The TON blockchain has introduced update v2024.10 and FunC 0.4.5 to enhance network performance, raising hopes for Toncoin’s price to reach $20.
Key Points:
- TON blockchain rolls out v2024.10 and FunC 0.4.5 to boost network efficiency.
- This update addresses critical vulnerabilities, driving optimism for Toncoin, the blockchain’s native asset.
- Recent improvements may propel Toncoin’s price toward $20.
In a move to bolster network resilience, the TON blockchain team has implemented a major update, v2024.10 and FunC 0.4.5, focusing on performance, efficiency, and reliability. As part of this update, enhancements to synchronization speed and garbage collection benefit systems with slower disk speeds. Additionally, reduced network traffic and improved channel creation enhance overall system responsiveness.
The FunC update resolves code execution bugs, and minor tweaks to the TVM enhance network functionality. These upgrades have captured attention, fueling increased interest in Toncoin across the crypto market.
Could Toncoin Reach $20 with These Network Upgrades?
While Toncoin is currently experiencing bearish trends, aligning with broader market declines, recent developments may shift market sentiment. Currently priced at $4.83 with a 2% dip, Toncoin’s weekly and monthly charts show declines of 5% and 12%, respectively. However, CoinGape Media’s recent analysis suggests a potential rally to $20 in light of the network’s advancements, increasing token holders, and favorable technical indicators.
