Conflux (CFX) Experiences 100% Price Surge Amid Key Developments
Conflux (CFX), a prominent public blockchain in China, has recently emerged as the top daily gainer in the cryptocurrency market, experiencing a remarkable 100% price surge. This significant rally has propelled CFX to seven-month highs, driven by several pivotal developments within the project.
Key Developments Driving the Rally
The surge in Conflux’s price follows the announcement of the upcoming launch of Conflux 3.0 and a new stablecoin initiative. These developments are positioning the project for renewed growth and attention in the crypto space. Conflux 3.0 is anticipated to bring enhancements to the blockchain’s capabilities, while the stablecoin initiative aims to expand its utility and adoption.
Conflux’s Technical Innovations
Conflux is a high-performance Layer-1 blockchain that employs a hybrid consensus mechanism combining Proof of Work (PoW) and Proof of Stake (PoS). This innovative approach ensures fast, secure, and decentralized transaction processing. The blockchain’s unique Tree-Graph ledger structure and GHAST algorithm enable it to achieve up to 3,000 transactions per second (TPS) with confirmations in under one minute.
Market Context and Conference Impact
The price rally was further buoyed by news from a major Conflux conference held in Shanghai. The conference highlighted the imminent release of Conflux 3.0, which has significantly boosted investor confidence and enthusiasm. This positive sentiment has contributed to Conflux’s leading position among the top 100 coins by market cap.
Comparison with Other Cryptocurrencies
While Conflux has seen a dramatic price increase, other cryptocurrencies like Ethereum have also been in the spotlight. Ethereum is currently experiencing a strong quarterly return on investment (ROI) of 46.62%, with its price hovering around $3,640. However, signs of potential exhaustion are emerging, as the Relative Strength Index (RSI) is overheated, and a significant portion of Ethereum’s supply is in profit.
Market Cap and Recent Performance
As of July 19, 2025, Conflux’s close price was $0.22182, with a market capitalization of approximately $1.16 billion. The cryptocurrency reached a 52-week high of $0.27118 on December 3, 2024, and a 52-week low of $0.060502 on June 21, 2025.
In summary, Conflux’s recent price surge is attributed to the anticipation of Conflux 3.0 and a new stablecoin initiative, alongside its technical innovations and positive developments from a major conference. These factors have positioned Conflux for renewed growth and attention in the competitive cryptocurrency market.