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
QCP: BTC Oscillates Near $74,000; Multi-Country Central Bank Rate Decisions Key This Week
QCP Capital analysis indicates that BTC price is maintaining around $74,000, with a lack of upward momentum. Although the overall crypto market remains under pressure, the declines are relatively controlled. Central bank policy meetings throughout the year will influence the market, as high oil prices have lowered expectations for rate cuts, and the interest rate environment has weakened support for crypto assets. Until policy and geopolitical situations become clearer, a volatile pattern may continue.
GateNews1h ago
Analyst: The overheated bubble of Bitcoin (BTC) has been absorbed, but selling pressure still remains.
On-chain analyst Axel's research report indicates that the Bitcoin market has returned to a neutral range, but overall remains in a loss state with unrelenting selling pressure. The MVRV Z-Score shows that valuation bubbles have dissipated; however, aSOPR has remained below 1.0 for 55 consecutive days, indicating sustained selling pressure. Axel emphasizes that the key to the market lies in whether selling pressure will be exhausted, requiring observation of whether aSOPR can stabilize above 1.0.
動區BlockTempo1h ago
Citigroup Slashes Bitcoin and Ethereum 12-Month Price Targets, Citing Stalled U.S. Crypto Legislation Weighing on Upside Catalysts
Citigroup has lowered its 12-month price targets for Bitcoin and Ethereum, signaling a shift toward caution on the cryptocurrency market's medium-term outlook, primarily due to slow progress in U.S. crypto asset legislation. Bitcoin's target was reduced from $143,000 to $112,000, while Ethereum's fell to $3,175. Despite upside potential remaining in the future, the lack of new policy catalysts suggests prices may oscillate within a range in the near term. Citigroup's assessment of Ethereum is more cautious, as it believes the asset is more significantly impacted by on-chain activity.
区块客2h ago
Bitcoin Holds Strong at $70,000! On-Chain Data Reveals "Collective Selling Wave," Retail Investors Emerge as Biggest Selling Pressure
Under Middle East geopolitical tensions, Bitcoin faced widespread selling pressure, particularly from retail holders. According to Glassnode data, the market is experiencing heavy selling pressure, with the accumulated trend score declining to 0.04, indicating that retail and small-to-medium investors are reducing their positions significantly. Despite this, Bitcoin's resilience against the decline has surprised market observers.
区块客2h ago
ENJ Rockets Past $0.027 — 23% Surge Signals Momentum
Enjin Coin has surged 22.96% in 30 minutes, reaching $0.02737, reflecting increased trading activity and market interest. With a 24-hour change of +43.30%, traders are monitoring support at $0.025 and resistance at $0.030, suggesting potential trends ahead.
Coinfomania2h ago
Ethereum Returns to $2,300: Whales Accumulate 540,000 ETH, Exchange Inflows Drop to 10-Month Low
Ethereum's price rebounded above $2,300 on March 18, primarily driven by whale purchases and net exchange outflows. On-chain data shows investors have reduced their selling pressure, with supply tightening. Technical indicators reveal short-term resistance at $2,380 to $2,400, with support near $2,320. The futures market is also displaying positive signals.
GateNews3h ago
