🚀(CFX/USDT analysis)The #5 suggestion and alternative for Ethereum POW, for gpu miners , is ,with an good potential for having
more growth ;
🔹Rank #178,/ kind : coin POW \\ Market Cap:$117,780,170
Total Supply: 5,278,164,274///2.09B CFX 40%====> good
🔰What is Conflux (CFX)?
Conflux is a high throughput first layer consensus blockchain that utilizes a unique Tree-Graph consensus algorithm, enabling the parallel processing of blocks and transactions for increased throughput and scalability.
Sustainable Infrastructure for the global token-economy. Conflux enables creators, communities, and markets to connect across borders and protocols
📊Technical POV :
Since early Apr 22 , CFXUSDT has been declining underneath of a descending trend line up until now , It recently seems has a potential to jump , just if it be able to take over current green (pivot) zone so in this case it should also breakout the descending trend line to see the higher resistance zones , but may be rejected and retest the lower support zones as a a correction, according to my scenario .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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