Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon?

Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon?

CoineditionCoinedition2024/01/15 14:49
By:Chryzano Ariston
  • Bullish CFX price prediction ranges from $0.2 to $0.6.
  • Analysis suggests that the CFX price might reach above $0.45.
  • The CFX bearish market price prediction for 2024 is $0.015.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, Conflux (CFX) is one of them.

Conflux is an open blockchain that connects Asian and Western communities and economies. To improve its scaling capabilities in comparison to existing networks such as Ethereum , the Conflux protocol includes a consensus protocol known as Tree-Graph.

If you are interested in the future of CFX and want to know its predicted value for 2024, 2025, and 2030, keep reading!

Table of contents

  • Conflux (CFX) Market Overview
  • What is Conflux (CFX)?
  • Conflux (CFX) Current Market Status
  • Conflux (CFX) Price Analysis 2024
    • Conflux (CFX) Price Analysis – Moving Average Convergence and Divergence (MACD)
    • Conflux (CFX) Price Analysis – Bollinger Bands
    • Conflux (CFX) Price Analysis – Relative Strength Index
  • Conflux (CFX) Price Prediction 2024-2030 Overview
  • Conflux (CFX) Price Prediction 2024
    • Conflux (CFX) Price Prediction – Resistance and Support Levels
  • Conflux (CFX) Price Prediction 2025
  • Conflux (CFX) Price Prediction 2026
  • Conflux (CFX) Price Prediction 2027
  • Conflux (CFX) Price Prediction 2028
  • Conflux (CFX) Price Prediction 2029
  • Conflux (CFX) Price Prediction 2030
  • Conflux (CFX) Price Prediction 2040
  • Conflux (CFX) Price Prediction 2050
  • Conclusion
  • FAQ

Conflux (CFX) Market Overview

HTTP Request Failed... Error: file_get_contents(https://api.coingecko.com/api/v3/coins/conflux-token): Failed to open stream: HTTP request failed! HTTP/1.1 429 Too Many Requests

What is Conflux (CFX)?

Conflux is a Proof-of-Work (PoW) blockchain network that allows the parallel processing of blocks and transactions, while eventually forming a final serial chain. This feature contrasts other well-known networks, such as Bitcoin and Ethereum, which process blocks strictly one-by-one.1 The parallel processing creates economic incentives for miners that are notably different from serial chains.

Conflux also seeks to overcome the problem of the unpaid smart-contract space occupation. In Ethereum, when introducing a new contract, a user merely pays at the time of the inclusion of the code in the chain whereas the community as a whole faces the burden of keeping the contract in storage. 

Conflux introduces ongoing costs of contract maintenance which gives users an economic incentive to avoid wasting resources. To provide intrinsic value, Conflux seeks to attract users who actively use the network for value-added services. 

Conflux believes it is critical that there are no barriers-to-entry for those who make meaningful contributions. This is why Conflux is a permissionless network with economic-driven governance mechanisms that incentivize community

The Conflux Network was founded in 2018, based on the breakthrough Tree-Graph consensus algorithm developed in the research lab of Turing Award recipient Prof. Andrew Yao.

In 2020, Conflux established the Tree-Graph Research Institute in partnership with the government of Shanghai and the Key Laboratory of Blockchain Infrastructure Applications with the government of Hunan.

Initiated by their founder Dr. Fan Long, the Tree-Graph Research Institute was created to further the development of the underlying infrastructure of the Conflux public blockchain. As respected advocates of public blockchain infrastructure in China, Conflux continues to lead education and research in blockchain development.

Conflux’s Tree-Graph structure is divergent unlike the Bitcoin and Ethereum blockchains, which are linear in nature. Bitcoin and Ethereum can only confirm one block at any given time. Conflux’s Tree-Graph, by contrast, can confirm multiple blocks concurrently. This parallel processing of blocks and transactions lowers confirmation times and substantially increases transaction throughput.

Conflux incorporates all valid blocks, even concurrent ones, into a single data structure called the Tree-Graph. This Tree-Graph ledger, along with the GHAST chain selection mechanism, facilitates the order of execution of all transactions in the system in a scalable and robust manner.

Conflux (CFX) Current Market Status

Conflux has a circulating supply of 3,648,628,313 CFX tokens, while its maximum supply is infinite, according to CoinMarketCap . At the time of writing, CFX is trading at  $0.1926 representing 24 hours decrease of 5.14%. The trading volume of CFX in the past 24 hours is $43,185,386 which represents a 75% increase.

Some top cryptocurrency exchanges for trading CFX are  Binance, KuCoin, OKX, Gate.io, Bitget, BKEX, Phemex, Indodax, MEXC, LBank, CoinEx, Tokocrypto, DigiFinex, Deepcoin, XT.COM

Now that you know CFX and its current market status, we shall discuss the price analysis of  CFX for 2024.

Conflux (CFX) Price Analysis 2024

Currently, Conflux (CFX) ranks 90 on CoinMarketCap. Will CFX’s most recent improvements, additions, and modifications help its price go up? First, let’s focus on the charts in this article’s CFX price forecast.

Conflux (CFX) Price Analysis – Moving Average Convergence and Divergence (MACD)

The Moving Average Convergence and Divergence indicators use two exponential moving averages (ema)  to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-Day EMA and the shorter is the 12-Day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive that means the crypto is performing but if it’s negative, then it is losing value.

Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 0 Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 1 CFX/USDT 1-Day Chart Showing Moving Average Convergence and Divergence (Source: Tradingview )

The above chart shows the behavior of both the 26-day and the 12-day EMA. As stated above the MACD line is in the positive region when the 12-day EMA is greater or above the 26-day EMA. The Signal line which is a 9-day EMA is set as a standard to gauge how the MACD is doing with respect to it. Currently, the MACD reads a value of 0.0001 and it is above the Signal line.

The MACD heat map has green and red patches. The green patches show the areas where CFX gained value while the red patch shows the areas where CFX lost value. Currently, the 12-day EMA and the 26-day EMA are converging and the MACD is just above the 0 level and the line seems to be heading in the positive direction. This could be a good entry point for those trying to enter into a long position. However, buyers may need to use another indicator to eliminate the false signals that the MACD may give. 

Conflux (CFX) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility. 

Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 2 Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 3 CFX/USDT 1-Day Chart Showing Bollinger Bands (Source: Tradingview )

When the crypto is trading in the upper half of the Bollinger band, above the SMA, then, the market is performing well above par. However, when the price is in the lower half of the Bollinger bands, then, the crypto is below par. Whenever the crypto touches the upper band, it is recognized as overbought and when it touches the lower band, it is considered oversold.   

Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 4 Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 5 CFX/USDT 1-Day Chart Showing Bollinger Bands (Source: Tradingview )

The Bollinger band trend indicator has a red patch and the bands are moving horizontally. After touching the lower band, CFX is currently rising toward the upper band. If the bulls keep on accumulating CFX, there is a high chance that the prices could kiss the upper band. 

When looking at the Bollinger band width percentile (BBWP), it reads a value of 13% and the line seems to be moving downwards depicting that the width of the Bollinger bands could reduce in the future. However, with the bullish sentiment that the market could experience with the impending BTC halving, there could be increased volatility and the bands could widen. Hence, rather than falling CFX could gain value.  

Conflux (CFX) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA, it is considered bullish; if it’s below the SMA, it is bearish.

Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 6 Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 7 CFX /USDT 1-Day Chart Showing Relative Strength Index (Source: Tradingview )

The Signal on the RSI indicator acts as a yardstick to gauge how the RSI is performing relative to it. As such when the RSI is above the Signal line BCH is considered bullish and when the RSI is below the Signal line BCH is considered bearish. Currently, the RSI reads a value of 53. Since the RSI is neither overbought nor oversold, the trend is neutral. 

Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 8 Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 9 CFX /USDT 1-Day Chart Showing Relative Strength Index (Source: Tradingview )

The Connor RSI indicator used in the chart above has three components to it. Namely, the RSI, the Updown length, and the Rate of Change (ROC). The RSI is the traditional relative strength index indicator, and the Updown length indicator measures the number of consecutive days that a security price has either closed up (higher than the previous day) or closed down (lower than previous days). The ROC measures the change from one period to another. Connors RSI reads a value of 75 and it is in the overbought region, and intuitively a correction could be pending. 

The RSI Volume indicator has the normal RSI and the RSI with volume plotted on the same plane. There seems to be not a lot of difference in the RSI values of both of these. Usually when the RSI reaches overbought or oversold conditions, the volumes dwindle. Currently, as the RSI and the Volume RSI are moving upwards, the uptrend has volume supporting its rise. 

The yellow line at the bottom of the indicator is the Volume Moving Average or the Optimal Confidence Scalpers (OCS). This Vol MA reads a value of -24 and is going further deep into the negative zone while the RSI vol is heading upwards. This divergence shows that there could be a fall oncoming for CFX. 

Conflux (CFX) Price Prediction 2024-2030 Overview

Year Minimum Price Average Price Maximum Price
2024 $0.225 $0.5 $0.75
2025 $0.9 $2 $2.3
2026 $0.75 $1 $1.45
2027 $1.25 $1.5 $2.35
2028 $1.95 $2.8 $3
2029 $5 $7.5 $10
2030 $3.5 $5 $8
2040 $7 $8 $10
2050 $9 $12 $15

Conflux (CFX) Price Prediction 2024

Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 10 Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 11 CFX/USDT 1-Day Chart (Source: Tradingview )

The above chart shows that CFX is trading in a bearish flag.  CFX is touching the lower trendline and since the bearish flag is not fully formed, there is a chance for CFX to rise towards the upper trendline. This zig-zag motion could continue until the bear flag is fully formed. It is suspected that the completion of the bear flag would happen only when CFX reaches the resistance 1 level at around $0.25. And thereafter the CFX may fall to support levels.

Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 12 Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 13 CFX/USDT 1-Day Chart (Source: Tradingview )

The above thesis of CFX crashing after reaching resistance 1 could be justified by CFX’s similar behavior in 2022 at this price range. Hence, a replication could have CFX rebound off of resistance 1 and look for support 1 at $0.12. However, in the event that Support 1 is broken, CFX has more support levels below it to cushion the fall. 

Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 14 Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 15 CFX/USDT 1-Day Chart (Source: Tradingview )

However, a replication of the 2022 behavior could be dismantled in a fully positive market. There is every chance that CFX could also break resistance 1 and move towards resistance 2 at $0.35. With more pressure from the bulls, Conflux could reach $0.45 as there seems to be more trading volume at prices higher than resistance 2.

Conflux (CFX) Price Prediction – Resistance and Support Levels

Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 16 Conflux (CFX) Price Prediction 2024-2030: Will CFX Price Hit $1 Soon? image 17 CFX/USDT 1-Day Chart Showing Resistance and Support Levels (source: Tradingview )

The above chart shows resistance and support levels by volume. The red highlighted areas denote the resistance levels while the green highlights indicate the support levels. The thicker lines (light colored) are the longer durations like 1 week and 1 day while the shorter (darker colored) are for shorter time frames like 12 hours. 

As marked on the chart, the support levels highlighted have been a place where CFX was able to stop falling further. In the region that CFX is currently trading, there seems to be a lot of support and resistance levels. 

Conflux (CFX) Price Prediction 2025

CFX may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, CFX will continue to rise in 2025 forming new resistance levels. It is expected that CFX would trade beyond the $2 level.

Conflux (CFX) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, CFX could tumble into its support regions. During this period of price correction, CFX could lose momentum and be way below its 2025 price. As such it could be trading at $1 by 2026. 

Conflux (CFX) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, that excitement has not been reciprocated in CFX. As such, we could expect CFX to trade just below its 2026 value at around $1.5 by the end of 2027. 

Conflux (CFX) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, CFX may reciprocate its past behavior during the BTC halving. Hence, CFX would be trading at $2.8 after experiencing a considerable surge by the end of 2028. 

Conflux (CFX) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment, CFX could be trading at $7.5 by the end of 2029.

Conflux (CFX) Price Prediction 2030

After witnessing a bullish run in the market, CFX and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, CFX could be trading at $5

Conflux (CFX) Price Prediction 2040

The long-term forecast for CFX indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then CFX could fall in value. It is expected that the average price of CFX could reach $8 by 2040.

Conflux (CFX) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, CFX could hit $12

Conclusion

If investors continue showing their interest in CFX and add these tokens to their portfolio, it could continue to rise. CFX’s bullish price prediction shows that it could reach the $1 level. 

FAQ

What is Conflux (CFX)?

Conflux is a Proof-of-Work (PoW) blockchain network that allows the parallel processing of blocks and transactions, while eventually forming a final serial chain

How to buy CFX tokens?

CFX tokens can be traded on many exchanges like Binance, KuCoin, OKX, Gate.io, Bitget, BKEX, Phemex, Indodax, MEXC, LBank, CoinEx, Tokocrypto, DigiFinex, Deepcoin, XT.COM

Will the CFX token surpass its present ATH?

CFX has a possibility of surpassing its present all-time high (ATH) price of $3.6104 in 2021.

Can CFX reach $1 soon? 

CFX is one of the few cryptocurrencies that has shown resilience. If CFX breaks out from the bearish flag and starts gaining value it may reach $1.

Is CFX a good investment? 

CFX has been one of the most suitable investments in the crypto space. It is highly volatile, as such, it has quite a margin when its price fluctuates. Hence, traders may be allured to invest in CFX. It’s a good investment in the short term and in the long term as well.

What is the present all-time low price of CFX?

The present all-time low price of CFX is $0.02191.

Which year was CFX launched? 

CFX was launched in 2018.

Who are the co-founders of CFX?

Dr Andrew Chi-Chih Yao founded CFX.

What is the maximum supply of CFX?

The maximum supply of CFX is infinite

Where do I store CFX? 

CFX can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the CFX token’s price in 2024?

CFX is expected to reach $00.5  by 2024.

What will be the CFX token’s price in 2025?

CFX is expected to reach $2 by 2025.

What will be the CFX token’s price in 2026?

CFX is expected to reach $1 by 2026.

What will be the CFX token’s price in 2027?

CFX is expected to reach $1.5 by 2027.

What will be the CFX token’s price in 2028?

CFX is expected to reach $2.8 by 2028.

What will be the CFX token’s price in 2029?

CFX is expected to reach $7.5 by 2029.

What will be the CFX token’s price in 2030?

CFX is expected to reach $5 by 2030.

What will be the CFX token’s price in 2040?

CFX is expected to reach $8 by 2040.

What will be the CFX token’s price in 2050?

CFX is expected to reach $12 by 2050.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Hyperliquid launches native token HYPE

Coinjournal2024/11/30 00:33

Standard Chartered Analysts Predict Stablecoins Will Represent 10 Percent of US Economy in the Future!

Analysts at Standard Chartered and Zodia Markets predict that stablecoin adoption will see significant growth, potentially representing 10% of US M2 transactions in the future.

Bitcoinsistemi2024/11/30 00:00

Is $100,000 the Limit in the Bitcoin Rally or Will It Continue? Here’s a Clear Opinion for the Top

While the Bitcoin price has reached the $100,000 limit, the questioning of what goes beyond this level has begun. Here are the details.

Bitcoinsistemi2024/11/30 00:00