#CFX#

Conflux (CFX) is one of the projects that has attracted attention in the crypto market recently. Here is a brief analysis of CFX's current data and price:
Current Data:
* Current Price: Approximately $0.074
* 24-Hour Volume: Varies between $20 million and $60 million.
* Market Cap: Approximately $420 million - $490 million USD. This puts CFX in the 90-100th ranks in the market rankings.
* Circulating Supply: Approximately 5.07 billion CFX.
* Total Supply: Approximately 5.6 billion CFX.
* All-Time High Price (ATH): Reached around $1.70 USD on March 27, 2021. The current price is far from its ATH.
Brief Analysis and Developments:
* Price Movement: Although CFX has experienced slight declines in the last 24 hours and the last 7 days, it has increased by over 20% in the last 1 month. However, when we look at the last 1 year, it is seen that its price has decreased by more than 50%. This shows that it is coming from a long-term downtrend despite short-term recoveries.
* Basic Structure: Conflux is a Layer-1 blockchain that aims to provide high scalability and security. It uses the unique "Tree-Graph" consensus algorithm and allows parallel processing.
* CFX Burning and Staking Proposal: The recent approval of a proposal that includes the burning of 76 million CFX and the staking mechanism is considered a positive development in terms of token economics and may affect the circulating supply.

Conclusion:
Conflux (CFX) draws attention with its technological infrastructure and especially its position in the Chinese market. While recent price action has shown consolidation and some pullback, fundamental developments such as Bitcoin L2 integration, stablecoin launch, and token burn hold potential for the future of the project.