Recently, the market performance of the CFX coin has drawn the attention of investors. One participant shared their cautious attitude towards CFX, stemming from a painful experience in the past.

It is reported that during the bear market, a well-connected secondary fund practitioner was targeted by the Conflux project party for promotion. The project party claimed that Conflux was about to become a national-level public chain, and this positive news attracted this investor to open a long position of 1 million USDT in CFX. However, the market trend went against expectations, ultimately leading to the complete liquidation of that position.

This case reflects two common pitfalls in cryptocurrency investment: first, excessive trust in the promises made by project parties or senior personnel; second, the potential to become a victim of premeditated market manipulation.

It is undeniable that Conflux indeed possesses a strong network of political and business relationships. As a domestic public chain, its layout in the Hong Kong market and strategic positioning in the stablecoin sector are quite notable. These advantages showcase the project party's outstanding capabilities in concept marketing and capital operations, often sparking one or two waves of market enthusiasm each year.

However, investors need to be clear that even projects with strong backgrounds cannot guarantee investment returns. In the cryptocurrency market, one should always remain rational, manage risks well, and not be misled by short-term market hype or unverified positive news.

The investment value of CFX needs to be comprehensively assessed from a long-term perspective, considering various factors such as technological development, market demand, and regulatory environment. For ordinary investors, a cautious approach and diversified investment may be a wiser strategy.