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Chinese Social Media Narrative: $CFX$
I recently observed the strong performance of the Conflux Network (CFX) token, which saw a 7-day increase of 151%. The migration of a Chinese version of Instagram to the Conflux Network was the reason for this surge. In my opinion, CFX has the potential to become the preferred coin for the Chinese market, given its early start and suitability as a proxy for Chinese social media.
I have a bullish outlook on the Chinese market, and I believe that if a project can capture the attention of the Chinese population, it has a high chance of being heavily invested in. This is why I am optimistic about CFX's future, and I see its recent growth as a positive sign.
Overall, I believe that gaining the support of Chinese buyers is a key factor in the success of a token or project. In my view, this is a key ingredient for good "pumpanomics".