I don't think CFX is overpriced, on the contrary. The principle of an investment is to get into the product early, even if it is not yet mature. conflux is just over a year old, which is nothing for a project of this type. I don't think many investors in conflux (sequoia, huobi, etc.) will sell after a year because the price doesn't go up.
As the last pumps (april and september) were linked to the binance listing and a ccp news, and the hype is fading. For the price to rise again, the CFX needs a utility and that is what is happening with the hardfork and EVM space. The ecosystem needs to develop for the price to rise. The first applications are starting to arrive, partnerships, etc. People who have the opportunity to enter the project for the first time at this price are lucky (many of us have entered higher).
0.04-0.05 is a very low target in my opinion and I really don't think we will go that far. Indeed the price can fall if BTC dump, but in some time we will not even talk about it if the ecosystem and conflux network develop at its fair value
