Conflux (CFX) Token Surges Over +10%, Here is Why

Conflux (CFX), the layer-1 blockchain designed to empower decentralized applications (dApps), has experienced a substantial surge in the cryptocurrency market. Over the last 24 hours, the CFX token has seen a noteworthy increase of +11.22%, soaring from $0.21 to $0.24, accompanied by a robust market cap of $879 million. The trading volume has also witnessed a remarkable 46% spike.

Why Conflux (CFX) Token is Surging Today?

The reason behind today’s surge lies in the strategic partnership announced by the Conflux (CFX) Network with the emerging Asia-based venture studio, ‘BlockBooster.’ This collaboration is set to focus on identifying and nurturing “web3 incubation opportunities within the Conflux ecosystem.” The ultimate goal is to facilitate significant events for Conflux builders, promising a surge in the project’s overall growth.

Although specific details regarding the partnership remain undisclosed, the mere announcement has had a profound impact on the CFX token. Investors responded positively, resulting in an impressive 11% surge, pushing the token’s value to $0.24.

Simultaneously, Conflux is gearing up for a significant development – the introduction of an Ethereum Virtual Machine (EVM)-compatible layer-2 solution. This innovation is expected to enable seamless interaction with the Bitcoin network, a move that comes amid the growing interest in the blockchain network.

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