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Conflux Network's CFX Token Sees Spike in Prices Amid Increased Attention from Traders After Hong Kong Allows Retail Crypto Trading

The price of Conflux Network's CFX token experienced a surge after Hong Kong announced that it would allow retail investors to trade cryptocurrencies. This move is expected to attract more capital from Chinese investors. Despite the initial rally, the price of CFX has since dropped to 30 cents.

Conflux is a fast and affordable blockchain that claims to be the only regulatory-compliant public blockchain in China. The protocol aims to help Hong Kong and mainland China expand in the Web3 area and has collaborated with global brands and government entities on blockchain and metaverse initiatives.

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