TON Blockchain Fixes Two Critical Vulnerabilities, Toncoin Price To $20?

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As a seasoned analyst with over two decades of experience in the ever-evolving world of cryptocurrencies, I’ve seen my fair share of market ups and downs. The recent update by TON blockchain development team, fixing critical network vulnerabilities, is indeed a significant step forward for the ecosystem. The enhancements in speed, efficiency, and reliability are undoubtedly enticing and could potentially attract more participants to the Toncoin market.

As a researcher, I’m excited to share that the TON blockchain development team has recently unveiled an update aimed at bolstering optimism within our community. They’ve addressed critical network vulnerabilities with the release of version 2024.10 and FunC 0.4.5. These updates are designed to improve performance, efficiency, and overall reliability across our ecosystem. With this significant advancement, I find myself wondering alongside other market participants if Toncoin‘s price might surge towards the $20 mark.

TON Blockchain Fixes Network Vulnerabilities Igniting Market Optimism

According to the latest GitHub announcement, the TON blockchain implemented updates v2024.10 and FunC 0.4.5 a few days ago. This update brought about numerous groundbreaking changes within The Open Network infrastructure. In summary, the network now boasts improved synchronization speed and garbage collection (GC), which is advantageous for systems using slower disks.

Furthermore, the system upgrade reduces network congestion by limiting the data sent across the network, thereby boosting efficiency. At the same time, this update facilitates effortless channel formation and searching for Distributed Hash Tables (DHT), thus improving network agility.

Furthermore, this update resolves an issue within FunC, thereby improving code execution and accuracy on the TON blockchain. Additionally, it spotlights minor adjustments made to TVM, which boosts network capabilities. Collectively, these improvements in the ecosystem, along with other recent advancements, have attracted significant market focus towards Toncoin throughout the crypto industry.

Can Toncoin Price Hit $20 Amid Network Advancements?

Today, Toncoin is experiencing a downtrend, mirroring the broader crypto market performance. At this moment, the TON price has dipped approximately 2%, settling at $4.83. Over the last 24 hours, the coin’s lowest and highest prices were $4.77 and $4.95 respectively.

Significantly, the cryptocurrency’s weekly price graph demonstrated a 5% decrease in value, while its monthly chart revealed a 12% fall. However, despite the crypto’s downward trend, there seems to be a change in market expectations regarding future trends due to recent developments.

Additionally, a recent Toncoin price prediction by CoinGape Media has suggested that the token could reach a value of $20 in the current bull market. This optimistic forecast is supported by an increase in token holders and favorable market conditions, fostering confidence in the crypto’s potential future trends.

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2024-11-01 11:33