The special digital currency for a not well-known online money system went up by more than 20% on Friday, doing better than most other digital currencies.
Conflux (CFX) is a type of chain that uses both proof-of-work and proof-of-stake. It says it is the only blockchain in China that follows the rules, is open to everyone, and doesn’t need permission to use.
The web3 project wants to bring together finance and gaming, and connect the Western and Asian markets. It wants to help create a global economy without borders.
CFX is being sold for around $0. 227 right now, which is higher than the $0. 185 it was selling for on Thursday. The 88th most valuable cryptocurrency has increased by almost 33% from its lowest price of $0. 17 in the past week.
CFX went up on Friday because Conflux made a deal with a venture studio called BlockBooster in Asia.
Describes the project.
“We want to support and help grow web3 infrastructure, social, and gaming projects through this partnership. ”
- Work together to find ways to support new projects on the internet using the Conflux platform.
- Help Conflux builders organize big events together.
“Keep watching for more news and updates. ”
BlockBooster is a company in Hong Kong that wants to create technology and programs for the next version of the internet.
Even though the price of CFX has gone up recently, it is still almost 87% lower than its highest price of $1. 70 in March 2021, as reported by CoinGecko.