As the grand master Bitcoin, with its majestic value of $102,038 and a whimsical 24-hour volatility of 2.7%, signals an imminent short-term correction, the cryptic Toncoin 🍿, priced at $5.00 with a rather demure 24-hour volatility of 0.6% and a market cap of $12.40 billion, continues its theatrical plunge. On a dreary Monday, January 27, amidst the bustling New York session, Toncoin pirouetted below to $4.9, marking over a 3% drop. Oh, the drama! 🎭
From a perch of technical analysis, the TON price—a captive of an ABC correction in the second wave of the venerable Elliott Wave principle—has been flirting with the lower edges of its falling wedge pattern. Ah, but fear not, for this signals a potential springing rebound. Yet, should TON close consistently below this precarious threshold on the weekly timeframe, prepare your handkerchiefs for further capitulation. 😢
In the event the current support line crumbles, TON may gracelessly tumble to the next significant support, nestled at $4.2. Here lies the fabled 0.786 weekly Fibonacci Extension, a beacon in tumultuous seas. 🌊
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TON Core Developers Ready for a Spectacular 2025! 🚀
With Telegram’s legion of 1 billion fervent users cheering from the sidelines, the TON network has blossomed into a bustling DeFi haven, boasting $289 million in Total Value Locked (TVL) and more than $1.4 billion in stablecoins market cap. Yet, the quest for more organic followers marches on! To enchant users and rivals alike, the illustrious core developers have unfurled a roadmap for spellbinding network updates, set for the grand stage by mid-2025.
From the deep genius cauldrons, nine groundbreaking updates are prophesied to empower the Toncoin realm to challenge the likes of Solana, dancing at $236.4 with its own set of tarot cards. Top of the magical list: the Accelerator upgrade, promising unparalleled scalability and stability. ✨
The TON Core team is brewing BIG updates in H1 2025! Here’s a sneak peek:
🔹 Colossal “Accelerator” Kernel update on Mainnet 🔹Fresh tools for validators🔹Jazzed-up Toncenter API (Actions, Pending, Emulation, Domains)🔹 Slick UX improvements + partnerships with top community products🔹 Payment Network Layer Two…👀
— TON 💎 (@ton_blockchain) January 27, 2025
With research spells complete, the Accelerator Upgrade is set to be conjured into the mainnet very soon. By the end of the first half of 2025, prepare for new validator tools, an untangling of roles post-Accelerator upgrade, and the grand unveiling of the Payment Network Layer Two (L2) for brisk, high-frequency transactions. The Toncoin wizarding team is also contemplating the introduction of the exotic TVM side-chains in the mesmerizing months ahead.
Meanwhile, the core team is meticulously crafting the TOLK 1.0 programming language’s next edition, readying it for the enchanting epoch of smart contract development. 🔮
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2025-01-28 00:18