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CFX / TetherUS

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CFXUSDT trade ideas

🚀(CFX/USDT analysis)The #5 suggestion and alternative for Ethereum POW, for gpu miners , is ,with an good potential for having more growth ; 🔹Rank #178,/ kind : coin POW \\ Market Cap:$117,780,170 Total Supply: 5,278,164,274///2.09B CFX 40%====> good 🔰What is Conflux (CFX)? Conflux is a high throughput first layer consensus blockchain that utilizes a unique Tree-Graph consensus algorithm, enabling the parallel processing of blocks and transactions for increased throughput and scalability. Sustainable Infrastructure for the global token-economy. Conflux enables creators, communities, and markets to connect across borders and protocols 📊Technical POV : Since early Apr 22 , CFXUSDT has been declining underneath of a descending trend line up until now , It recently seems has a potential to jump , just if it be able to take over current green (pivot) zone so in this case it should also breakout the descending trend line to see the higher resistance zones , but may be rejected and retest the lower support zones as a a correction, according to my scenario . ✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💚 if you're fan of my analyses please follow me , drop a comment 🗯 and Boost me 🚀🚀
by PRO_SMART_Trader
6
Conflux gonna shine in the future! As BINANCE:ETHUSDT 2.0 merge is around the corner, most of the miners are forced to find other PoW coins such as ETC, Zcoin and also CFX. Due to the changing of Ethereum from PoW to PoS, those PoW coins will easily get pumped. And now, I would like to introduce a real Ethereum killer, Conflux. For your information, the TPS of CFX is around 6400, which is the highest in cryptocurrency (ETH is currently at 16TPS). As Conflux's ecosystem is compatible with solidity language programming, therefore those Ethereum projects can easily move to Conflux and build on it. Thirdly, CFX is the only accepted blockchain by the China Government (you can imagine that 1.4billion of their people start to use Conflux). And most of the digital collections are using Conflux too, famous singer like Jay Chou is selling their digital collections using Conflux blockchain. The only disadvantage for Conflux is they are bad at marketing, not the same as, BINANCE:ADAUSDT which are good at advertising their blockchain updates through social media. Thus, it might take time for Conflux to be famous. But if one day everyone knows about this project with their high blockchain technology, it will easily pump to 1000x or more. But all of this is just my personal views, not financial advice. And as it is a China project, so it might be highly controlled, This is contrary to the idea of ​​​​cryptocurrency, therefore it might not be favored by some of the crypto investors.
Long
by WQ927
2
Conflux (CFX) - trend reversalOn the the above 1-day chart price action has corrected 90% from the $1.30 high of March 2021. A number reasons now exist to be long, including: 1) The ‘incredible buy’ signal… oh wait it’s not there is it. Or is it.. read on. 2) Trend reversal. Higher highs and higher lows have replaced lower highs and lower lows. 3) Price action is currently testing the golden ratio and bottoming candle. 4) The 2-day BTC pair (below). If you’ve been paying attention to my publications recently - wink wink nudge nudge. Is it possible price action falls further? Sure. Is it probable? Very unlikely. Good luck! Ww CFX/BTC pairs on 2-day chart
Long
by without_worries
10