CFX price jumps as Binance commits to Conflux mainnet integration

Conflux (CFX/USD) price made a bullish breakout on Tuesday as a cheerful mood engulfed the cryptocurrency industry. CFX, its token, jumped to a high of $0.4452, the highest level since March 29th. It has soared by more than 1,975% since January, making it one of the top performing coins in the industry.

Timeline of Conflux-network

Conflux plans to deploy Uniswap v3 on its blockchain, which would offer access to millions of potential new users, particularly in China and Asian markets. This comes days after the Uniswap v3 code license expired, allowing developers to fork the protocol and deploy their own decentralized exchange.

Conflux plans to deploy Uniswap v3 on its network, offering access to millions of potential new users in the Chinese and Asian markets. The move comes after the Uniswap v3 code license expired, allowing developers to fork the protocol and deploy their own decentralized exchange.

China's only regulatory-compliant public blockchain, Conflux, has submitted a proposal to deploy Uniswap v3 on its network, following the expiration of the Uniswap v3 code license. This move aims to bring the popular decentralized exchange to the Chinese and broader Asian markets, tapping into a new user base and taking advantage of the region's robust growth in the crypto industry.

The price of Conflux reached a five-month high after the buyers pushed prices to $0.487 last Sunday. Since then, CFX was forced to retrace a portion of the gains it made since mid-March.

Toronto, Canada, 27th March, 2023, Chainwire ​​XCMG Construction Machinery Co., Ltd. (000425.SZ), the world's third largest construction machinery manufacturers, announced a partnership with Conflux, a leading public blockchain network, and Zen Spark Technology Pte Ltd, a Singapore-based blockchain and fintech company.

A majority of major cryptocurrencies experienced significant growth over the last two weeks, restoring a recovery sentiment in the crypto market. Moreover, the ongoing banking crisis in the United States is driving increased adoption of cryptocurrencies, suggesting further potential for growth.

Conflux (CFX/USD) has seen the dollar value of its contracts in key exchanges jump to the highest level in months. This open interest is one of the top reasons why Conflux price has been in a strong upward trend and currently sits at the highest level since September 21.

After nearly hitting $0.50 per token over the weekend, Conflux (CFX), the token that powers Conflux's high throughput, Tree-Graph powered layer-1 blockchain, has fallen back beneath the $0.40 level. According to CoinMarketCap, that means the token is now down around 10% in the last 24 hours. Nonetheless, price predictions remain bullish. 

Over the last 24 hours, several china-related cryptocurrencies have shown significant growth, highlighting their names among the highest gainers of the top 100 crypto coins by market cap. The recent surge in these coins may not have a clear-cut explanation, but it could coincide with the increasing adoption of cryptocurrencies amid the U.S. Bank crisis.

Four altcoins that have been trending hard over the past week are significantly outperforming other crypto assets amid a marketwide rally. One of the hottest altcoins in the last seven days is Conflux (CFX), a public blockchain that aims to connect Asian and Western communities and economies. CFX rallied from a seven-day low of $0.