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- 1 The price prediction signifies that CFX token price could reach a high of $1.854 by the end of 2028.
- 2 Conflux price gained 2.50% in the past 24 hours and was at $0.1817 at press time.
Conflux is a blockchain project which aims to solve scalability, interoperability, and usability issues. It uses a cross-chain protocol called shutterflow to transfer assets between different networks, such as Ethereum and Binance Smart chain.
It also provides a decentralized, secure, and scalable platform for developers to create dApps. Conflux’s tree graph consensus algorithm allows parallel processing of blocks and transactions, achieving high throughput and lower fees.
It also has a staking system that rewards users who lock their coins. It also provides a fee sponsorship mechanism that enables users with negative balance to use the platform.
It has a fixed supply of 5.28 Billion out of which 2.65 Billion are in circulation.
Conflux Price Technical Analysis
The Conflux price analysis illustrates a consolidation over nearly nine intraday sessions near the recent support and 50-day EMA. The bulls and bears are in a tough fight but no one is dominating the trend at the moment.
Moreover, the long term trend favors the bulls above the key EMAs of 50-day and 200-days. The daily chart shows that the price has reverted from the bearish trend and has shown significant buying in the past three months. The recent price surge has shifted the long term trend optimistic.
Currently, the price shows an accumulation after retesting the recent support. The breakout to the upper side may initiate a short term rally. The price may head higher to test the upper supply levels.
Conflux Price Prediction 2023
The price prediction for 2023 showcases a neutral to bullish outlook in the short term, indicating an upside potential of nearly 21.68% by the year end. The optimistic view of analysts estimates that the price could advance to a high of $0.2210. However, the pessimistic view of analysts predicts that the price could drop to $0.1408.
Conflux Price Prediction 2024
As per our analysts, the most optimistic target that the Conflux token may achieve is $0.346; highlighting an upside potential of 90.73% from the CMP. The average analyst price target to be attained is $0.2954 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $0.2631.
Conflux Price Prediction 2025
According to the most optimistic analysts’ projections, the CFX price could reach up to $0.479 in the next three years as its highest value. The price may surpass $0.367 according to the average forecast of the analysts. The minimum forecasted price by the end of 2025 is $0.3174.
Conflux Price Prediction 2026
The price analysis for the year 2026 shows that the CFX cryptocurrency may reach $0.771 (highest price). The bearish view of the analysts expects the price to reach a low of $0.556 by 2026.
Conflux Price Prediction 2027
The most bullish analysts foresee a potential value of $1.148 by 2027. A minimum price target that the CFX crypto may achieve by 2027 is $1.019.
Conflux Price Prediction 2028
The price forecast of the Conflux crypto shows that it may reach a high of $1.854 by 2028 if the most optimistic condition prevails. By 2028, the analysts’ lowest forecast for the Conflux is $1.412.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
