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.
Authors credited by the source: Steve Muchoki
Published by Holder based on an external source.
