Conflux Rockets 70% in Epic Surge Following 3.0 Upgrade Reveal!

From $0.1450 to $0.2416, CFX Soars as Shanghai Conference Wraps Up

Hang onto your hats, crypto fans! Conflux (CFX) has just blasted off by about 70%, skyrocketing from around $0.1450 to a dazzling local high of $0.2416 on July 21. This mind-blowing rally kicked into high gear right after the network's Shanghai ecosystem conference wrapped up on July 20. Talk about timing!

In the past month, CFX has gone absolutely ballistic, posting gains of over 200%, and in just the last week, it's surged by a whopping 104%. It's like watching a rocket take off into the crypto stratosphere!

But wait, there's more! With this epic breakout, CFX's market cap is now sitting pretty at $1.12 billion, reclaiming that sweet $1 billion mark. And get this—even after this wild rebound, CFX is still nearly 87% off its all-time high of $1.70 from back in March 2021. It's a long way to the top, but CFX is making moves!

Trading's gone nuts too, with spot trading volume exploding by 792% and blowing past $1.7 billion. And if you thought that was wild, check this out: 24-hour derivatives volume has shot up 981% to a staggering $6.44 billion, while open interest has jumped 241% to $350.66 million. It's like everyone and their dog is getting in on the action, cranking up the short-term volatility to eleven!

Now, let's talk about the big news: the upcoming Conflux 3.0 upgrade, set to drop on July 31. This bad boy's bringing the Tree-Graph consensus mechanism to the party, letting transactions and blocks process in parallel. We're talking about boosting network scalability through the roof, with throughput soaring to over 15,000 transactions per second. Buckle up, because Conflux is about to get a whole lot faster!

And if that wasn't enough, the Conflux Technology & Ecosystem Conference 2025 just wrapped up its third day with a bang. The closing ceremony was all about RWAs, BSIM, and our founder, Fan Long, dropping some serious knowledge on AI in Blockchain. It's like the future is happening right before our eyes!

But wait, there's more AI goodness coming with the update! Developers will be able to call up AI agents right on-chain, making Conflux one of the first major networks to bake AI directly into its smart contract layer. It's like we're living in the future, and Conflux is leading the charge!

And that's not all—Conflux is also building out the infrastructure to support tokenized real-world assets and blockchain-based cross-border trade, including a proposed offshore Chinese yuan stablecoin. If they pull this off, it could be a game-changer for China's goal of internationalizing its currency through digital rails. We're talking big moves here!

Now, let's dive into the technicals. CFX has blasted way above the upper Bollinger Band, showing just how strong this upward momentum is. But with the relative strength index sitting at a crazy 89.70, deep in overbought territory, a short retracement might be looming. It's like a rollercoaster, and we're in for a wild ride!

But don't worry, the bigger picture is still looking bullish as hell. All the major moving averages, from the 10-200 day EMAs to SMAs, are flashing buy signals like a neon sign in Vegas. Volume and momentum indicators are still sky-high, and the MACD is firmly in buy territory. It's like the stars are aligning for CFX!

If CFX can hold above key support and the hype around the update and AI integration stays strong, we could see another leg up. A move towards the $0.30-$0.35 range is definitely in play with a confirmed breakout above $0.25, but it might take some fresh catalysts or a broader market tailwind to get there. It's like we're on the edge of our seats, waiting for the next big move!

But if CFX can't hold onto these recent highs, watch out for a pullback towards the $0.18-$0.20 range, especially if profit-taking kicks into overdrive. And if it breaks down below that, the $0.15 level could be in the crosshairs. It's like a high-stakes game of crypto poker, and every move counts!