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.
However, the cryptocurrency is still among one of the best performers in the last seven days, having gained a staggering over 60% during that time period.
Indeed, despite its latest pullback, CFX is still holding well above the key $0.37 support area, which is roughly in line with February’s high.Read more on cryptonews.com