The recent significant rise of Conflux (CFX) has attracted widespread attention from the market. There are several key factors behind this phenomenon that are worth exploring:

First of all, Conflux is about to undergo an important technical upgrade. This upgrade will significantly enhance network performance, increasing its processing speed several times. The market generally believes that this gives Conflux the potential to become an efficient public chain platform, and it is even seen as "a Chinese-characterized alternative to Ethereum."

Secondly, Conflux has advantages in policy support and strategic cooperation. As a public chain project officially recognized by China, Conflux has made progress in launching a RMB stablecoin and is also exploring the integration with artificial intelligence technology. These initiatives have brought continuous positive news to Conflux.

In addition, market speculation has also driven up the price of CFX. A large influx of short-term capital has led to a surge in trading volume, creating a strong upward trend. In this situation, short sellers had to close their positions, further driving up the price.

According to the current trend, if the market environment is favorable in September, the price of CFX could reach levels of 0.5 or even 1. However, investors should act with caution and fully recognize the high-risk characteristics of the cryptocurrency market.

Overall, the recent rise of Conflux reflects the combined effects of technological innovation, policy support, and market dynamics. As blockchain technology continues to evolve, similar opportunities may arise in other projects, and investors need to remain vigilant and conduct thorough research and risk management.