With most digital assets falling in the middle of the red tide, what stands out this week was the convergence of the Combuce Network, a Layer 1 (L1) of Chinese origin, designed to provide high scalability and compatibility with Ethereum.
This digitally active It was the biggest increase last weekwith its largest market capitalization within 100, Cryptooticias awarded the winner of the Cryptocurrency Weekly career.
Over the past seven days, Compux (CFX) prices have grown from $0.18 to $0.20, representing an 11.1% increase (and there is a peak in the middle of the week that has exceeded $0.26).
Anyway, CFX is still 87% below its $1.70 record high (ATH) reached in 2021.
CFX’s bullish impulse continues its collaboration with EastCompeace technology companies after the announcement of the Compúx developer organization, launching Stablecoin related to China Yuan. The Chinese-led project seeks to promote trade and strengthen infrastructure in countries such as Pakistan, Sri Lanka, Kenya and Malaysia.
Meanwhile, it has been confirmed that Converge 3.0 will be released in August. We promise to increase network capacity to a maximum of 15,000 transactions per second (TPS).
The asset also gained visibility after it appeared on China’s national television for regulatory compliance and Web3 development.
Facing the future, It’s important to be able to keep your token above $0.20 resistance. If you get it, you have enough urge to surpass the $0.25 barrier, which is a level you won’t see after January 2024.