ##It peaked in March 2021 at a price of $0.7578
• CFX hit bottom in December 2022, with a price of $0.02191
• CFX has a market capitalization of $501 million and a circulating supply of 3.36 billion coins Token

Conflux Network Price Prediction for 2024

Bitcoin’s halving could spark the next bull run in cryptocurrencies,is expected to occur in April 2024. This event has the potential to drive up the prices of most cryptocurrencies, including CFX.

As for Conflux itself, the Conflux Network token, as well as the blockchain itself, is likely to be launched in 2024 as it plans to expand its operations through offices in Dubai, Europe and other regions. Benefit in the coming years.

In addition to expansion, Conflux Network’s goal is to educate Chinese artists to deeply utilize the NFT space on Conflux in 2024. This includes showcasing projects already minted on the network, such as ConFi’s Friends and MEI PROJECT Sneakers, both of which have successfully launched NFT-themed merchandise.

Being China’s onlyregulatory-compliant blockchain means Chinese investors and traders may be on the rise during the next bull run Choose CFX coins over other first-tier blockchain coins.

Therefore, according to our forecast, CFX is likely to trade between $0.1422 and $0.2461 in 2024.

On the other hand, Binance experts expect the CFX token price to be around $0.166415, while CoinCodex predicts that the CFX token price will fluctuate between $0.136243 and $0.357033 during the same period.

Conflux Network Price Forecast Long-Term Outlook – Forecast 2025-2030

Deutsche Bank Research Analyst Marion Laboure Believes Bitcoin Will Become the Gold of the 21st Century.Conflux Network is the only regulatory-compliant blockchain in China, meaning Chinese investors can choose to purchase CFX tokens instead of Bitcoin.

With no project roadmap extending all the way to 2030, according to previous updates, Conflux Network has huge potential to become a leading Layer 1 between 2025 and 2030 One of the blockchains.

The team has prepared 2.4 billion CFX tokens to reward developers for expanding their network.At a price of $0.15 per unit, that’s close to $400 million.This number may grow further if prices increase.

According to our predictions, in a bullish scenario, demand for the Conflux Network token could help push its price to $0.2905 by 2025 and to $0.4300 by 2030.

Experts at Binance are slightly more conservative and expect the CFX token to trade at $0.174736 in 2025 and $0.223013 in 2030. Meanwhile, Bitnation expects CFX to peak at $1.39 by 2030.

Potential Highs and Lows for Conflux Network Price

Many cryptocurrencies such as Dogecoin and Dogecoin Pei coins have only speculative value.Conflux Network, on the other hand, is a mature Layer 1 blockchain that supports smart contracts on its network.These smart contracts are built using Ethereum’s Solidity programming language, meaning developers can easily switch from Ethereum to Conflux to grow the ecosystem.

What’s more, this is the only blockchain in China to be subject to regulatory complaints, which further increases its ability to bridge multiple blockchains. Example.

Based on macroeconomic factors as well as cryptocurrency news and regulations, the price of CFX may experience the following fluctuations in the coming years:

What are other analysts predicting for Conflux Network?

We gathered together two of the leading experts in the cryptocurrency space to get their price predictions for Conflux Network and where CFX will be trading in the coming years.

What is Conflux Network Coin and its uses?

Conflux Network is a layer 1 blockchain that fully supports smart contracts and decentralized applications.It uses a combination of proof-of-work and proof-of-stake algorithms to reach consensus, which makes it scalable beyond many existing blockchains.

The network’s native token is CFX, which gives owners voting rights in a decentralized autonomous organization, as well as staking tokens. Coin rewards.CFX is also used to pay transaction fees on the network and reward CFX miners.

The total supply is 5.2 billion, with over 3.3 billion CFX tokens in circulation.The token is available for purchase on several major exchanges, including Binance, KuCoin, and OKX.

CFX Token Overview

#What factors affect the price of Conflux Network?

Conflux Network is not alone in the cryptocurrency world, which means that factors affecting the broader market will also affect the price of the CFX token.For example, the main factors affecting the price of CFX include interest rates, cryptocurrency news, hype, regulation, and the functionality of the Conflux Network itself.

Although CFX is up over 50% in October 2023, current market conditions do not allow for spectacular moves unless something goes wrong with the network itself.

We need to see interest rates start to fall, get SEC approval for a Bitcoin spot ETF, and eventually have the Bitcoin halving event pass through CFX and many other cryptocurrencies to see new flows sex into their tokens.

Upgrades to the Conflux Network platform could significantly impact pricing, but so far, there are no major plans for the near future.

Is Conflux Network worth buying?

Conflux Network aims to compete with Ethereum, Solana and other layer-1 blockchains.Since this is the only regulatory-compliant blockchain in China, it can fill the gap between East and West.If you think Conflux will play a significant role in the next bull market, buying at these prices may be a prudent choice.

However, top altcoins like Bitcoin and Ethereum, Solana, and Cardano are favored by stronger ecosystems and large communities welcome.As a result, they may be subject to higher prices in the future compared to CFX.

The best place to buy Conflux Network

Conflux Network is one of the tokenslisted on Binance.You can easily buy CFX using your bank card or on the spot market of this cryptocurrency exchange.

# Binance’s spot market offers a minimum fee of 0.1% after you deposit your funds.With a card, you pay around 4% in fees, but you get CFX coins instantly, whereas with a bank transfer, it can take hours or even days for your funds to clear.

#All you need to do is open an account and verify it.Select "Deposit" and then "Buy with USD".Technically, you can buy USDT with a card and convert it to CFX.

#If you want a high-risk bet, you can speculate on CFX’s token price using up to 5x leverage.Alternatively, lock your CFX tokens with Binance Earn and earn 0.3% APR.

# If you want dollar cost averaging, you can do so using Binance’s auto-invest feature.This allows you to set the investment amount and time interval, such as the number of days, weeks when you want to buy CFX and Binance will make the purchase on your behalf.

Check out Binance to use these features and more for your cryptocurrency portfolio.

Do not invest unless you are prepared to lose all your investment.This is a high-risk investment and you should not expect to be protected if things go wrong.

Conclusion

Conflux Network is layer 1 like Ethereum and Solana Blockchain uses a mix of PoS and PoW consensus algorithms.It supports smart contracts through Ethereum’s Solidity programming language and is the only regulatory-compliant blockchain in China.

However, that doesn’t mean it’s worth buying.Be sure to compare the best cryptocurrencies toto find the right coin that suits your financial needs.Make sure to never invest more than you are willing to lose, as cryptocurrency markets can be more volatile than traditional markets.

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