• Conflux (CFX) is a permissionless Layer 1 blockchain with a decentralized economic-driven governance system.
• Currently, the price of CFX is in the range of $0.3235 and its 24 hour trading volume is $295,345,570.
• In Conflux (CFX) price prediction 2023, it is expected that CFX might reach a resistance level of $0.6123 or fall to $0.3061 depending on the current trend.
What is Conflux (CFX)?
Conflux (CFX) is the native cryptocurrency of Conflux which is a permissionless Layer 1 blockchain that employs a decentralized economic-driven governance system. The cryptocurrency can be used for transaction fees, staking rewards, mining rewards and network governance.
Current Market Status
Currently, Conflux (CFX) holds the 65th position on CoinGecko and its current price is $0.343749 while its 24 hour trading volume stands at $295,345,570 and it has seen 3.1% up in its 24 hour price change. The all-time high for CFX was recorded on March 27 2021 when it touched the mark of $1.70.
Conflux (CFX) Price Prediction 2023
The chart laid out by TradingView shows that CFX has formed a descending triangle pattern indicating bearish signals as sellers are becoming more aggressive than buyers. If this trend continues then CFX might reach resistance levels of $0.4862 and $0.6123 whereas if there’s a reversal then it may fall to as low as 03061$. According to CoinGecko analysis bullish predictions for 2023 stand at around$0.4043 -$1 .3479 whereas bearish predictions stands at around 0 . 0492 .
Support & Resistance Levels
The chart below shows the support and resistance levels of Conflux (CFX). Currently ,the support level stands at around 0 . 3235and resistance level stands at around 0 . 6123 .
Conclusion
In conclusion , according to our analysis we predict that CFX might reach upto 0 . 8 soon based on its current trend but anything can happen in crypto markets so investors should do their own research before investing in any crypto asset like Conflux(CFF).