Gate News Bot news, on November 13, according to CoinMarketCap data, as of the time of writing, CFX (Conflux) is currently priced at 0.10 USD, down 3.77% in the last 24 hours, with a high of 0.14 USD and a low of 0.09 USD. The 24-hour volume reached 69.99 million USD. The current market capitalization is approximately 499 million USD, a decrease of 19.54 million USD compared to yesterday.
Important recent news about CFX:
1️⃣ Conflux Network launches USDT0 and CNHT0 stablecoins
Conflux Network has successfully launched two stablecoins, USDT0 and CNHT0. This marks an important progress for the Conflux ecosystem in the field of stablecoins, providing users with more options for trading and value storage.
2️⃣ CNH₮0 realizes cross-chain value flow
CNH₮0, as the full-chain deployment version of Tether's offshore Chinese Yuan (CNH₮), adopts the LayerZero OFT standard. This enables the value backed by offshore Chinese Yuan to achieve native liquidity across different blockchains without the need for wrapped tokens or fragmented liquidity.
3️⃣ CFX price shows significant short-term fluctuations
Due to the launch of the new stablecoin, the price of CFX has experienced significant fluctuations. At one point in time, CFX briefly broke through 0.14 USDT, with a 24-hour increase reaching 42.65%. This price volatility reflects the market's positive response to Conflux's new features.
From a technical perspective, the CFX price fluctuates between $0.09 and $0.14, showing significant price elasticity. On the fundamental side, Conflux enhances the functionality and attractiveness of its ecosystem by introducing new stablecoin products, which may have a positive impact on long-term development.
This message is not intended as investment advice; investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC broke through $74,000 this week, with short-term holders' profits surging to $18.4 million per hour.
Gate News reported that on March 17, according to Glassnode data, Bitcoin price made a modest breakthrough above $74,000 this week, with short-term holder realized profit (STH-Realized Profit, 12-hour simple moving average) surging to $18.4 million per hour. This is consistent with the pattern observed in February: short-term holders continuously drain momentum from each bounce at the $70,000 level, absorbing upward momentum before any real breakout can form.
GateNews55m ago
Gold Shop Gold Purchase Loss 8%! Real Test "On-Chain Gold" Token PAXG Total Fees Crush Taiwan Bank Passbook
There are three ways for Taiwanese people to buy gold: Taiwan Bank Gold Passbook, gold shops, and on-chain gold token PAXG. Surveys show that despite PAXG appearing complex, its fees are actually the lowest, at approximately 1.2-3.2%. Gold shop transaction spreads reach as high as 8%, while Taiwan Bank is 2.3%. PAXG offers 24-hour liquidity, but the threshold for redeeming physical gold is high. Your choice should consider security, fees, and liquidity needs.
動區BlockTempo1h ago
ETH Price Chart Sees Bullish Pattern on Repeat, Is $30,000 ETH ATH a Possibility?
Pioneer altcoin ETH price chart sees bullish pattern on repeat.
Another expert expects $30,000 ATH target for ETH.
How high can the price of ETH go this year?
The crypto market grows steadily bullish once again as the price of Bitcoin (BTC) reclaims prices above the $74,00 price range an
CryptoNewsLand1h ago
Crypto Analyst Points out a Bullish Possibility for XRP Price
Crypto analyst Ali Charts predicts XRP could rise to $1.85, following a recent 3.25% increase. Despite cautious community sentiment, the token's price may surge in the coming months, although a correction to $1.49 is also anticipated.
TheNewsCrypto1h ago
Crypto Fear & Greed Index Rises to 28, Exits Extreme Fear Zone
Gate News bot message, the Crypto Fear & Greed Index climbed to 28 today, up from 23 yesterday and 13 last week, transitioning from Extreme Fear into Fear territory. Market sentiment demonstrates early signs of recovery, while participants maintain a cautious stance with limited risk appetite.
GateNews1h ago
