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Conflux plans to deploy Uniswap v3 on its network, offering access to millions of potential new users in the Chinese and Asian markets. The move comes after the Uniswap v3 code license expired, allowing developers to fork the protocol and deploy their own decentralized exchange.
China's only regulatory-compliant public blockchain, Conflux, has submitted a proposal to deploy Uniswap v3 on its network, following the expiration of the Uniswap v3 code license. This move aims to bring the popular decentralized exchange to the Chinese and broader Asian markets, tapping into a new user base and taking advantage of the region's robust growth in the crypto industry.
Following the expiration of the Uniswap V3 code license on April 1, Conflux seeks to deploy the decentralized crypto trading protocol on its network.
Uniswap V3 is set to be deployed on Conflux Network, a permissionless Layer-1 EVM-compatible blockchain.
Most altcoins posted a below-par performance in March, but XRP, XLM, CFX, XDC and MASK defied the trend by posting double-digit gains.
There are the five altcoins that had the most positive performance from the crypto market last week.
Amid the increasing uncertainty in the crypto market, the Conflux Price recovery rally peaked at the $0.49 mark and turned down for a minor correction phase. The resulting downfall has tumbled the coin price by 36.8% and plunged it to the $0.386 support level.
The Conflux (CFX) price seems to have responded positively to the blockchain's new partnership with XCMG Construction Machinery Co. Ltd., with the token posting a 17.90% jump in value in the last 24 hours.
The price of Conflux reached a five-month high after the buyers pushed prices to $0.487 last Sunday. Since then, CFX was forced to retrace a portion of the gains it made since mid-March.
Toronto, Canada, 27th March, 2023, Chainwire XCMG Construction Machinery Co., Ltd. (000425.SZ), the world's third largest construction machinery manufacturers, announced a partnership with Conflux, a leading public blockchain network, and Zen Spark Technology Pte Ltd, a Singapore-based blockchain and fintech company.
Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices falling below the key $28,000 level on Thursday. Ethereum (CRYPTO: ETH) also moved lower, trading below the $1,800 mark this morning.
ALSO: The SIM card offers the security of a hardware crypto wallet but with more convenience, says Conflux's chief technology officer in a Q&A with CoinDesk's Shaurya Malwa.
A majority of major cryptocurrencies experienced significant growth over the last two weeks, restoring a recovery sentiment in the crypto market. Moreover, the ongoing banking crisis in the United States is driving increased adoption of cryptocurrencies, suggesting further potential for growth.
Tom Busby, a well-known cryptocurrency expert, has shared his thoughts on the possible increase in popularity of alternative cryptocurrencies as Bitcoin gets closer to reaching $30,000.
Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the key $28,000 level on Monday. Ethereum (CRYPTO: ETH), meanwhile, moved lower, but traded above the $1,700 mark this morning.
Over the last 24 hours, several china-related cryptocurrencies have shown significant growth, highlighting their names among the highest gainers of the top 100 crypto coins by market cap. The recent surge in these coins may not have a clear-cut explanation, but it could coincide with the increasing adoption of cryptocurrencies amid the U.S. Bank crisis.
The Conflux Network token, CFX, has become the most profitable cryptocurrency asset of the week from CoinMarketCap's top 100 after its price rose by more than 110% in the period. After opening the week at $0.183 per token, CFX is already trading at $0.39 by the end of it, at one point even reaching $0.435.
Although China hasn't been much welcoming to cryptocurrencies since its ruling of a blanket ban on digital assets back in late 2021, certain Chinese crypto coins experienced a significant rally back in February of this year. While the country's central bank is currently pushing for a quicker recovery from the pandemic-induced slump, it's possible that The post Why Chinese Crypto Coins May Skyrocket In Coming Weeks?
Cryptocurrency price prediction today Mar 17th: the crypto market is back on a recovery track raising the hope for a bull run, the market leader Bitcoin has also breached a 9-month-long resistance accentuating a possitive sentiment in the market. Here's a list of coins among 100 cryptocurrencies showing the highest movement in the last 24 The post Cryptocurrency Price Prediction Today Mar 17th: ImmutableX, Conflux, Stacks, and Fantom Token Surged 13-16% Amid Resumed Market Recovery appeared first on CoinGape.
A little-known Ethereum competitor is in the midst of a major breakout, posting numbers that outpace both Bitcoin and ETH. The layer-1 blockchain Conflux Network (CFX) is trading at $0.295 at time of writing, up 53% in the last seven days.
This week cryptocurrencies and tokens are gaining popularity.
Cryptocurrency price prediction today Mar 15th: the ongoing bullish rally in the market has assisted several crypto coins to recover their losses witnessed during the February-early march correction phase. Amid this recovery, the following tokens from the top 100 cryptocurrencies by market cap have showcased the highest gain in the last 24 hours.
Bitcoin (CRYPTO: BTC) traded sharply higher, with the cryptocurrency prices surging above the key $26,000 level on Tuesday. Ethereum (CRYPTO: ETH) also moved higher, trading above to the $1,700 mark this morning.
Cryptocurrency price prediction today Mar 14th: the crypto market has witnessed significant growth in the last few days and recuperated a sense of relief among market participants. As several cryptocurrencies try to regain their lost grounds, the market sentiment is gaining confidence for uptrend continuation.
