Conflux

As June 1 draws closer and the Hong Kong and Chinese investors look forward to legally trading cryptocurrencies once more, the market has already turned bullish. So far, Chinese coins have led the pack when it comes to gains, so here are three of the most popular Chinese tokens likely to rally if the bullish trend continues. Neo (NEO) Neo (NEO) has long been a favorite of Chinese investors and is often fondly referred to as the “Chinese Ethereum.” The cryptocurrency is one of the leading coins from the region so it is no surprise to see that it has moved back into the spotlight as retail traders are set to begin trading cryptocurrencies in Hong Kong on June 1. Related Reading: Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close The past week has already been profitable for its investors with 13.95% gains already recorded on the weekly chart. In the past day as well, the digital asset has seen gains of 3.34%, but there is still a lot of ground to cover before trading goes live. So NEO could present as a good choice for investors looking to take advantage of the new bull rally being led by Chinese investors. NEO price recovers above $11 | Source: NEOUSD on TradingView.com Conflux (CFX) Conflux (CFX) is one of the top Chinese coins for investors to keep an eye on during this time. Conflux is a blockchain company based in China and its native token CFX has seen much success this year. However, the drawdown in the price of the coin in the last month has not deterred investors and as the Chinese narrative gains ground, the token has grown as well. Just like NEO, the last week has been a good one for CFX whose price has risen 9.96% to bring its price above $0.32 once more. The coin’s trading volume also crossed $117 million in a 24-hour period, indicating that investors are always investing in this token ahead of the anticipated June 1 date. VeChain (VET) VeChain (VET) is one of the oldest blockchains in the space which was founded in 2015, the same year as Ethereum. And although VeChain hasn’t grown as much as Ethereum, it hasn’t been stagnant either and has become one of the foremost Chinese coins, making it a perfect candidate for those looking to take advantage of the present narrative. Related Reading: Elon Musk Reveals Reason Behind Dogecoin Investment, But Why Is DOGE Down? Although VET hasn’t performed as well as the others on this list, it is up nonetheless with 5.58% gains in the last week. It is also seeing a modest upside of 1.67% on the 24-hour chart, but the promise of more gains remains vast as the last two days leading up to June 1 could see these coins heat up very fast. If the trend continues, then VET could be looking at breaking the $0.03 resistance before the week is over. China And Crypto China banned cryptocurrencies in 2021 when the price of Bitcoin had rallied to $60,000. This move triggered a crash in the market, from which Bitcoin recovered not too long after, but it left Chinese investors unable to adequately participate in a market that they had previously dominated. That is, until now that Hong Kong has made a move. Related Reading: When Is A Token Coming For Coinbase’s Base L2? Here’s What The Roadmap Says The country passed a new law that would allow crypto exchanges to offer services to investors, making it possible for them to participate in the market once more. This gives investors in China an avenue to trade cryptocurrencies without being worried about breaking the law. It is set to go into effect on June 1, less than three days from now. As this date draws closer, a study by Forex Suggest has shown that Hong Kong is the most crypto-ready country in the world. However, it remains to see how this event will play out in the crypto market. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from Blokt, chart from TradingView.com

Here Are The Top 3 Chinese Coins To Buy As China Leads The Bull Run

In the fast-paced world of blockchain, the battle for dominance continues to unfold. The latest contender to make headlines is TMS Network (TMSN), delivering a resounding knockout blow to CFX and MATIC.

This article will explore the latest developments of Conflux (CFX) and Polygon (MATIC). It'll also shed more light on the phenomenal TMS Network (TMSN)'s rise to prominence.
Conflux (CFX)
Conflux (CFX) is a blockchain platform that ombines a unique Tree-Graph consensus algorithm with a layered architecture to enable high transaction throughput without compromising on security.

Two key benefits of Conflux (CFX) are its scalability and compatibility. The Tree-Graph consensus algorithm allows Conflux (CFX) to process a high number of transactions per second, making it suitable for supporting large-scale dApps. 

However, Conflux  also faces several challenges. First, adoption and awareness are major hurdles, as Conflux (CFX) competes with established blockchain platforms like Ethereum and Bitcoin. Second, regulatory uncertainty surrounding cryptocurrencies and blockchain technology can create barriers for Conflux (CFX)'s growth and adoption. Finally, like many blockchain projects, Conflux (CFX) must address the energy consumption and environmental impact associated with mining and transaction processing, as sustainability concerns continue to be raised.

Despite these challenges, Conflux (CFX)'s unique consensus algorithm and compatibility with Ethereum present promising opportunities for scalability and interoperability within the blockchain ecosystem.
Polygon (MATIC) 
Formerly known as Matic Network, Polygon (MATIC) provides a framework for building and connecting multiple compatible blockchains, commonly referred to as sidechains, to Ethereum.

A key benefit of Polygon (MATIC) is its scalability and interoperability. By utilizing sidechains, Polygon (MATIC) significantly increases the transaction processing capacity of Ethereum, enabling faster and cheaper transactions. 

However, Polygon (MATIC) also faces challenges. Firstly, competition within the scaling solutions market is intense, with various platforms vying for dominance. Maintaining its competitive edge requires continuous development and innovation. Secondly, as Polygon (MATIC) operates as a layer 2 solution, it is subject to Ethereum's limitations and potential congestion. This dependency can affect its scalability and transaction speeds. Lastly, like other blockchain projects, Polygon (MATIC) must navigate regulatory uncertainties and address potential security concerns to ensure the trust and confidence of its users.

Despite these challenges, Polygon (MATIC) has gained significant traction due to its ability to enhance Ethereum's scalability and facilitate a more seamless experience for developers and users alike. Its focus on interoperability positions it as a  solution for the expanding decentralized ecosystem. 
TMS Network (TMSN)
TMS Network (TMSN) stands out in the blockchain landscape as it embarks on the exciting 4th phase of its presale, attracting investors with its innovative features and promising potential. Currently priced at $0.093 per token, TMSN has already generated an impressive $6 million during its presale, highlighting the growing interest in this project.

One of TMS Network (TMSN)'s key focuses is user privacy and security, ensuring that participants can engage in transactions with peace of mind. By implementing robust security measures, TMS Network (TMSN) aims to safeguard user data and assets from potential threats, bolstering trust within the platform.

Moreover, TMS Network (TMSN) streamlines the trading process, allowing users to navigate the complexities of the market with ease. Through efficient and user-friendly interfaces, TMS Network (TMSN) aims to provide a seamless trading experience, reducing barriers for both new and experienced traders.

Another notable feature of TMS Network (TMSN) is its commitment to offering the best possible prices for trades. By leveraging advanced algorithms and liquidity pools, TMS Network (TMSN) seeks to optimize trade execution, enhancing profitability and liquidity for its users.

Investing in TMS Network (TMSN) holds the potential for significant returns on investment. With its strong value proposition, innovative features, and growing community, TMS Network (TMSN) aims to disrupt the blockchain landscape and provide investors with compelling opportunities.

Presale

Whitepaper

Website

Telegram

Discord

TMS Network (TMSN) Scores Knockout, Conflux (CFX) And Polygon (MATIC) Down For The Count

The top 5 cryptos are treading cautiously as Bitcoin enters its narrowest trading range, reminiscent of July 2020 prices, according to Glassnode. Consolidating within its tightest seven-day range in three years, Bitcoin’s movement indicates an imminent significant shift in the days ahead. Amidst the cautious sentiment in the broader financial market following a recent debt ceiling meeting, which has prompted bearishness, there is a possibility that the bearish trend affecting Bitcoin could extend to the crypto market in the medium to long term. However, these top 5 cryptos hold the potential to shield against significant downside risks and offer investors profitable returns once bullish sentiment returns to the markets. Related Reading: Shiba Inu Struggles To Initiate A Breakout: Will It Defy Resistance And Rebound? Top 5 Cryptos Expected To Make Big Moves In Coming Days KAVA With the successful launch of the ecosystem’s Kava 13 mainnet, its governance token KAVA made some impressive stats. According to CoinGecko, the token is up 50% in the past two weeks. The increased utility and scalability of the newly launched mainnet will surely contribute to KAVA’s future performance.  SUCCESSFUL LAUNCH: #KAVA 13 Mainnet is LIVE 🚀 pic.twitter.com/wU3peIIMe7 — Kava (@KAVA_CHAIN) May 18, 2023 At the moment, the token’s $0.8465 support level holds the key toward a bigger upside. The current price movement of the token suggests a drop in value might occur in the coming days. Defending this price point will be crucial to target $1.4 resistance in the coming days.  SNX  Powering synthetic assets on the blockchain, Synthetix’s governance token SNX continues to go against the market’s current movement. As of writing, the token is up an impressive 15% in a market where major cryptocurrencies lost value. Lyra, a new options market maker on the block, will also integrate Synthetix perpetuals in its Newport upgrade which will bring more attention to Synthetix.  For investors, holding $2.334 will be important for future price actions. However, SNX’s correlation with Bitcoin might pose a problem in the short term. Despite this, $2.334 should be able to hold against any bearishness in the medium to long term. TRX The recent conclusion of Tron’s HackaTron Season 4 produced winners that will help develop DeFi and crypto as a whole. It gave TRX a boost away from the market’s current slippage. Coingecko data reveals that the token’s value has increased by 11% since last week.  The token’s current trajectory places it as a prime target for the bears. After nearly a month of continuous gains, investors should be ready for a drop toward $0.06544 in the short term. Despite this, the bulls should be able to target $0.08092 in the long term once the market cools down its bearishness.  Thrilled to announce our official integration with @Port3Network ‘s SoQuest platform 🎉! Now, you can utilize SoQuest to earn valuable rewards 🏆, craft your unique on-chain identities 🆔, and explore so much more! Buckle up for this exhilarating blockchain journey! 🚀 https://t.co/l07MVJtaVz — Conflux Network Official (@Conflux_Network) May 17, 2023 CFX Conflux has been able to keep building despite the market conditions present with multiple integrations on other networks. These developments positively affected CFX’s price, with the token up nearly 30% in the past two weeks, making it one of the biggest gainers in the market.  As of writing, bulls are trying to recover $0.3128. A return on this level will provide a solid support level for CFX to settle above $0.4215 in the coming days or months. However, investors and traders should monitor Bitcoin’s future price movements as the two assets are historically correlated with each other. Crypto total market cap nearly unchanged at $1.06 trillion on the daily chart at TradingView.com Related Reading: Role Reversal: Ethereum Defies Expectations With Lower Volatility Than Bitcoin LTC’s Hashrate is a prime metric and plays a crucial role in the strength and security of the Litecoin network. The future is bright #Litecoin ⚡ pic.twitter.com/9Gff8Iqk6K — Litecoin (@litecoin) May 22, 2023 LTC Being the oldest crypto on the list, Litecoin holds itself higher than the others listed. Boasting a very high hashrate, this coin proves to be a reliable way to transact in everyday life. Due to these factors, LTC is up nearly 17% since last week.  Bitcoin’s movement toward a tight trading range is affecting LTC’s future performance. At the moment, the asset is holding above $89.32 which can open the path towards higher gains. For the long term, investors and traders should be able to target $100 to secure a bigger upside.  -Featured image from Futurist Speaker

These Top 5 Cryptos Are Seen Making Big Moves This Week

Conflux (CFX), the token powering Conflux’s high throughput, Tree-Graph powered layer-1 blockchain, experienced a rollercoaster ride in a whirlwind of price fluctuations. Last week, it tumbled to a low of $0.20 per token, leaving observers on edge. However, it managed to climb back up over the course of the week, reaching a level of $0.330. However, the token has faced a downward trajectory in the past four days, resulting in a decrease of over 19% in price. CoinMarketCap data shows that CFX has dipped around 2% in the last 24 hours. Despite this recent dip, optimistic projections for its future price persist. While it may have encountered some setbacks, Conflux has remained one of the top performers in the past seven days, impressively gaining over 30% during this period. Maintaining a position above the key support level of $0.295, which aligns with the previous week’s high, provides some stability amidst the turbulence. What’s Driving Conflux (CFX) Growth? Conflux (CFX) has been making waves with its remarkable on-the-year gains of approximately 1,700%. Naturally, observers are curious about the role of whales in this upward surge, speculating whether they are driving the buying and pumping of the token. While it’s a possibility, we can’t say for certain. The impressive performance of Conflux coincides with the optimism surrounding China’s renewed interest in cryptocurrencies. As the country seemingly shifts its stance towards the crypto industry, there are hopes that Conflux will reap the benefits. The project has been actively fostering partnerships with various regional enterprises, positioning itself as a potential frontrunner in meeting regulatory requirements. Related Reading: XRP Emerges As Top Performing Crypto With 55% Surge – Messari Report Among its notable partnerships, Conflux has joined forces with Little Red Book, often called China’s equivalent of Instagram. This collaboration opens up exciting opportunities as Little Red Book’s massive user base of 180 million individuals can now showcase Conflux-based non-fungible tokens (NFTs) on their profiles. Additionally, Conflux has forged a partnership with China Telecom, further enhancing its presence and potential within the Chinese market. Conflux, China Telecom Introduce Blockchain SIM Card Conflux Network and China Telecom have unveiled the world’s first Blockchain SIM (BSIM) card, a mobile user identification card based on blockchain technology. The BSIM card, resembling traditional SIM cards, is compatible with Android and iOS systems and offers significantly larger storage space and computing power than traditional SIM cards. The BSIM card goes beyond standard communication functions by generating and storing users’ public and private keys within the card itself. By employing a “private key never leaves the card” approach for digital signatures enhances security and reduces the risk of malware or virus attacks on mobile terminals. Additionally, the card provides encrypted storage and key recovery features and integrates traditional U-shield functions, making it a highly secure Web3 user terminal entry solution. Related Reading: Injective (INJ) Surges By 19% Following ‘Surprise’ NFT Announcement This collaboration between Conflux Network and China Telecom showcases their innovation in merging blockchain technology with mobile user identification, introducing a robust and efficient solution for users in the ever-evolving digital landscape. What Next For Conflux (CFX)? As long as renowned cryptocurrencies like Bitcoin and Ethereum continue to thrive in the face of global banking system concerns, Conflux (CFX) might also benefit from these favorable market conditions. Additionally, the prospects of significant financial easing from central banks, including the Federal Reserve, could further bolster CFX’s performance. Hong Kong’s recent decision to legalize certain cryptocurrency trades is a noteworthy development to monitor. This move is seen by many as a testing ground for potential crypto legalization on the mainland. Considering Conflux’s growing popularity and adoption in China, CFX stands to gain as a key beneficiary of this trend. The recent collaboration with a Chinese SIM card company further strengthens the optimism within the crypto community. These factors collectively contribute to the positive outlook for CFX, as it rides the coattails of established cryptocurrencies, anticipates favorable monetary policies, and capitalizes on potential crypto legalization in China. At press time, Conflux was trading at $0.2962. -Featured image from iStock.com, charts from CoinMarketCap and TradingView.com

Conflux Token (CFX) Retraces After 39% Gains In Seven Days

Injective (INJ) is one of the few tokens to have racked up impressive gains in the last week. While most of the assets in the crypto market were marked by insignificant price actions leading to little gains or losses, INJ stood out with an excellent price movement to become one of the biggest weekly gainers.  According to data from CoinMarketCap, Injective’s price gained by 19% in the last seven days boasting of a market performance only beaten by four other tokens – RNDR, AGIX, MASK, and CFX – in the entire top 100 crypto ranking.  INJ initially began the week trading around a price region of $6.08 and soon recorded consecutive gains and losses before experiencing a price hike on May 17 to hit a market price of $6.7 Following this price boost, INJ showed signs of consolidation for the next two days before starting its current bullish run. Related Reading: Shiba Inu Falls Below Critical Support, Is It Time For You To Buy? NFT Surprise Announcement Boosts INJ Price  Interestingly, the price rally by INJ in the last week appears to be due to an exciting announcement made by the project developers six days ago. On May 13, the team behind the Injective blockchain tweeted a statement urging the user community to interact more with dApps built on Injective or its L1 chain, stating there could be a chance to receive an “NFT-related surprise.” This announcement sparked much excitement within the Injective community, which has been represented not just in price but also in the network activity.  According to a tweet by @Iryna_Everstake, blockchain manager at network validator service Everstake pool, the Injective blockchain recorded a substantial increase in several network parameters over the last week as follows – +688K INJ staked, +470 delegators, +130 new wallets, and +295M in cumulative trading volume.  At the time of writing, INJ is trading around $7.0, having gone up 4.73% in the last day. However, it is worth noting that INJ is down by 13.8% from its value as of a month ago. That said, with a circulating supply of 80 million tokens, INJ has a stunning market cap value of $563.7 million. INJ Trading At $7.098 | Source: INJUSD chart on Tradingview.com Related Reading: NFT Market Takes A Hit: Sales Could Drop Below $1 Billion For The First Time In 2023 Altcoins End The Week With Massive Whale Movement Asides from INJ’s impressive performance this week, another talking point for most investors was the unexpected big altcoin transactions that capped off the work week. According to the on-chain analytics platform Santiment, some mid and low-market cap assets recorded whale activity to the tune of eight-figure transactions. Source: Santiment Of these many assets, MTL, POWR, AERGO, and DIAA recorded the biggest transactions, which were $37.89M, $30.74M, $30.23M, and $18.92M, respectively.  That said, Santiment stated that when small assets such as these record such high transactions, they could be up to something and thus are worth investors’ attention. -Featured Image: injective.com, chart from Tradingview.

Injective (INJ) Surges By 19% Following ‘Surprise NFT’ Initiative

Bullish momentum is currently strengthening as CFX price surges to a 7-day high. However, the downward trend potential looms as CMF nears the negative territory in the CFX price chart. The current bullish strength remains high, signaling possible price increases. The bulls won a bull-bear war for dominance of the Conflux (CFX) market, pushing the […]
The post Conflux (CFX) Bulls Battle for Dominance, Will the 7-Day High Hold? appeared first on Coin Edition.

Conflux (CFX) Bulls Battle for Dominance, Will the 7-Day High Hold?

The post Binance Completes Integration Of Conflux Network Mainnet; Can Ape Brigade Be Next? appeared first on Coinpedia Fintech News
Binance, the world’s largest cryptocurrency exchange, announced on Thursday the successful integration of the Conflux Network (CFX) mainnet. While the listing of Conflux Network (CFX) was initially announced in March 2021, trading was previously limited to BEP20 CFX tokens. On May 11, Binance officially confirmed the completion of integrating the Conflux Network (CFX) mainnet, and …

Binance Completes Integration Of Conflux Network Mainnet; Can Ape Brigade Be Next?

Among the top 5 cryptos experiencing major losses, a bigger problem looms overhead that currently affects the markets, despite the improving macro situation indicated by the Consumer Price Index. Recently, investors have become increasingly concerned about the US debt ceiling, with US Treasury Secretary Janet Yellen setting a deadline of June 1st. As a result, the markets continue to fear the worst. The crypto market is not exempt from the bearishness being experienced by the markets. According to CoinGecko, the total market cap of crypto declined nearly 3% as major cryptocurrencies continue to slip after a month of compounding gains. Related Reading: Dogecoin Limps In A Bearish Market: What Traders Should Watch Out For Top 5 Cryptos Sustaining The Biggest Loss PEPE After an astronomical rise in popularity, the token is now subject to the whims of the crypto market. According to market data, PEPE is down 8.7% in the past 24 hours as investors, both big and small, reduce their holdings. At the time of writing, the bulls are trying to recover $0.00000138 support. However, if the market continues its general decline PEPE will be dragged to lower lows. For now, investors and traders should monitor the market sentiment closely to make better decisions.  HT The Justin Sun-owned exchange, Huobi’s governance token HT is under the influence of its controversial owner. After coming under fire from CZ and the Office of Foreign Assets Control due to various reasons, HT’s price tanked by 12% since last week.  The token’s current momentum puts it on a path toward lower lows. After a bearish breakthrough on $3.55, HT has little to no support to stop the bleeding. Investors and traders could short the token for some gains in the short to medium term.  TON First launched by Telegram back in 2018, TON has come a long way as developers continue to add more functionality. Despite this, the token itself continues to plummet alongside the broader market. CoinGecko data shows that TON is down by a whopping 11% in the weekly timescale, becoming one of the biggest losers in the market.  Unlock the power of #TON 🎉We’re thrilled to announce the launch of our new token #bridge – the first unlimited bridge that enables seamless transfer of ERC-20 tokens to TON’s Jetton💎 (fungible token standard of TON)! Get started at https://t.co/OzhNq4df3e 💙 [1/3] pic.twitter.com/psux1C871z — TON 💎 (@ton_blockchain) April 17, 2023 As of writing, the bulls are trying to flip the $1.88 resistance to support. However, investors should still be cautious in the short to medium term despite the recent market pullback.  CFX The governance token of Conflux has seen ebbs and troughs as Conflux itself grew throughout the years. With on-chain development being strong in the ecosystem, the only thing holding back CFX is the bearishness in the market. According to CoinGecko, CFX is down by 18% since last week.  Introducing RIME Protocol – powering interest-free loans with minimal collateral on the Conflux Network. Our official website is now live! Visit us at https://t.co/yxWajr5nOx to learn more. #RIME #DeFi #ConfluxNetwork @Conflux_Network @SwappiDEX @Nodereal_io @PythNetwork pic.twitter.com/iCnCNoo0Dt — RIME Finance (@_Rimefi) May 12, 2023 The bulls are currently targeting the $0.312 resistance to support a bigger push upward. However, the token’s strong correlation with Bitcoin might also help the bears in the long run. If the macro situation doesn’t improve, CFX will experience more pain in the future.  Crypto total market cap at $1.10 trillion on the daily chart at TradingView.com Related Reading: Render (RNDR) Poised To Weather Market Storm With Solid AI Prospects Project X is near. That’s it. That’s the tweet. — Injective 🥷 (@Injective_) May 10, 2023 INJ Despite Injective trying to generate some hype surrounding its mysterious Project X, INJ wasn’t exempted from today’s list of top 5 cryptos on the decline. The latest market data reveals that the token is down by a whopping 21% since last week, showing investors weakness as it became one of the biggest losers this week.  The bears are on their way to flipping $5.56 to resistance in the short to medium term. If they’re successful, investors and traders will experience more pain during this time period. Defending this support level will be crucial in the coming days as the macro situation continues to spread fear in the markets. -Featured image from Outlook Money

These Top 5 Cryptos Drop As US Debt Ceiling Fears Worsen Market Conditions

The world’s largest crypto exchange Binance on Thursday said it has successfully completed the Conflux Network (CFX) mainnet integration. The exchange announced Conflux Network (CFX) listing in March 2021, but only accepted deposits and withdrawals for BEP20 CFX tokens. CFX price skyrocketed by over 1500% this year amid demand from China and AI hype. Binance 
The post Binance Opens Conflux Network (CFX) Mainnet Deposits and Withdrawals appeared first on CoinGape.

Binance Opens Conflux Network (CFX) Mainnet Deposits and Withdrawals

After weeks of gains, the crypto market finally succumbed to the bears. According to CoinMarketCap, the total market cap of cryptos is at $1.12 trillion, a measly 0.22% increase from yesterday. Since the start of the week, the metric has gone down by 9%.  This was largely caused by economic woes that plagued US equity markets. With stocks also experiencing meager gains, these cryptocurrencies are to be avoided, if you are an investor, as they bled the hardest as major cryptos dropped in value.  As the markets continue to bleed, will these cryptos drop even lower? Related Reading: Shiba Inu Gets Stuck In Price Range – Will SHIB Break Free? Top 5 Cryptos Usher In The Week With Losses CFX As Ethereum experiences the biggest drop compared to its Bitcoin peer, Conflux followed the top altcoin in the market closely. According to CoinGecko, the token is down 23% since the past week, signaling to investors CFX’s losing week.  Investors should be cautious of a bearish breakthrough on $0.2847 as it could bring the token back $0.1471. However, the bearish scenario might turn into a reality as CoinGlass data points to a robust bearish presence in the market.  ARB  As of writing, ARB is down nearly 21% in the same timeframe. Investors on the token are closely following the sentiment around Bitcoin and Ethereum, and with the two biggest cryptos experiencing pain, ARB is experiencing a magnified bearish sentiment.  Investors and traders on ARB should be cautious about putting more money on the token. At press time, ARB’s current trajectory puts it on the path back toward $1.1930. If this comes to fruition, ARB bulls are left to defend this crucial support.  APT  Even with development strongly favoring Aptos continues, the token is not fairing well amid a bearish takeover. According to CoinGecko, APT itself is down nearly 20% in the weekly timeframe.  ICYMI: @BwareLabs will be on the next #AptosMoveMonday to celebrate and share their insights on what it was like leading development on Aptos Delegated Staking. Chat with Bware and the rest of the Aptos community on Monday, April 24 at 10am PT 👇https://t.co/L9FWTdsSZM https://t.co/1k3x5cMxFe — Aptos (@Aptos_Network) April 22, 2023 Currently, the bears have $7.5088 support on their crosshairs. If APT continues its bearish price movement, a breakthrough on this support level might see the token drive even lower. CoinGlass data reveals, however, that this may be a reality for APT investors as short sellers outnumber long buyers significantly.  Welcome, @helium 🎈 The Helium Network has completed its upgrade and has finished migrating to Solana. https://t.co/nTICE0Y6aa pic.twitter.com/CjiHjsANob — Solana (@solana) April 19, 2023 SOL  With Helium’s migration being completed in the background, SOL is following the general market freefall. Recent market data shows that the token has been down nearly 16% since last week. The token is currently correlated with ETH, which means the two cryptos follow each other very closely.  At the moment, the token has stabilized below $21.60. If the bulls keep this strong defense up, we may see a rebound back to $23.29 in the coming days. If ETH doesn’t recover by then, we may see the token back at $20.20.  Crypto currently has a total market cap of $1.12 trillion as of Monday, April 24th. Chart: TradingView.com Related Reading: Ethereum (ETH) Drops 11%, Sheds All Gains From Shanghai Rally FTM Despite Fantoon making the leap for Fantom on AI, FTM still faced significant market headwinds. According to CoinGecko, the token is down nearly 21% since last week. It followed the general market freefall that pulled the entire crypto market downward.  Let’s get to know Fantoon Ai! 🧵https://t.co/zC9F6KPgbB What is it? Fantoon Ai is a super-advanced txt to image generating Ai built on a custom SD with hundreds of models (with over 2TB data). It’s fast, works without any highend HW and creates brilliant visuals in any niche 1/4 pic.twitter.com/J8ToonBCiF — Fantoon Ai: 1st Ai Project of Fantom is now LIVE! (@Pumpkittens) April 21, 2023 FTM might oscillate up and below the $0.4260 support in the short to medium term depending on the general market sentiment. Thus, this dependency on the general outlook of the crypto market could bring further pain. If the token’s price doesn’t stabilize on this support level, we might see a return to $0.3717.  (This article is for educational and informational purposes only and should not be taken as financial or investment advice. Cryptocurrencies are highly volatile and speculative assets, and their values can fluctuate widely and rapidly) Featured image from PublicDomainPictures/Pixabay

These Top 5 Cryptos Open The Week With Big Losses – Will They Drop Lower?

Conflux (CFX) printed a 24-hour loss according to CoinMarketCap. At press time, the altcoin is trading at around $0.2872 following a 10.48% decrease in the past day. The altcoin also printed 24-hour losses against Bitcoin (BTC) and Ethereum (ETH). As a result, CFX is currently down 7.54% against BTC and 7.01% against ETH. The altcoin […]
The post CFX’s Price Recently Entered Into a Short-Term Bearish Cycle appeared first on Coin Edition.

CFX’s Price Recently Entered Into a Short-Term Bearish Cycle

Conflux, a permissionless Layer 1 blockchain, is elated to announce its proposal of deploying Uniswapv3 on its network alongside CNH (offshore Chine Yuan) stable currency. The proposal also suggests joining the Curve with its mainnet token CFX bridged to the Ethereum mainnet known as eCFX. According to the Conflux team, deploying Uniswap v3 on Conflux eSpace […]

Conflux Reveals Plans To Deploy Uniswap v3 And Curve, To Grow The Asian Blockchain Space

April 14, 2023 – Toronto, Canada Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap version three on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX. This proposal comes after Binance’s announcement that it will […]
The post Conflux To Bring Uniswap Version Three and Curve to China’s Public Blockchain appeared first on The Daily Hodl.

Conflux To Bring Uniswap Version Three and Curve to China’s Public Blockchain

Toronto, Canada, April 14th, 2023, Chainwire
 
Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve Wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX. This proposal comes after Binance's announcement that it will support Conflux Network's (CFX) mainnet integration. The hope is to attract more initiatives, establish liquidity pools to facilitate the exchange of CFX tokens, and implement incentives that promote liquidity, ultimately increasing the network's worth and usage.
By deploying Uniswap v3 on Conflux eSpace, the Uniswap community gains access to a wider range of trading opportunities with both USD- and CNHC-based pairs. This development is particularly timely in light of regulatory restrictions facing USD-based stablecoins. Furthermore, projects operating in currencies other than USD will benefit greatly from this deployment, especially Asian projects that can now use CNH for settlements without worrying about currency fluctuations.
Conflux has opted to participate in a highly intricate Defi ecosystem in parallel, with the aim of drawing the attention of ETH DeFi players. Conflux's cross-chained $CFX on Ethereum, $eCFX, offers a liquidity pair with ETH on Curve. Following an on-chain vote by the Curve DAO, the Curve pool (eCFX-ETH) has been officially approved and added to the Curve Gauge. You can find the vote results here:https://dao.curve.fi/vote/ownership/312. 
Furthermore, the aforementioned pool is now available for staking on Conflux, enabling DeFi users to operate deeper within the Curve ecosystem. While Curve has been deployed on several other networks before, none of these networks initially launched a pool on Curve (Ethereum) prior to welcoming Curve on their platform. Conflux's choice to do so indicates their efforts to establish contact with the Curve community while on Ethereum and offer a new Curve pool for Asian DeFi projects before a possible launch of Curve on Conflux eSpace.
The intersection of US and EU regulatory barriers on blockchain and the recent supportive regulations on blockchain in Hong Kong emphasize how crucial the Chinese market is for the development of Web3 projects. 
Over 84% of global blockchain applications have been submitted in China, dwarfing submissions in the UK (11%) and the US (14%), which confirms that China represents one of the most innovative markets in Web3.
"By integrating eCFX with the Curve ecosystem, our team aims to demonstrate a strong commitment to robust DeFi," says Christian Oertel, Global Expansion Manager. "As Uniswap prepares to launch on Conflux, more tokens developed by Asia-based teams will be incentivized to build bridges into this burgeoning ecosystem. Once Conflux reaches an appropriate scale, our team plans to natively deploy Curve Finance, bringing the efficient stablecoin AMM-giant to Asia's own DeFi-centric blockchain."
About Conflux Network
Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.
As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. In the region, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.
 
Contact
Melissa Tireymelissa@shift6studios.com

Conflux to Bring Uniswap v3 and Curve to China's Public Blockchain

[PRESS RELEASE – Toronto, Canada, April 14th, 2023] Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve Wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX. This proposal comes after Binance’s announcement that it […]

Conflux to Bring Uniswap v3 and Curve to China’s Public Blockchain

Conflux, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve Wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX

Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve Wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX. This proposal comes after Binance’s announcement that it will support Conflux Network’s (CFX) mainnet integration. The … Continued
The post Conflux to Bring Uniswap v3 and Curve to China’s Public Blockchain appeared first on BeInCrypto.

Toronto, Canada, April 14th, 2023, Chainwire Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve Wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX. This proposal comes after Binance’s announcement that it will support [...]
The post Conflux to Bring Uniswap v3 and Curve to China’s Public Blockchain appeared first on Blockonomi.

Although things are looking rather green in the crypto market today, there are some cryptocurrencies that stood out from the rest in terms of their performance over the last 24 hours. Some of these cryptos include Render Token (RNDR), Conflux (CFX), Injective (INJ), Stacks (STX), and Solana (SOL). According to CoinMarketCap, RNDR occupies the number […]
The post RNDR and CFX Are Among the Top Gainers Over the Last 24 Hours appeared first on Coin Edition.

RNDR and CFX Are Among the Top Gainers Over the Last 24 Hours

Conflux Price Prediction: The parabolic growth in conflux coin recently made a high of $0.877 and turned sideways in response to indecisive market sentiment. The resulting sideways trend showed the prices resonated within two converging trendlines, revealing the formation of the symmetrical triangle pattern. Moreover, the coin price recently breached the pattern’s resistance trendline suggesting 
The post Conflux Price Prediction: Bullish Triangle Breakout Sets CFX Price on 12% Rise appeared first on CoinGape.

Conflux Price Prediction: Bullish Triangle Breakout Sets CFX Price on 12% Rise

Conflux (CFX) is up close to 14% within 24 hours ahead of a new partnership on the network.