📊Reasons behind the decline of CFX after its rise
1. Profit-taking after the significant rise
After the strong rise that CFX experienced — jumping almost over 100% during July due to the announcement of the Conflux 3.0 update and its innovations (with processing power reaching 15,000 TPS, integration of artificial intelligence, and stability linked to the yuan) — it is natural for some investors to resort to profit-taking, causing a slight price decline.
After the strong rise that CFX experienced — jumping almost over 100% during July due to the announcement of the Conflux 3.0 update and its innovations (with processing power reaching 15,000 TPS, integration of artificial intelligence, and stability linked to the yuan) — it is natural for some investors to resort to profit-taking, causing a slight price decline.
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CFX
0.0756
-3.32%