The CFX 4-hour chart continues to rise, possibly driven by previous rumors of RMB-denominated oil settlement.

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ODAILY
03-15
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According to OKX Odaily data, the CFX 4-hour candlestick chart shows a new high for the period, with the price reaching a high of approximately 0.06282 USDT, representing a 24-hour increase of approximately 14%.

Some community members believe that this round of price increases may be related to recent macroeconomic news. Previously, media outlets cited sources saying that Iran was considering allowing some oil tankers to pass through the Strait of Hormuz, provided that oil shipments were settled in RMB. This discussion has once again drawn market attention to the narrative surrounding RMB stablecoins and cross-border payments.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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