Gate News Bot news, on November 13, according to CoinMarketCap data, as of the time of writing, CFX (Conflux) is currently priced at 0.10 USD, down 3.77% in the last 24 hours, with a high of 0.14 USD and a low of 0.09 USD. The 24-hour volume reached 69.99 million USD. The current market capitalization is approximately 499 million USD, a decrease of 19.54 million USD compared to yesterday.
Important recent news about CFX:
1️⃣ Conflux Network launches USDT0 and CNHT0 stablecoins
Conflux Network has successfully launched two stablecoins, USDT0 and CNHT0. This marks an important progress for the Conflux ecosystem in the field of stablecoins, providing users with more options for trading and value storage.
2️⃣ CNH₮0 realizes cross-chain value flow
CNH₮0, as the full-chain deployment version of Tether's offshore Chinese Yuan (CNH₮), adopts the LayerZero OFT standard. This enables the value backed by offshore Chinese Yuan to achieve native liquidity across different blockchains without the need for wrapped tokens or fragmented liquidity.
3️⃣ CFX price shows significant short-term fluctuations
Due to the launch of the new stablecoin, the price of CFX has experienced significant fluctuations. At one point in time, CFX briefly broke through 0.14 USDT, with a 24-hour increase reaching 42.65%. This price volatility reflects the market's positive response to Conflux's new features.
From a technical perspective, the CFX price fluctuates between $0.09 and $0.14, showing significant price elasticity. On the fundamental side, Conflux enhances the functionality and attractiveness of its ecosystem by introducing new stablecoin products, which may have a positive impact on long-term development.
This message is not intended as investment advice; investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The Crypto Fear and Greed Index rises to 16, and market panic sentiment slightly eases
Gate News message, on April 10, according to Alternative data, the crypto fear and greed index today is 16, up 2 points from yesterday’s 14, with the market’s “fear” sentiment slightly easing. The index threshold range is 0-100; based on an overall assessment of market sentiment, its components include: volatility (25%), market trading volume (25%), social media buzz (15%), market surveys (15%), Bitcoin’s share across the entire market (10%), and Google trending search analysis (10%).
GateNews27m ago
Differing Views Leaves Crypto Community in Disarray, Bearish vs Bullish BTC Expectations
Differing views leaves crypto community in disarray.
Bearish vs bullish BTC price expectations are discussed.
Price indicators support the possibility for either outcome.
The crypto community continues to face challenges in the form of heated discussions between bullish and bearish
CryptoNewsLand44m ago
Bitcoin Falls Below $71,000 as Iran Ceasefire Frays Within 48 Hours and Oil Rebounds - Unchained
Bitcoin prices fell to $70,981 amid uncertainty over a U.S.-Iran ceasefire, affecting market confidence. While Bitcoin saw a minor decrease, altcoins like Ether and Solana faced sharper declines, and global risk assets struggled with tightening monetary policy.
UnchainedCrypto46m ago
Dogecoin and Giga Lead the Pack As Meme Coin Social Engagement Hits New Heights
Community sentiment plays a significant role in the direction and overall success of the cryptocurrency market, along with the projects’ technological capabilities. Memecoins have established themselves to create the largest amount of retail interest and social conversation in this current cycle.
BlockChainReporter1h ago
XRP Golden Cross Signals Strength as Price Diverges Below $1.40
XRP exhibits a golden cross on a four-hour chart but faces short-term price declines, with resistance at $1.40 capping gains. Despite weakened trading volume and broader market pressure, strong institutional demand supports its long-term outlook.
CryptoNewsLand1h ago
The Hong Kong Monetary Authority announced the first batch of stablecoin licenses today, with CFX up 7.5% intraday.
Gate News message: On April 10, the Hong Kong Monetary Authority will announce today at 5:00 p.m. the list of the first stablecoin issuer licensees. Driven by expectations of regulatory positives, Conflux (CFX) surged strongly in the short term. According to market data from a certain trading platform, CFX opened today at $0.0518, and the intraday high reached $0.0557. The gain for the day was 7.5%.
GateNews2h ago
