
Let’s talk web3, crypto, Metaverse, NFTs, CeDeFi, meme coins, and Stocks, and focus on multi-chain as the future of blockchain technology. Let us all WIN!
As Toncoin forms a falling wedge pattern with potential bearish implications, developers unveil an extensive roadmap including Accelerator upgrade and L2 solutions.
As Bitcoin BTC $83 535 24h volatility: 0.0% Market cap: $1.66 T Vol. 24h: $32.50 B price signals to short-term crypto correction, after the inauguration of US President Donald Trump quickly turned to a sell-the-news event, Toncoin TON $3.51 24h volatility: 5.0% Market cap: $8.72 B Vol. 24h: $236.49 M has continued to form a falling wedge pattern. The large-cap altcoin, with a fully diluted valuation of about $25 billion and a 24-hour average trading volume of around $301 million, dropped over 3 percent in the past 24 hours to trade about $4.9 on Monday, January 27, during the mid-New York session.
From a technical analysis standpoint, the TON price has been trapped in an ABC correction of the second wave of the macro Elliott Wave principle. For the past three weeks, the TON price, against the US dollar, has retested the lower border of a falling wedge pattern, signaling a potential rebound in the near future.
However, a consistent close below the lower border of the falling wedge pattern, in the weekly time frame, will lead to further capitulation in the near future. If the current support range fails, the TON price will likely drop to the next major support around $4.2, which coincides with the 0.786 weekly Fibonacci Extension.
Screenshot
Backed by the vast Telegram users of around 1 billion, the TON network has grown to a vibrant DeFi ecosystem, with more than $289 million in Total Value Locked (TVL) and over $1.4 billion in stablecoins market cap. However, in order to attract more organic users to the Toncoin-based DeFi protocols, which includes DEXes and Telegram’s mini apps, the core developers have announced a detailed roadmap for major network updates to take place by the end of the first half of 2025.
According to the announcement, nine crucial network updates will help the Toncoin ecosystem compete with other smart contract-focused blockchains, led by Solana SOL $117.7 24h volatility: 0.0% Market cap: $60.60 B Vol. 24h: $4.76 B . On the top list, the core developers have been working on the Accelerator upgrade to ensure the network’s scalability and stability.
The TON Core team is bringing BIG updates in H1 2025! Here’s a sneak peek:
🔹 Huge "Accelerator" Kernel update on Mainnet
🔹New tools for validators
🔹Revamped Toncenter API (Actions, Pending, Emulation, Domains)
🔹 UX improvements + collab with top community products
🔹 Payment… pic.twitter.com/vDtg6w6HVn— TON 💎 (@ton_blockchain) January 27, 2025
With the research phase already complete, the Accelerator Upgrade is scheduled to be introduced to the mainnet in the near term. By the end of the first half of 2025, the TON’s core developers plan to introduce new tools for validators, as their roles get split through the Accelerator upgrade.
Another major upgrade for the Toncoin ecosystem slated for the near future is the introduction of the Payment Network Layer Two (L2) network to enable high-frequency transactions. Moreover, the TON’s ecosystem has been considering introducing the TVM side-chains in the coming months.
Meanwhile, the TON core team has been actively working on the new version of the TOLK 1.0 programming language version to enhance the development of smart contracts ahead.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Let’s talk web3, crypto, Metaverse, NFTs, CeDeFi, meme coins, and Stocks, and focus on multi-chain as the future of blockchain technology. Let us all WIN!