Recently, the focus of the cryptocurrency market has gradually shifted to a project called Conflux (CFX). As the only publicly recognized public blockchain in China, Conflux is quietly changing people's perceptions of the value ceiling of Chinese public chains.

The jump from the current price of about $0.21 to a potential target of $5 may seem unbelievable to many investors. However, Conflux's unique position and multifaceted development are laying the groundwork for this possibility.

First of all, Conflux is at the forefront in terms of compliance. It is not only registered with the Cyberspace Administration but also appears on several official lists from governments and enterprises, demonstrating strong policy support.

Secondly, Conflux's layout in the stablecoin field is noteworthy. The network hosts the on-chain settlement system for the renminbi stablecoin AxCNH, paving the way for the potential internationalization of the digital renminbi in the future.

In terms of application implementation, Conflux has also made significant progress. Well-known social platforms such as Xiaohongshu and Soul have begun to integrate into the Conflux network, demonstrating its important role in the transition from Web2 to Web3.

Technological innovation is also a major highlight of Conflux. With the launch of Conflux version 3.0, the network will introduce AI native execution capabilities, further expanding its application scenarios.

Unlike other first-layer public chains that rely on narratives to drive up prices, Conflux has already completed solid infrastructure construction. However, its value does not seem to be fully recognized by the market, and this perception gap may be an opportunity for investors.

If the internationalization process of the digital renminbi accelerates in the future, Conflux is likely to become a key infrastructure and may even be regarded as a "national-level DePIN" asset. In this case, the price target of 5 dollars may not just be a vision, but a reasonable return of value.

Of course, investors should carefully assess risks and closely monitor the regulatory environment and market dynamics. The development of Conflux is undoubtedly worth attention, but any investment decision should be based on a comprehensive understanding and prudent analysis.