21.07.2025 07:46

Conflux (CFX), the 81st largest cryptocurrency by market capitalization, experienced a dramatic price surge exceeding 116% in the past 24 hours, reaching a multi-month high of $0.24. This significant rally propelled CFX to the top of the gainers among the top 100 cryptocurrencies. The surge follows a broader uptrend in the cryptocurrency market, with Ethereum leading the charge and Bitcoin consolidating its recent gains.

Fueling this remarkable increase was a major announcement at the Conflux Technology & Ecosystem Conference 2025 in Shanghai. Held from July 18th to 20th, the conference featured Dr. Guang Yang, Conflux's CTO, revealing the upcoming launch of Conflux 3.0 in August. This highly anticipated upgrade, incorporating the Conflux 3.0 Architecture, is believed to be the catalyst for the impressive price action.

The positive market sentiment surrounding CFX extended beyond the Conflux 3.0 announcement. A general bullish trend affected other leading cryptocurrencies; Ethereum approached $4,000, while XRP and Solana exhibited strong upward momentum, aiming for new all-time highs. This overall market strength amplified the impact of the Conflux news, resulting in substantial gains for CFX.

This impressive rally underscores the potential market impact of significant technological upgrades within the cryptocurrency space. The Conflux 3.0 launch, anticipated for August, is seen by many as a pivotal moment for the Conflux Network, and investor confidence is evidently reflected in the current price action. The substantial price increase highlights the significant attention garnered by the conference and the anticipation surrounding the imminent upgrade. Information about this event was obtained from internet sources.