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'Chinese MATIC' Conflux (CFX) up 150%, DENT Follows It up, Here's Why

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Thu, 16/02/2023 - 11:44
'Chinese MATIC' Conflux (CFX) up 150%, DENT Follows It up, Here's Why
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Conflux network token CFX has seen its price rise by more than 150% in less than two days, following news of a partnership with China Telecom to issue blockchain-based SIM cards. Thus, the Conflux network has once again lived up to the name "China's Polygon (MATIC)," which is renowned for its partnerships with major corporations.

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CFX to USD by CoinMarketCap

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Since the announcement yesterday, the price of CFX has risen from $0.06 per token to $0.14 by now. However, CFX is not alone in receiving an influx of attention and money on the back of such a massive blockchain-telecom collaboration. As a result of enthusiasts searching for ways to realize a missed opportunity, the cash flow went to DENT.

Money flow

According to its description on CoinMarketCap, Dent is a digital mobile operator that relies on blockchain technology for its operations. The project itself says eSim is currently available for purchase using the provider's services in 70 countries. At the end of January 2023, Dent added the ability to pay for its services via Binance Pay and the cryptocurrencies it supports.

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Following the recent news, DENT token, which entered the market as a result of an ICO in 2017, has risen by more than 30% in recent days, mostly today. The token's trading volume has risen by more than 560% in the last 24 hours.

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