Gate News Bot news, on November 13, according to CoinMarketCap data, as of the time of writing, CFX (Conflux) is currently priced at 0.10 USD, down 3.77% in the last 24 hours, with a high of 0.14 USD and a low of 0.09 USD. The 24-hour volume reached 69.99 million USD. The current market capitalization is approximately 499 million USD, a decrease of 19.54 million USD compared to yesterday.
Important recent news about CFX:
1️⃣ Conflux Network launches USDT0 and CNHT0 stablecoins
Conflux Network has successfully launched two stablecoins, USDT0 and CNHT0. This marks an important progress for the Conflux ecosystem in the field of stablecoins, providing users with more options for trading and value storage.
2️⃣ CNH₮0 realizes cross-chain value flow
CNH₮0, as the full-chain deployment version of Tether's offshore Chinese Yuan (CNH₮), adopts the LayerZero OFT standard. This enables the value backed by offshore Chinese Yuan to achieve native liquidity across different blockchains without the need for wrapped tokens or fragmented liquidity.
3️⃣ CFX price shows significant short-term fluctuations
Due to the launch of the new stablecoin, the price of CFX has experienced significant fluctuations. At one point in time, CFX briefly broke through 0.14 USDT, with a 24-hour increase reaching 42.65%. This price volatility reflects the market's positive response to Conflux's new features.
From a technical perspective, the CFX price fluctuates between $0.09 and $0.14, showing significant price elasticity. On the fundamental side, Conflux enhances the functionality and attractiveness of its ecosystem by introducing new stablecoin products, which may have a positive impact on long-term development.
This message is not intended as investment advice; investors should be aware of market volatility risks.
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