Conflux Network Price Prediction 2024, 2025, 2030

Conflux Network (CFX) is a high-performance layer 1 blockchain that uses the proof-of-work consensus with proof-of-stake finality. It’s built out of China and it’s a regulatory-compliant blockchain in the country, which is why Conflux Network is called the “Chinese Ethereum”.

Its native CFX token has multiple use cases, namely as a store-of-value and as a governance token, which you can also stake to earn passive rewards in CFX tokens.

To answer the question of how much the CFX token will be worth in 2024 and beyond, in our Conflux Network price prediction we weigh in factors that affect the price, including macroeconomics, token utility and price movements.

Conflux Network Price Prediction Summary

  • Conflux Network was launched in 2018 without a public token sale.
  • The CFX token was listed on exchanges in November 2020 with an opening price of $0.1441.
  • An all-time low price of $0.02191 was reached three years later.
  • Our Conflux Network price prediction points to a high of $0.2461 by the end of 2024.
  • Based on our 2025 Conflux Network price forecast, CFX is likely to trade at an average price of $0.2255.

conflux

Conflux Network Price Prediction 2024-2030

  • Our Conflux Network crypto price points to an average price of $0.1941 for 2024.
  • Technical analysis shows Conflux Network token price could trade between $0.1606 and $0.2905 in 2025.
  • Conflux Network coin forecast shows a $0.4300 top during 2030.

Year Potential Low Average Price Potential High
2024 $0.1422 $0.1941 $0.2461
2025 $0.1606 $0.2255 $0.2905
2030 $0.2830 $0.3565 $0.4300

Conflux Network Price History

Conflux Network is a layer 1 blockchain, like Ethereum, Solana and Cardano, but it uses a hybrid of PoW and PoS algorithms to achieve consensus. Because it combines these two algorithms, Conflux Network can achieve up to 6,000 transactions per second (TPS), which makes it faster and cheaper than Ethereum, which can process around 17 TPS. 

The network has a native token called CFX, designed with multiple use cases: to be a governance token, to be used as a store of value, to be staked to secure the network and earn CFX rewards and to pay network transaction fees.

The CFX token was listed on exchanges in November 2020 at the price of $0.1441. It quickly spiked to $0.3022 soon after listing. But it dropped to $0.09454 within the same month, which marked CFX’s lowest point since launch.

CFXUSD

CFX reached all-time highs in March 2021 at a price of $0.7578. After that, it continued trading lower for the next two years, reaching a bottom of $0.02191 in December 2022.

In March 2023, CFX topped at $0.4849. One of the reasons for this price action was the announcement that Conflux Network raised $10 million from DWF Labs where the funds would be used to expand the CFX blockchain.

Current CFX prices don’t reflect the updates made on the Conflux Network since March 2023. For example, Conflux partnered with World Mobile to develop blockchain-based SIM cards, and Conflux went through a hard fork upgrade in August 2023.

Conflux Network price history key points:

  • Conflux Network token CFX started trading in November 2020 at a price of $0.1441
  • It peaked in March 2021 at a price of $0.7578
  • The CFX bottom was reached in December 2022 at a price of $0.02191 
  • CFX has a market cap of $501 million from a circulating supply of 3.36 billion tokens

Conflux Network Price Prediction 2024

One major catalyst that is likely to start the next bull run in crypto is Bitcoin’s halving, estimated to happen in April 2024. This event has the potential to pull most cryptocurrencies higher, including CFX.

As for Conflux itself, with the plans of expanding its presence via offices in Dubai, Europe and other regions, it is likely that Conflux Network token as well as the blockchain itself will benefit in 2024 and the years to follow.

On top of expansion, Conflux Network aims to educate Chinese artists to leverage the NFT space on Conflux deep into 2024. This includes showcase of projects that have already minted on the network, such as ConFi’s Friends and the MEI PROJECT sneakers, both of which successfully launched NFT-themed merchandise.

NFTs on Conflux

Being the only regulatory-compliant blockchain in China means that Chinese investors and traders will likely choose CFX coins instead of other layer 1 blockchain coins during the next bull run.

Because of that, CFX could trade between $0.1422 and $0.2461 in 2024 based on our forecasts.

On the other hand, Binance experts see the CFX token price trading around $0.166415, while CoinCodex forecasts the CFX token price to move between $0.136243 and $ 0.357033 within the same period.

Conflux Network Price Forecast Long Term Outlook – 2025-2030 Predictions

Marion Laboure, an analyst at Deutsche Bank Research sees Bitcoin becoming the 21st-century gold. The Conflux Network is the only regulatory-compliant blockchain in China, which means Chinese investors could choose to buy CFX tokens instead of Bitcoin for that reason alone.

Since there is no project roadmap extending all the way to 2030, based on previous updates, the Conflux Network has a huge potential to become one of the leading layer 1 blockchains between 2025 and 2030.

The team already has 2.4 billion CFX tokens ready in grant awards for developers to expand its network. At a price of $0.15 apiece, that’s close to $400 million. This can further grow if the price appreciates.

In a bullish scenario, the demand for Conflux Network tokens could help push its price to $0.2905 by 2025 and up to $0.4300 by 2030 based on our forecasts.

Experts on Binance are slightly conservative, seeing CFX token trade between $0.174736 in 2025 and $ 0.223013 in 2030. Meanwhile, Bitnation sees CFX peaking at $1.39 by 2030.

Potential Highs & Lows of the Conflux Network Price

Many cryptocurrencies like the meme coins Dogecoin and Pepe have nothing but speculative value. Conflux Network, on the other hand, is a full-fledged layer 1 blockchain that supports smart contracts on its network. These smart contracts are built using Ethereum’s Solidity programming language, meaning developers can easily switch from Ethereum to Conflux to grow the ecosystem.

What’s more, this is the only regulatory-complaint blockchain in China, which further increases its use case in bridging multiple blockchains.

Depending on macroeconomic factors and crypto news and regulations, here’s how CFX’s price is likely to fluctuate in the coming years:

Year Potential Low Average Price Potential High
2024 $0.1422 $0.1941 $0.2461
2025 $0.1606 $0.2255 $0.2905
2030 $0.2830 $0.3565 $0.4300

What do Other Analysts Predict for Conflux Network?

We gathered two prominent experts in the crypto space to see their Conflux Network price predictions and where CFX will trade in the coming years.

CoinCodex experts see Conflux Network trading around $0.25 by Q2 2024, which is 66% higher than the current CFX price of $0.15.

On the other hand, CCN forecasts a more optimistic price move for the CFX token. By 2025, their experts see a move between $0.25 and $0.44 and by 2030 between $0.64 and $2.81.

What is Conflux Network Coin and What is it Used for?

Conflux Network is a layer 1 blockchain with full support for smart contracts and decentralized applications. It uses a combination of proof-of-work and proof-of-stake algorithms for consensus, which gives it scalability beyond many existing blockchains.

The network’s native token is CFX, which gives owners voting rights in the decentralized autonomous organization, as well as rewards for staking their coins. CFX is also used to pay transaction fees on the network and to reward the CFX miners.

cfx tokenThere are over 3.3 billion CFX tokens in circulation out of a total supply of 5.2 billion. The token is available for purchase on multiple large exchanges, including Binance, KuCoin and OKX.

CFX Token Overview

Cryptocurrency Conflux Network
Ticker Symbol CFX
Rank 70
Price change 24H -1.74%
Market cap $506,938,661
Circulating supply 3,361,712,464
Trading volume 24h $252,542,272
All-time high $0.7578
All-time low $0.2191

What Influences the Price of Conflux Network?

Conflux Network isn’t an isolated case in the cryptocurrency world, meaning the same factors influencing the broader market influence the CFX token price. For example, major factors that affect CFX’s price include interest rates, crypto news, hype, regulations and features of the Conflux Network itself.

Even though CFX was up over 50% in October 2023, current market conditions don’t allow for making spectacular moves unless something happens with the network itself.

We need to see interest rates starting to go down, to get SEC approval for a Bitcoin spot ETF and finally for the Bitcoin halving event to pass for CFX and many other cryptocurrencies to see new liquidity injected into their tokens.

Upgrades of the Conflux Network platform can heavily impact the price, but so far there is nothing major planned in the near future.

Is Conflux Network a Buy?

Conflux Network aims to rival Ethereum, Solana and other layer 1 blockchains. Since this is the only regulatory-compliant blockchain in China it could fill the gap between the East and West. If you believe that Conflux will play a major role in the next bull run, then buying at these prices could be a prudent option.

However, Bitcoin and the top altcoins like Ethereum, Solana and Cardano are more popular with stronger ecosystems and large communities. Because of that, they are likely to see a higher price impact compared to CFX in the future.

Best Place to Buy Conflux Network

Conflux Network is one of the coins listed on Binance. You can easily buy CFX either with a card or on the spot market on this crypto exchange.

Binance’s spot market offers some of the lowest fees of 0.1% after you deposit funds. With a card, you could pay around 4% in fees but you get your CFX coins instantly while with a bank transfer it may take hours or maybe even days for your funds to clear.

All you need to do is open an account and verify it. Select “Deposit” and then “Buy with USD”. Technically, you’ll buy USDT with a card and convert it to CFX.

Binance exchange

If you want high-risk bets, you can speculate on CFX’s token price with up to 5x leverage. Alternatively, lock your CFX coin with Binance Earn and get 0.3% APR.

If you want to dollar-cost average, you can do so with Binance’s auto-invest feature. This lets you set up your investment amount and time intervals, such as days weeks, when you want to make CFX purchase and Binance will do it on your behalf.

Check out Binance to use these features and more for your crypto portfolio.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Conclusion

Conflux Network is a layer 1 blockchain like Ethereum and Solana with a hybrid use of PoS and PoW consensus algorithms. It supports smart contracts via Ethereum’s Solidity programming language and it’s the only regulatory-compliant blockchain in China. 

However, this doesn’t mean it’s worth buying. Make sure to compare the best cryptocurrencies to buy to find the right coin for your financial needs. Make sure to never invest more than you are willing to lose, as the cryptocurrency markets can be more volatile than traditional markets.

References

  1. https://www.coindesk.com/markets/2023/05/24/chinese-ethereum-conflux-draws-spotlight-as-hong-kong-welcomes-retail-traders/
  2. https://twitter.com/Conflux_Network/status/1630832297313464322?s=20
  3. https://worldmobile.io/blog/post/world-mobile-partners-with-conflux
  4. https://forum.conflux.fun/t/conflux-v2-3-0-hardfork-upgrade-announcement/19111
  5. https://apnews.com/article/federal-reserve-inflation-interest-rates-economy-jobs-47a78ceb285ac50217ef39e2441112ee
  6. https://confluxnetwork.medium.com/conflux-network-teams-up-with-protofire-b97a86acc84e
  7. https://www.coindesk.com/business/2023/10/25/blackrock-bitcoin-etf-has-since-august-been-on-dtcc-site-that-moved-markets-this-week/
  8. https://crypto.com/university/what-is-bitcoin-halving
  9. https://www.bloomberg.com/news/articles/2023-04-24/what-is-bitcoin-halving-and-does-it-push-up-the-cryptocurrency-s-price-q-a
  10. https://www.db.com/what-next/digital-disruption/dossier-payments/i-could-potentially-see-bitcoin-to-become-the-21st-century-gold

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Kliment Dukovski
Editor

Kliment Dukovski is a cryptocurrency and investments writer. He's written over 1,000 articles to help readers understand complex crypto and investment subjects, as well as to find the best cryptocurrency products to meet their needs. His expert commentary has been featured in Fox Business, MSN Money and MediaFeed.