Key takeaways CFX price faces volatility around $0.25. Considering the current BTC market sentiment and rising buying demand among Chinese investors, CFX price might reach $0.19 in November. In 2025, CFX might record maximum price of $0.4773. Conflux Network (CFX) is a high-speed layer 1 blockchain that combines proof-of-work consensus with proof-of-stake finality. Originating from China, it follows local regulations, earning it the nickname “Chinese Ethereum.” The network’s native CFX token serves various purposes, such as being a store-of-value and a governance token. You can also stake these tokens to receive passive income in the form of more CFX tokens. When considering the future value of the CFX token in 2024 and beyond, our CFX network price prediction takes into account various factors that could influence its price. Analysts question: Can CFX price reach $1?; however, this depends on economic conditions, the token’s practical uses, and historical price trends. Overview Cryptocurrency Conflux Network Ticker symbol CFX Rank 91 Price change 24H +0.16% Market cap $844,938,661 Circulating supply 3,945,712,464 Trading volume 24h $53,989,272 All-time high $1.7 All-time low $0.2191 Conflux price prediction: Technical analysis Metric Value Current Price $ 0.25552 Price Prediction $ 0.285807 (9.74%) Fear & Greed Index 76 (Extreme Greed) Sentiment Bullish Volatility 15.14% Green Days 20/30 (67%) 50-Day SMA $ 0.159012 200-Day SMA $ 0.18163 14-Day RSI 74.12 Conflux price analysis: CFX faces bullish pressure toward $0.25 TL;DR Breakdown CFX price analysis shows that CFX price faced buying demand toward $0.25 Resistance for CFX is present at $0.2737 Support for CFX/USD is present at $0.2384 The CFX price analysis for 4 December confirms that buyers are triggering a minor upward correction in the CFX price chart. In recent hours, the price of CFX surged above $0.25. CFX price analysis 1-day chart: Conflux price faces bullish trend toward $0.25 Analyzing the daily price chart of Conflux, CFX’s price faced a surge in buying demand as buyers pushed the price toward $0.25. Currently, the price is aiming for a hold above the immediate Fib levels. The 24-hour volume has surged to $61 million, showing an increased interest in trading activity today. CFX price is currently trading at $0.254, increasing by over 0.16% in the last 24 hours. CFX Price Chart (1 day) on TradingView The RSI-14 trend line has surged from its previous level and trades above the midline at 76, hinting that a bullish pressure is on the edge. The SMA-14 level suggests volatility in the next few hours. CFX/USD 4-hour price chart: Bears aim for an immediate correction The 4-hour Conflux price chart suggests that bulls are strengthening their position to hold the price above the EMA lines. However, bears are aiming for a break below the immediate Fib channel. CFX Price Chart (4 hour) on TradingView The BoP indicator trades in a positive region at 0.19, showing that short-term buyers are taking a chance to accelerate an upward trend. Additionally, the MACD trend line has formed green candles above the signal line, and the indicator aims for a positive momentum, strengthening long-position holders’ confidence. Conflux technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 0.202191 BUY SMA 5 $ 0.204261 BUY SMA 10 $ 0.192747 BUY SMA 21 $ 0.172647 BUY SMA 50 $ 0.159012 BUY SMA 100 $ 0.156193 BUY SMA 200 $ 0.18163 BUY Daily exponential moving average (EMA) Period Value Action EMA 3 $ 0.172648 BUY EMA 5 $ 0.167111 BUY EMA 10 $ 0.165469 BUY EMA 21 $ 0.16603 BUY EMA 50 $ 0.161293 BUY EMA 100 $ 0.162696 BUY EMA 200 $ 0.177397 BUY What to expect from CFX price analysis next? The hourly price chart confirms that Conflux attempts to drop below the immediate support line; however, bulls are eyeing for further recovery in the upcoming hours. If CFX’s price successfully holds its momentum above $0.2737, it will fuel a bullish rally to $0.3213. CFX/USD price chart. Image source: TradingView If bulls fail to initiate a surge, CFX price may drop below the immediate support line at $0.2384, which may begin a bearish trend to $0.2003. Is Conflux a Good Investment? As CFX price has a solid user base in the Chinese crypto community, we might see profitable returns in the long term. As a result, it can be a good investment option in the future. Why is the CFX Price Up Today? Buyers triggered intense pressure around the 23.6% Fib channel. As a result, the price of CFX surged above $0.25 and is currently aiming for further bullish moves. Will CFX Price Hit $1? According to our predictions, we might see the CFX price hitting the $1 mark by 2027. Will CFX Price Hit $5? Depending on the current market sentiment and buying demand, the $5 milestone for CFX price is a distant dream. However, we expect the coin to attain this value by the end of 2050. Recent news on Conflux Smile Shop has partnered with Conflux to introduce the BitUnion prepaid card, aiming to revolutionize global consumer payments with digital assets. The new card allows users to transact in 183 countries, supports online and offline payments, and integrates traditional financial security with blockchain’s PayFi technology. Conflux Network price prediction December 2024 Conflux price has been on a bullish rally following Bitcoin’s surge toward the $100K mark. The recent launch of spot Ethereum ETF might boost Chinese crypto tokens and we might see a solid surge in CFX price in the coming days. Our prediction for Conflux in December expects a minimum price of $0.23 and a maximum price of $0.32 with an average price of $0.25. Conflux Price Prediction Potential Low Potential Average Potential High Conflux Price Prediction December 2024 $0.23 $0.25 $0.32 Conflux Network Price Forecast 2024 Conflux is looking to boost its global dominance by opening offices in Dubai, Europe, and other areas. This expansion could increase the popularity of the Conflux Network token and its blockchain in 2024 and beyond. In addition, Conflux Network is also focusing on educating Chinese artists about using its platform for NFTs throughout 2024. This includes promoting projects already launched on the network, like ConFi’s Friends and the MEI PROJECT sneakers, which have successfully introduced NFT -themed products. This might boost the buying demand of CFX tokens in the Chinese market. See also Litecoin price prediction 2024-2030: Will LTC price hold $100? The Conflux price is expected to stabilize at a minimum of $0.2780 in the remainder of 2024. It may peak at $0.3427, with the average trading price anticipated around $0.2893. Conflux Price Prediction Potential Low Potential Average Potential High Conflux Price Prediction 2024 $0.278 $0.2893 $0.3427 Conflux Network Price Predictions 2025-2030 Year Minimum Price Average Price Maximum Price 2025 0.3979 0.4123 0.4773 2026 0.6022 0.6228 0.6951 2027 0.8739 0.905 1.06 2028 1.22 1.25 1.51 2029 1.79 1.86 2.11 2030 2.57 2.64 3.08 Conflux price predictions 2025 Marion Laboure, a researcher at Deutsche Bank, believes Bitcoin could become a modern-day equivalent of gold. The Conflux Network is the only blockchain in China that meets regulatory standards, making it a likely choice for Chinese investors who might prefer buying CFX tokens over Bitcoin. Currently, there is no roadmap for the Conflux Network beyond 2030. However, looking at its past updates, there’s a strong chance it could become a top layer 1 blockchain in 2025’s crypto market. For 2025, projections indicate that the Conflux could see a low of $0.3979. The price can reach a high of $0.4773, with the median price likely to be around $0.4123. Conflux price forecast 2026 The team has prepared 2.4 billion CFX tokens as grant awards to encourage developers to broaden its network. With each token priced at $0.2, this amounts to nearly $600 million. The value could increase if the token price goes up. In a bullish scenario, by 2026, the price of Conflux is predicted to bottom out at $0.6022. The peak price could be as high as $0.6951, with an expected average price of $0.6228 throughout the year. Conflux (CFX) price prediction 2027 The analysis for 2027 suggests that Conflux could have a minimum price of $0.8739. The price may escalate to a maximum of $1.06, averaging around $0.9050. Conflux price prediction 2028 It is anticipated that the Conflux price will reach a minimum of $1.22 in 2028. The maximum price might hit $1.51, with an average price of $1.25 throughout the year. Conflux price prediction 2029 Predictions for 2029 show Conflux reaching a minimum price of $1.79. The price could climb to a maximum of $2.11, with an average of $1.86 over the year. Conflux (CFX) price prediction 2030 In 2030, Conflux could trade at a minimum of $2.57. The price is expected to peak at around $3.08, with the average trading value likely to be $2.64. CFX price prediction 2024 – 2030 Conflux market price prediction: Analysts’ CFX price forecast Firm Name 2024 2025 Gov.Capital $0.28 $0.45 DigitalCoinPrice $0.48 $0.57 Changelly $0.313 $0.459 Cryptopolitan’s Conflux (CFX) price prediction At Cryptopolitan, we are bullish on Conflux’s future price as the historical market sentiment is extremely impressive. By the end of 2024, CFX price might record a minimum of $0.2780. The price may peak at $0.3427, with the average trading price anticipated around $0.2893. However, the future market potential for Conflux entirely depends on its buying demand, regulation in China and investor sentiment in long-term holding. We expect CFX price to create a high of $0.3427 by the end of 2024. Conflux historic price sentiment CFX price history Initial listing at approximately $0.08 in late 2020. Reached an all-time high of $1.70 on March 27, 2021, during a crypto bull run. Dropped below $1.00 in early May 2021; ended the year at $0.1994. Experienced significant losses, falling below $0.10 by mid-May. Closed the year at $0.02198 after nearly 90% annual loss. Hit an all-time low of $0.02191 on January 1, 2023. Rose past $0.30 in February following a partnership announcement with China Telecom. Peaked above $0.40 several times in March and April. Suffered a decline due to SEC lawsuits but managed $0.278 on June 23. Dropped to about $0.125 on August 23; ended the year at $0.185. Increased to $0.2323 by January 30, 2024. In March, CFX price surged above $0.51; however, it later declined in the following weeks toward $0.2. In April and May, the price of CFX consolidated around the $0.22 range. In the weeks of June, CFX price declined heavily as it dropped toward the low of $0.13. In July, the price of CFX formed a high near $0.18; however, it later consolidated around $0.15. In August, the price of CFX dropped toward $0.11. The price of CFX surged by the end of September as it touched the $0.2 level. In October, CFX recorded further surges as it reached a high near $0.25. However, it declined gradually later. In November, the price of CFX surged toward the high of $0.2.
