CFX price explodes 100% amid news from a major Conflux conference

• Conflux price jumps more than 100% to lead top 100 coins by market cap as Ethereum eyes $4,000.
• An altcoin rally has buoyed top coins like XRP, Solana and BNB.
• News from a network conference in Shanghai, mainly that Conflux 3.0 is coming, has buoyed CFX bulls.

Conflux (CFX) is trending as the top gainer in the 100 largest coins by market cap in the past 24 hours, with its price up an impressive 116%.

CFX traded to highs of $0.24, a multi-month peak that has bulls eyeing a major breakout.

This rally for the 81st-ranked altcoin comes amid a broader bullish flip for top cryptocurrencies, with Ethereum leading the charge as Bitcoin takes a breather.

Part of CFX’s uptick is down to a major news announcement around Conflux 3.0, an upgrade expected to go live this August.

Conflux 3.0 announcement triggers triple-digit uptick for CFX

As noted, CFX ticked up by more than 100% as the Conflux price reacted to a major news announcement.

This announcement came at the Conflux Technology & Ecosystem Conference 2025 in Shanghai, held between July 18 and 20.

Among the key highlights of the summit was an announcement by Dr. Guang Yang, the chief technology officer of Conflux.

Yang noted that the upgrade that rolls in the Conflux 3.0 Architecture will activate in August.

Positive market reaction saw the altcoin post gains as mega cap cryptocurrencies edged up alongside Ethereum’s pump and XRP’s push for a new all-time high.

Solana was also looking to break towards $200.

The historic passage and signing into law of the GENIUS Act have contributed to this rally in cryptocurrencies.

It’s likely the same reason Conflux, a layer-1 blockchain designed to transform stablecoin and payment infrastructure for consumer payments, has skyrocketed in the past two days.

For Conflux, this overall bullish picture for altcoins has combined with network-specific news to catalyse the bulls’ march to highs last seen in mid-December 2024.

Daily volume rose by more than 1050% to over $1.74 billion, while the CFX market cap climbed to over $1.13 billion.

Conflux price outlook

The price of Conflux has indeed jumped by 116% in the past 7 days, extending gains to 204% in the past month.

Bulls have given up some of the gains seen when Conflux price jumped to intraday highs of $0.24.

The bullish uptick has put CFX above the key supply zone around $0.18.

It means a break above $0.30 could bring the $0.55 peak reached in March 2024 into play.

A run to $1 or higher in the short term is likely if altcoin season is on.

However, profit-taking may result in a revisit of key previous support levels, including $0.14 and $0.10.

At the current price of $0.22, CFX is more than 900% up on its value of $0.021 that bears reached in January 2023.

The Conflux token hit its all-time high above $1.70 in March 2021.