- Conflux (CFX) price prediction ranges from $0.0550 to $1.9116.
- Analysis suggests that the CFX price might reach above $2 soon.
- The CFX bearish market price prediction for 2023 is $0.0550.
Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, Conflux (CFX) is one of them.
Conflux is an open blockchain that connects Asian and Western communities and economies. To improve its scaling capabilities in comparison to existing networks such as Ethereum, the Conflux protocol includes a consensus protocol known as Tree-Graph.
If you are interested in the future of CFX and want to know its predicted value for 2023, 2024, 2025, and 2030, keep reading!
What is Conflux (CFX)?
Conflux Network, a ground-breaking public blockchain protocol, is paving the way for the future of decentralized finance, DApps, and Web 3.0. This open protocol, which uses a cutting-edge combination of Proof of Work and a Tree-Graph structure, provides fast and secure transactions that power the next generation of decentralized commerce.
The Conflux Network was founded by the brightest minds from Tsinghua University and the University of Toronto, and it boasts a diverse team dedicated to fostering cross-border collaboration through the advancement of decentralized open-source technologies. Conflux has a remarkable throughput rate of 3000-6000 TPS thanks to its scalability consensus mechanism and advanced fork block retention system.
Conflux’s new BSIM card is a cutting-edge product that incorporates the network’s powerful Tree-graph structure as well as innovative dual proof-of-stake and proof-of-work technology. This one-of-a-kind combination enables unparalleled system performance, making it the world’s highest-performing blockchain.
Furthermore, the card takes advantage of the inherent hardware security benefits of SIM cards to provide strong protection for users’ private keys. The BSIM card, with its secure and convenient entry solution, is poised to become a game changer for anyone interested in engaging with the exciting world of Web3 technology.
Conflux (CFX) Current Market Status
Conflux (CFX), which has a total supply of 5,278,164,274 CFX, is trading at over $0.2947 on CoinMarketCap. The 24-hour trading volume for CFX is $746,465,278, up by 149.48%. And during the past 24 hours, the price of CFX has increased by 74.33%.
The most well-liked exchanges for trading CFX are KuCoin, Coinbase, Gate.io, OKX, BKEX, and CoinEX. Let’s continue looking at CFX prices for 2023.
Conflux (CFX) Price Analysis 2023
On CoinMarketCap’s list of the largest cryptocurrencies, CFX is ranked 79th place by market capitalization. Will the most recent hypes on CFX additions, upgrades, and tweaks lead to a price increase? Let’s first concentrate on the CFX price projection charts from this article.
Conflux (CFX) Price Analysis – Keltner Channel
When volatility bands are placed on each side of an asset’s price, the Keltner Channel can be used to detect a trend. The Keltner Channel signals for CFX/USDT can be used to forecast the price of Conflux (CFX). CFX is now in the upper channel of the Keltner Channel, meaning that the market is bullish. We should wait for a reversal or a better entry point in order to increase the reward-to-risk ratio and achieve a better risk-free situation.
Conflux (CFX) Price Analysis – Relative Strength Index
The RSI is more stable during uptrends than during downtrends. It makes sense, given that the RSI measures gains and losses. During an upswing, more big gains result in a higher RSI. In contrast, the RSI tends to stay at lower values. The 1-day chart number is 92.79, and an RSI value above 50 indicates that the market is now in an uptrend. Investors should wait for more confirmation patterns before entering the trader to lower the potential risks.
Conflux (CFX) Price Prediction 2023
Looking at the 1-day chart of CFX/USDT, the CFX price has been down ever since it got listed on Binance. However, recently it has caught the attention of investors and is back on the bull track again. Moreover, it has passed over the 200-day moving average and is trading above it. It also bounced back from the support level and has been trading high since then.
Meanwhile, our long-term CFX price prediction for 2023 is bullish if it cannot break the support level. We can expect CFX to reach $1 this year.
Conflux (CFX) Price Prediction 2024
There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect CFX to trade at a price, not below $2.5 by the end of 2023.
Conflux (CFX) Price Prediction 2025
We should expect the price of CFX to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, CFX could end 2025 by trading at around $3.9.
Conflux (CFX) Price Prediction 2026
Since the maximum supply of CFX is approached by 2026, the bearish market that follows a CFX bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of CFX could break the usual trend and trade at $5.8 by the end of 2026.
Conflux (CFX) Price Prediction 2027
Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of CFX could consolidate the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, CFX could trade at $6.99 by the end of 2027.
Conflux (CFX) Price Prediction 2028
In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is possible that the market could attain higher high values. Conflux (CFX) could hit $10 by the end of 2028.
Conflux (CFX) Price Prediction 2029
By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of CFX to $13 by the end of 2029.
Conflux (CFX) Price Prediction 2030
The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We expect the price of Conflux (CFX) to trade at around $18 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.
Conflux (CFX) Price Prediction 2040
According to our long-term CFX price estimate, CFX prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $32 by 2040. If the market turns bullish, the price of CFX could go up beyond what we predicted for 2040.
Conflux (CFX) Price Prediction 2050
According to our CFX forecast, the average price of CFX in 2050 might be above $57. If more investors are drawn to CFX between these years, the price of CFX in 2050 could be far higher than our projection.
Conclusion
CFX might reach $3 in 2023 and $18 by 2030 if investors decide that CFX is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Conflux Network, a ground-breaking public blockchain protocol, is paving the way for the future of decentralized finance, DApps, and Web 3.0. This open protocol, which uses a cutting-edge combination of Proof of Work and a Tree-Graph structure, provides fast and secure transactions that power the next generation of decentralized commerce.
CFX can be traded on many exchanges like other digital assets in the crypto world. KuCoin, Coinbase, Gate.io, OKX, BKEX, and CoinEX are currently the most popular cryptocurrency exchanges for trading CFX.
Since CFX provides investors with several opportunities to profit from their crypto holdings, it is a good investment in 2023. Notably, CFX has a high possibility of surpassing its current ATH in 2023.
CFX is one of the few active crypto assets that continue to rise in value. As long as this bullish trend continues, CFX might break through $3 and reach as high as $7. If the current market favoring crypto continues, it will likely happen.
CFX is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. CFX is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.
The lowest CFX price is $0.02191, attained on January 1, 2023, according to CoinMarketCap.
CFX was launched in 2018.
Dr Andrew Chi-Chih Yao founded CFX.
The maximum supply of CFX is unknown.
CFX can be stored in a cold wallet, hot wallet, or exchange wallet.
CFX price is expected to reach $1 by 2023.
CFX price is expected to reach $2.5 by 2024.
CFX price is expected to reach $3.9 by 2025.
CFX price is expected to reach $5.8 by 2026.
CFX price is expected to reach $6.99 by 2027.
CFX price is expected to reach $10 by 2028.
CFX price is expected to reach $13 by 2029.
CFX price is expected to reach $18 by 2030.
CFX price is expected to reach $32 by 2040.
CFX price is expected to reach $57 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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