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The CFX token is being traded for around $0.303 at the time of writing.
The current price level also marks a 483.49% increase in the last seven days and a 926.41% spike over the previous 30 days. Despite the substantial growth, the CFX is still 69% lower than its all-time high at $0.97, which was recorded on May 12, 2021.
The Conflux team has inked two meaningful partnerships since the beginning of the year. At the end of January, Conflux protocol was successfully integrated with a Chinese app called Little Red Book. The integration allowed Little Red Book users to mint NFTs. The CFX token responded by surging 60% in one day.
On Feb. 15, the Conflux team signed a second partnership with China’s second-largest wireless carrier, China Telecom. The duo announced they joined forces to develop Blockchain-enabled SIM cards (BSIM). Responding to this news, the CFX token recorded a 134% surge in 24 hours.
The SEC's notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate's new report explores the recent and potential consequences of enforcement action against Paxos.
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