In the annals of the digital currency realm, a curious event transpired on the 21st of July, akin to a small pebble creating ripples in the vast ocean of financial speculation. Conflux, the audacious voyager of digital assets, experienced a dizzying ascension of approximately 70%, soaring from a humble foundation of $0.1450 to a local zenith of $0.2416. Such fervor was ignited by the heralding of its anticipated Conflux 3.0 upgrade, rumored to be on the cusp of miraculous transformation. Who knew a simple announcement could mimic a magic spell? 🪄✨
As the dust settled on the recent Shanghai ecosystem congregation, which wrapped up just the day prior, a palpable excitement coursed through the veins of the community. The event, meant to enlighten and inspire, seemingly acted like a lightning bolt for Conflux, bestowing upon it over 200% gains across the month and a remarkable 104% within the week alone. One can almost hear the joyous yet comical echo of laughter from traders as they witnessed their fortunes change like the fickle winds of fortune itself.
With this meteoric rise, the market cap of Conflux now flutters proudly at $1.12 billion, joyously reclaiming the elusive billion-dollar threshold. Yet, as with any tale of triumph, shadows linger—this figure is still an astonishing 87% beneath its former illustrious crown of $1.70, achieved during the fervent days of March in 2021. It seems the ghosts of prices past still haunt these digital corridors.
Of course, the flurry of trading excitement mirrored the token’s rise, as spot trading volume gargantuanly surged by 792%, eclipsing a staggering $1.7 billion. The fervor did not end there; derivatives volume skyrocketed by an astounding 981% to reach $6.44 billion, while open interest underwent a remarkable resurrection of 241% to stand tall at $350.66 million. Surely, traders have donned their speculative hats, anticipating what waves of volatility may yet unfold in this thrilling drama.
On the horizon looms the grand Conflux 3.0 upgrade, set to grace the network’s existence on July 31. With this monumental leap, the Tree-Graph consensus mechanism shall emerge, bestowing the capability for parallel processing of transactions and blocks. One cannot help but wonder if this enhancement will allow the network to gracefully leap to over 15,000 transactions per second—perhaps faster than a stampede of startled cattle! 🐄💨
Conflux Technology & Ecosystem Conference 2025 | Day 3 Recap
Oh dear community, our conference has drawn to a close! The culmination of insights left us pondering the intersection of RWAs, BSIM, and the musings of our founder, Fan Long, on the perplexing realm of AI in Blockchain.
🌐 Key Speakers and Insights:
* Dr. Guanhao He (ArtMAX…
— Conflux Network Official (@Conflux_Network) July 21, 2025
The upgrade shall further empower developers to engage AI agents within the chain, thus positioning Conflux as a pioneer in weaving artificial intelligence directly into its intricate tapestry of smart contracts. It appears that in the race of technological advancement, Conflux has secured its position at the forefront of a relentless tide.
As fate would have it, Conflux embarks on a quest to fashion the infrastructure necessary for tokenized real-world assets and blockchain-supported cross-border trade, including a proposed offshore Chinese yuan stablecoin. Should this endeavor succeed, a monumental step may be taken toward China’s ambition of currency internationalization through the mystical realms of the digital cosmos.
Peering into the technical realm, CFX has triumphantly soared beyond the embrace of the upper Bollinger Band, an emblem of its potent upward thrust. However, one senses that a moment of reflection may soon arrive, particularly as the relative strength index hovers at a dizzying 89.70—practically waving a flag reading, “Beware, we’re overbought!”
Yet, amidst such fervor, the winds of the broader trend remain steadfast, as all major moving averages, crisp indicators of market sentiment, shine with bullish illumination. Volume and momentum indicators engage in a vigorous dance of exuberance, while the MACD sings a harmonious tune of ‘buy’.
Should CFX remain steadfast upon its key support, a new ascent may beckon. The resplendent possibility of reaching the $0.30–$0.35 stratum lingers, contingent upon a definitive breakout past $0.25. However, such aspirations may demand fresh catalysts or a benevolent breeze from the broader market.
Conversely, should fortunes take a contrary turn and CFX falter beneath the recent heights, a gentle pullback toward the realms of $0.18–$0.20 could manifest, particularly as traders who seek to lock in their gains may hasten this retreat. Should such a breakdown occur, one fears the infamous $0.15 level may rear its head in the shadows. Alas, such is the capricious nature of the market, ever fluctuating between euphoria and despair. 🎭
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2025-07-21 11:35