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Conflux (CFX) has displayed strength over the last 24 hours, rising over 7% to $0.153 at press time. The CFX price appears to be riding on the positive sentiment in the wider cryptocurrency market as investors salivate over a possible entry of a spot Bitcoin exchange-traded fund (Bitcoin ETF).
As Bitcoin rallies toward $35,000, traders are looking into penny altcoins like CFX and LINK, which are leading the gains on Wednesday.
Top Crypto Gainers Today
Conflux price has also pumped over 30% in the last 48 hours earning a spot among the top 10 best crypto performers in the last two days.
Top 10 #Crypto Performers in past 2 Days within Top 200 Marketcap Coins:
1. $POLYX 57.78%
2. $MINA 57.19%
3. $POLY 48.07%
4. $CFX 29.63%
5. $TRB 20.24%
6. $TOMO 16.99%
7. $BLUR 15.69%
8. $WAVES 13.58%
9. $DYDX 13.40%
10. $BAND 12.23%— Ava monaro (@AvaMonaro) October 25, 2023
Conflux Seeks Return To $0.27
At the time of writing CFX price was battling resistance from the 200-day Exponential Moving Average (EMA) at $0.164. Increased buying from the current level could push the price above this barrier with the next hurdle emerging from the $0.20 psychological level.
Above that, the next logical step would be a move to $0.25 or a retest of the $0.278 range high. Such a move would bring the total gains to 81%.
CFX/USD Daily Chart
Several technical indicators supported this positive outlook for Conflux. First, the price was sitting on strong support provided by the 100-day and 50-day EMAs at $0.144 and $0.126, respectively. The bulls had flipped these moving averages from resistance to support during the latest rally, indicating the strength of the buyers to sustain the higher levels.
CFX Alternatives
MK is the native crypto for the Meme Kombat project, newly introduced into the market but already threatening its peers, SHIB, DOGE, and PEPE.
From active betting to passive staking, there are many rewards for MK community members, including Annual Percentage Yields (APY) as high as 112%. The project is still in the presale stage, boasting over $700,000 in presale sales collection. This comes as investors buy MK using Ethereum (ETH) and Tether (USDT) stablecoin or a simple bankcard purchase at rates as low as $0.1667.
We're edging closer to $700k raised in presale fighters!
LFG! $MK pic.twitter.com/PD62McQDF4
— Meme Kombat (@Meme_Kombat) October 25, 2023
The project places community members at the center of its plans. This is best indicated in the community incentives and a launching platform. The project has also committed to prioritizing community engagement, adaptation to market trends, and conforming to user preferences. The project’s telegram and X accounts are good places to find the latest data.
Visit Meme Kombat here for more information on how to participate in the presale.
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