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In the crypto assets market, CFX's performance has attracted widespread attention. Previously, many people were skeptical about CFX. Critics believe that this project lacks substantive progress and is merely a group of technical experts working behind closed doors. Despite the team with Tsinghua backgrounds continuously publishing academic papers, it seems to have failed to capture the market's interest. After the Mainnet launch, the usage rate has been sluggish, and even some team members have left to develop other projects, giving the impression of a flash in the pan.
However, with the rise in CFX prices, the market's perception of it has undergone a dramatic shift. Suddenly, CFX is seen as an important bridge connecting the Hong Kong and mainland financial markets, becoming a representative of financial technology innovation in Shanghai. Some believe it could become the preferred platform for the RMB stablecoin and play an important role in the 'Belt and Road' initiative, being regarded as an important representative of China's blockchain technology.
This abrupt change in attitude reflects the speculative nature of the crypto assets market. If CFX continues to maintain strong growth, there is a possibility that it will gain more official recognition and media follow. However, we should also rationally view this change, focusing on the actual technological progress and application scenarios of the project, rather than just the price fluctuations.
Overall, CFX's experience reminds us that when evaluating blockchain projects, it is necessary to balance short-term market performance with long-term technological development. Truly valuable projects should be able to withstand the test of market fluctuations and prove their worth in practical applications.