TON Price Drops as Developers Announce Major 2025 Network Updates
Bitcoin is experiencing a short-term correction following the inauguration of US President Donald Trump. Toncoin has formed a falling wedge pattern, dropping over 3% to approximately $4.9 with a fully diluted valuation of about $25 billion and a 24-hour trading volume of around $301 million.
- TON price faces an ABC correction in the Elliott Wave principle.
- The price has retested the lower border of its falling wedge pattern, indicating potential for a rebound.
- A consistent close below this level may lead to further declines towards the next support at around $4.2, near the 0.786 weekly Fibonacci Extension.
Upcoming Major Updates for TON Network
Supported by Telegram's user base of around 1 billion, the TON network has developed a robust DeFi ecosystem with over $289 million in Total Value Locked (TVL) and a stablecoin market cap exceeding $1.4 billion. To enhance user attraction to Toncoin-based DeFi protocols, core developers have outlined nine significant updates planned for the first half of 2025.
- The Accelerator upgrade aims to improve scalability and stability.
- New tools for validators will be introduced.
- Revamped Toncenter API features are planned.
- User experience improvements and collaborations with community products are underway.
- A new Payment Network Layer Two is being developed for high-frequency transactions.
- The introduction of TVM side-chains is also under consideration.
- The TOLK 1.0 programming language version is being updated to enhance smart contract development.
The research phase for the Accelerator Upgrade is complete, with its mainnet introduction expected soon.