• Conflux (CFX) is a permissionless Layer 1 blockchain that employs a decentralized economic-driven governance system.
• CFX price prediction for 2023 is $0.4043 to $1.3479 and might reach $0.8 soon.
• The descending triangle pattern is seen in the chart of CFX which indicates sellers are more aggressive than buyers.
What is Conflux (CFX)?
Conflux (CFX) is the native cryptocurrency of Conflux, a permissionless Layer 1 blockchain that employs a decentralized economic-driven governance system. CFX can be utilized for transaction fees, staking rewards, mining rewards, and network governance.
Current Market Status of CFX
The current price of CFX is $0.343749 with 24-hour trading volume of $295,345,570 and 24-hour price change of 3.1% up. The circulating supply of Conflux (CFX) is 2,097,547,687 and the all-time high was recorded on March 27th 2021 at $1.70 .
Conflux Price Prediction 2023
The chart laid out a descending triangle pattern which can be interpreted as bearish signal but it can also be bullish depending upon the trend reversal or continuation in future days . Currently ,the price range for CFX lies between 0.3235 to 0.4862 and 0 .6123 if we see breakout from this triangle in coming days . However ,if trend reverses then CFX may fall to 0 .3061 level too .
Support & Resistance Levels Of CFX
The support & resistance levels of Conflux (CFX ) are shown in the chart below :
In conclusion ,Conflux (CXF) holds 65th position on CoinGecko right now with its price prediction at range between 0 .4043 to 1 .3479 dollars by 2023 with potential to reach 0 .8 dollar soon depending upon trend reversal or continuation . Also ,support & resistance levels are indicated in chart above showing threshold points for buying & selling activities respectively