Key takeaways:
- CFX price faces volatility at around $0.2.
- Considering the current BTC market sentiment and rising buying demand among Chinese investors, CFX price might reach $0.32 in December.
- In 2025, CFX might record a maximum price of $0.4773.
Conflux Network (CFX) is a high-speed layer 1 blockchain that combines proof-of-work consensus with proof-of-stake finality. Originating from China, it follows local regulations, earning it the nickname “Chinese Ethereum.”
The network’s native CFX token serves various purposes, such as being a store-of-value and a governance token. You can also stake these tokens to receive passive income in the form of more CFX tokens.
When considering the future value of the CFX token in 2024 and beyond, our CFX network price prediction takes into account various factors that could influence its price. Analysts question: Can CFX price reach $1?; however, this depends on economic conditions, the token’s practical uses, and historical price trends.
Overview
| Cryptocurrency | Conflux Network |
| Ticker symbol | CFX |
| Rank | 91 |
| Price change 24-H | +0.16% |
| Market cap | $844,938,661 |
| Circulating supply | 3,945,712,464 |
| Trading volume 24h | $53,989,272 |
| All-time high | $1.7 |
| All-time low | $0.2191 |
Conflux price prediction: Technical analysis
| Metric | Value |
| Current Price | $0.2 |
| Price Prediction | $ 0.285807 (9.74%) |
| Fear & Greed Index | 76 (Extreme Greed) |
| Sentiment | Bullish |
| Volatility | 15.14% |
| Green Days | 20/30 (67%) |
| 50-Day SMA | $ 0.159012 |
| 200-Day SMA | $ 0.18163 |
| 14-Day RSI | 74.12 |
Conflux price analysis: CFX faces bearish pressure around $0.18
TL;DR Breakdown
- CFX price analysis shows that CFX price faced bearish pressure around $0.18.
- Resistance for CFX is present at $0.2188
- Support for CFX/USD is present at $0.1735
The CFX price analysis for 18 December confirms that sellers are triggering a minor downward correction in the CFX price chart. In recent hours, the price of CFX dropped below $0.2.
CFX price analysis 1-day chart: Conflux price faces selling pressure below $0.2
Analyzing the daily price chart of Conflux, CFX’s price faced a surge in selling demand as sellers pushed the price toward $0.2. Currently, the price aims for a hold below the immediate Fib levels. The 24-hour volume has surged to $10 million, showing interest in trading activity today. CFX price is currently trading at $0.2, increasing by over 0.16% in the last 24 hours.
The RSI-14 trend line has declined from its previous level and trades below the midline at 43, hinting that bearish pressure is on the edge. The SMA-14 level suggests volatility in the next few hours.
CFX/USD 4-hour price chart: Bears aim for an immediate correction
The 4-hour Conflux price chart suggests that bulls are strengthening their position to hold the price above the EMA lines. However, bears are aiming for a break below the immediate Fib channel.
The BoP indicator trades in a positive region at 0.54, showing that short-term buyers are taking a chance to accelerate an upward trend.
However, the MACD trend line has formed red candles below the signal line, and the indicator aims for negative momentum, strengthening short-position holders’ confidence.
Conflux technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $ 0.202191 | BUY |
| SMA 5 | $ 0.204261 | BUY |
| SMA 10 | $ 0.192747 | BUY |
| SMA 21 | $ 0.172647 | BUY |
| SMA 50 | $ 0.159012 | BUY |
| SMA 100 | $ 0.156193 | BUY |
| SMA 200 | $ 0.18163 | BUY |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 0.172648 | BUY |
| EMA 5 | $ 0.167111 | BUY |
| EMA 10 | $ 0.165469 | BUY |
| EMA 21 | $ 0.16603 | BUY |
| EMA 50 | $ 0.161293 | BUY |
| EMA 100 | $ 0.162696 | BUY |
| EMA 200 | $ 0.177397 | BUY |
What to expect from CFX price analysis next?
The hourly price chart confirms that Conflux attempts to drop below the immediate support line; however, bulls are eyeing further recovery in the upcoming hours. If CFX’s price successfully holds its momentum above $0.2188, it will fuel a bullish rally to $0.2553.
If bulls fail to initiate a surge, the CFX token price may drop below the immediate support line at $0.1735, which may begin a bearish trend to $0.1562.
Is Conflux a good investment?
As CFX price has a solid user base in the Chinese crypto community, we might see profitable returns in the long term. As a result, it can be a good investment option in the future.
Why is the CFX price up today?
Buyers triggered intense pressure around the 23.6% Fib channel. As a result, the price of CFX surged above $0.25 and is currently aiming for further bullish moves.
Will CFX price hit $1?
According to our predictions, we might see the CFX price hitting the $1 mark by 2027.
Will CFX price hit $5?
Depending on the current market sentiment and buying demand, the $5 milestone for CFX price is a distant dream. However, we expect the coin to attain this value by the end of 2050.
Recent news/opinion on Conflux
- Smile Shop has partnered with Conflux to introduce the BitUnion prepaid card, aiming to revolutionize global consumer payments with digital assets. The new card allows users to transact in 183 countries, supports online and offline payments, and integrates traditional financial security with blockchain’s PayFi technology.
Conflux Network price prediction December 2024
Conflux price has been on a bullish rally following Bitcoin’s surge toward the $100K mark. The recent launch of spot Ethereum ETF might boost Chinese crypto tokens and we might see a solid surge in CFX price in the coming days.
Expert prediction for Conflux in December expects a minimum price of $0.23 and a maximum price of $0.32, and an average price of $0.25.
| Conflux Price Prediction | Potential Low | Potential Average | Potential High |
| Conflux Price Prediction December 2024 | $0.23 | $0.25 | $0.32 |
Conflux Network Price Forecast 2024
Conflux is expanding globally and promoting NFT education in China, which could boost CFX demand. The 2024 price is expected to range between $0.2780 and $0.3427, with an average of $0.2893.
| Conflux Price Prediction | Potential Low | Potential Average | Potential High |
| Conflux Price Prediction 2024 | $0.278 | $0.2893 | $0.3427 |
Conflux Network Price Predictions 2025-2030
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2025 | 0.3979 | 0.4123 | 0.4773 |
| 2026 | 0.6022 | 0.6228 | 0.6951 |
| 2027 | 0.8739 | 0.905 | 1.06 |
| 2028 | 1.22 | 1.25 | 1.51 |
| 2029 | 1.79 | 1.86 | 2.11 |
| 2030 | 2.57 | 2.64 | 3.08 |
Conflux price predictions 2025
The Conflux Network, as the only blockchain in China meeting regulatory standards, is well-positioned to attract Chinese investors.
Although there is no roadmap beyond 2030, past updates suggest it could emerge as a leading layer 1 blockchain in 2025. Projections for 2025 estimate the Conflux price to range from $0.3979 to $0.4773, with a median price of around $0.4123.
Conflux price forecast 2026
The team has prepared 2.4 billion CFX tokens as grant awards to encourage developers to broaden its network. With each token priced at $0.2, this amounts to nearly $600 million. The value could increase if the token price goes up.
In a bullish scenario, by 2026, the price of Conflux is predicted to bottom out at $0.6022. The peak price could be as high as $0.6951, with an expected average price of $0.6228 throughout the year.
Conflux (CFX) price prediction 2027
The analysis for 2027 suggests that Conflux could have a minimum price of $0.8739. The price may escalate to a maximum of $1.06, averaging around $0.9050.
Conflux price prediction 2028
It is anticipated that the Conflux price will reach a minimum of $1.22 in 2028. The maximum price might hit $1.51, with an average price of $1.25 throughout the year.
Conflux price prediction 2029
Predictions for 2029 show Conflux reaching a minimum price of $1.79. The price could climb to a maximum of $2.11, with an average of $1.86 over the year.
Conflux (CFX) price prediction 2030
In 2030, Conflux could trade at a minimum of $2.57. The price is expected to peak at around $3.08, with the average trading value likely to be $2.64.
Conflux market price prediction: Analysts’ CFX price forecast
| Firm Name | 2024 | 2025 |
| Gov.Capital | $0.28 | $0.45 |
| DigitalCoinPrice | $0.48 | $0.57 |
| Changelly | $0.313 | $0.459 |
Cryptopolitan’s Conflux (CFX) price prediction
At Cryptopolitan, we are bullish on Conflux’s future price as the historical market sentiment is extremely impressive. By the end of 2024, the CFX price might record a minimum of $0.2780. The price may peak at $0.3427, with the average trading price anticipated around $0.2893.
However, the future market potential for Conflux entirely depends on its buying demand, regulation in China, and investor sentiment in long-term holding. We expect the CFX price to reach as high as $0.65 by the end of 2027.
Conflux historic price sentiment
- Conflux launched at approximately $0.08 in late 2020, reaching an all-time high of $1.70 on March 27, 2021, during a crypto bull run. It dropped below $1.00 in May and ended the year at $0.1994.
- Conflux experienced significant losses, falling below $0.10 by mid-May 2022 and closing the year at $0.02198 after a nearly 90% annual decline.
- Starting the year 2023 at an all-time low of $0.02191, CFX rose above $0.30 in February following a partnership with China Telecom and peaked above $0.40 several times in March and April. It declined to $0.278 by June due to SEC lawsuits, dropped to $0.125 in August, and closed the year at $0.185.
- By January 2024, CFX increased to $0.2323 and surged above $0.51 in March before falling toward $0.2. It consolidated around $0.22 in April and May, dropped to $0.13 in June, and oscillated between $0.11 and $0.25 from July to October, ending November near $0.2. In December, the coin is trading within the range of $0.2391 to $0.2712.
