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Crypto Driver

08/03 06:02

Conflux hardfork triggers 10% CFX drop – Here’s wh

Conflux hardfork triggers 10% CFX drop – Here’s what went wrong!

Conflux’s latest improvement proposal has drawn mixed reactions from the market.FB29A32D-32A0-4840-9E5B-88C2122D9973-768x432.webp

CFX faces conflicting signals post-hardfork: Open Interest dropped 19%, MACD flipped bearish, and SAR turned down. But five straight days of accumulation suggest the rally may not be over just yet.

Conflux [CFX] recently initiated a major step toward enhancing its network with the v3.0.0 hardfork upgrade, which comes with a deadline projected for the 1st of September.

The hardfork includes eight separate Conflux Improvement Proposals (CIPs), grouped into three categories: EVM compatibility improvements, to enhance integration with the Ethereum ecosystem, bug fixes, and rule adjustments for its Proof-of-Stake (PoS) consensus algorithm

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While community sentiment leaned bullish—hitting 77.78%—the price dropped over 10% in 24 hours, at press time, exposing a growing split between retail optimism and market action.
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