{"id":436869,"date":"2023-09-06T13:39:36","date_gmt":"2023-09-06T13:39:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=436869"},"modified":"2023-09-06T13:39:36","modified_gmt":"2023-09-06T13:39:36","slug":"conflux-price-prediction-cfx-sees-2-uptick-following-new-partnerships","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/conflux-price-prediction-cfx-sees-2-uptick-following-new-partnerships","title":{"rendered":"Conflux Price Prediction: CFX Sees 2% Uptick Following New Partnerships"},"content":{"rendered":"
Conflux’s<\/span> fall<\/span> over the past month has raised speculation in the market. Many experts project further price loss, while others expect an uptick over time.<\/span><\/p>\n Notably, during the general crypto market fall on August 17, the coin dropped to the $0.15 level and has been dwindling from this price level. <\/span>Since the start of September, Conflux has recorded a few rallies in the short period despite sitting at the $0.12 price level. <\/span><\/p>\n Today, September 6, at 5:12 a.m. EST, CFX is trading at $0.1271, with <\/span>a 2% increase<\/span><\/a> in the last 24 hours. <\/span>While several factors suggest a further loss in the short term, CFX’s recent performance and growth potential could strengthen bullish sentiment and drive the price upwards in the long run.<\/span><\/p>\n Conflux (CFX) is set to undergo a significant <\/span>hard fork upgrade<\/span><\/a> on September 7, 2023. Binance <\/span>announced<\/span><\/a> backing for the network upgrade, intending to manage all technical aspects for users holding CFX in their accounts. <\/span><\/p>\n To facilitate this transition, deposits and withdrawals of CFX tokens on Binance will be temporarily suspended starting September 7 at 4:00 p.m. (UTC). <\/span>Hard forks are often used to implement significant upgrades and improvements to a blockchain’s functionality. <\/span><\/p>\n If the Conflux hard fork brings new features, improved scalability, or enhanced security, it can attract more users, developers, and projects to the network. This increased activity can positively impact the demand for CFX tokens. <\/span><\/p>\nBinance’s Support for CFX’s Upcoming Hard Fork Upgrade Could Trigger Price Rally<\/h3>\n