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
Pi Network Weekly Drop 6%, Bullish RSI Meets Billion-Token Unlock Pressure
Pi Network has recently faced price declines, but technical indicators such as RSI approaching oversold levels and community sentiment remaining positive. Despite bullish signals, increased exchange reserves and upcoming token unlocks present bearish risks, with potential selling pressure likely to suppress prices. Market conditions require close monitoring.
MarketWhisper14m ago
U.S.-Iran War Pause News Caught in Conflicting Reports! Bitcoin Surges Back to $70K, But Analysts Warn of Bull Trap
The United States announced a pause on military strikes against Iran, causing Bitcoin to briefly break through $70,000. Analysts warn that this rally could be a bull trap, predicting Bitcoin may retest $46,000. Market sentiment remains subdued due to geopolitical risks and persistent inflation. Trump faces challenges from Iran and dollar-denominated oil prices amid internal pressure.
CryptoCity17m ago
Trump "Pauses Strike on Iran" for 20 Minutes, Global Markets Surge 2.5 Trillion Dollars, BTC Surges to 71000, Liquidations of 659 Million Shake the Market
Bitcoin plummeted to a two-week low of $67,371 during the Asia session, then rapidly rebounded to $71,000 following Trump's announcement to suspend strikes against Iran, gaining 5.86%. This event triggered a $2.5 trillion increase in global market value. Meanwhile, Bitcoin liquidations reached $659 million, marking the largest scale in recent times. Market sentiment improved, the fear index rose, while miners continue to face losses pressure.
動區BlockTempo1h ago
Why Did Bitcoin Rise Today? Trump Delays Iran Attack by 5 Days, 160 Million Shorts Liquidated
Bitcoin rebounded to $71,000 following Trump's statement delaying strikes on Iran, erasing losses for the week. Easing market concerns drove a return flow to risk assets, resulting in over $160 million in forced short liquidations. Technical analysis shows the need to hold above $71,500 to confirm an uptrend. Future market direction remains influenced by geopolitical developments.
MarketWhisper1h ago
