Tokens of Conflux Network (CFX) – an Asia-focused blockchain that some have dubbed the “Chinese Ethereum” – saw a spike in prices earlier amid increased attention from traders after Hong Kong decided to let retail investors trade crypto, which some say could fuel an influx of capital from Chinese investors.
The price of the CFX token initially soared after the announcement was made Tuesday, though that rally mostly faded. CFX rose to as high as 33 cents from the weekend’s 29 cents mark, before early buyers likely took profits and pushed prices down to 30 cents as of Wednesday morning.
Conflux is a speedy and cheap blockchain that
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