CFX Price Prediction 2023-30: Will CFX reach $100?
Latest Conflux Price
Performance in the last 12 months
- Last 5 days: +19.0%, Outperformer*
- Last 1 month: +86.1%, Outperformer
- Last 6 months: +704.8%, Outperformer
- Last 1 year: +137.8%, Outperformer
*Vs Toncoin, Best performing blockchain Crypto with > $1B Market Cap, last 1 year
Conflux Latest News
- Conflux Network is recently partnered with Foresight Ventures.c
- Conflux Network is now partnered with XCMG to build a digital future.
- Conflux Network has recently partnered with Dmail Network where Dmail will provide Web3 enterprise infrastructure to Conflux.
- Conflux Network has invested in Galaxy Blitz Network, an innovative GameFi project.
- Conflux Network has joined WooX Futures, meaning that users can now trade CFX with zero fees at woo.org.
Conflux Price Prediction Today
|Overall Outlook||Partially Positive|
|1. Market's Wisdom||Positive|
|1a. Market Data||Partially Positive|
|1b. Technical Recommendation||Buy|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||Neutral|
CFX Price Prediction: Is Conflux a Good Investment?
Conflux is a China-based proof-of-work (PoW) network that utilizes a Turing-complete smart contract language similar to Ethereum. It is built on a technology that processes parallel blocks, resulting in increased transaction throughput and reduced confirmation times. Conflux supports a modified version of Solidity and Ethereum Virtual Machine (EVM) for its smart contracts, making it easy for smart contracts from Ethereum to migrate to Conflux.
The Conflux network has a unique native token called CFX, which plays a role similar to Ether in the Ethereum network.
- Transactions on Conflux require a gas limit and a gas price, which is denominated in CFX.
- Token holders can earn interest on all illiquid tokens at a fixed rate by staking them.
- In addition, tokens can be locked up in three different ways
- Staking to earn interest
- Bonded storage to purchase network space
- To purchase votes in network governance.
Finally, the investor tokens are unlocked monthly over two years following the launch of Conflux. If the market spot price of CFX exceeds a certain value, the investor tokens may be unlocked in advance to provide liquidity to the CFX market.
CFX has a wide range of apps and partnerships covering DeFi (Not Strong), Infrastructure Companies, NFT and Analytics. Recent partnerships include China Telecom for Blockchain SIM Cards
Overall, CFX is a moderate case for Investment
CFX’s blockchain-enabled SIM (BSIM) card, enables users to interact with cryptocurrency-based applications.
- The BSIM card will be built in partnership with China Telecom
- The BSIM card integrates the hardware crypto wallet functionality into the SIM card
- The major advantage of the BSIM card is that it provides the security of a hardware cold wallet while maintaining convenience and portability
- There may be a small disadvantage for some users concerned about privacy since the BSIM card may need to be acquired with a know-your-customer.
CFX Price Prediction: Will CFX reach $100?
To reach $100, Conflux will have to rise 345 times. At $100, CFX’s Market Cap would be $209 Billion. If Conflux were to rise at the rate of 25% every year, it would take 27 years to reach $100.
Looking at all the data, it looks unlikely that Conflux will rise to $100. A long-term Burn program could make it easier though.
Conflux Price Prediction 2023-2030
Conflux Price Prediction 2023 is $0.573
Conflux Price Prediction 2024 is $0.693
Conflux Price Prediction 2025 is $0.938
Conflux Price Prediction 2026 is $1.1
Conflux Price Prediction 2027 is $1.4
Conflux Price Prediction 2028 is $1.8
Conflux Price Prediction 2029 is $2.6
Conflux Price Prediction 2030 is $3.7
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.