Toncoin (TON) is down over 24% year-to-date. The altcoin has closed the last three consecutive months in the red as broader crypto market sentiment weakens and investor risk appetite fades.
TON received a speed upgrade, Pavel Durov said, as Telegram's linked blockchain moves toward sub-second finality on April 10.
TON launched Catchain 2.0 on Thursday, cutting block times to 400ms and settlement to about 1 second, aiming to make Telegram-linked apps feel instant.
TON mainnet introduces sub-second finality starting April 10, enabled by Catchain 2.0, reducing confirmation times to near-instant execution. The upgrade increases block production roughly 6× and improves throughput, supporting Telegram's ecosystem of over 1 billion users.
The Toncoin price has been plunging since the rejection that it faced in the first few days of the year. The token continued to form consecutive lower highs and lows as bears held a tight grip over the rally.
Toncoin rose 5% to $1.30 after Pavel Durov said TON activated Catchain 2.0, boosting block speed and sub-second confirmations.
Transactions on the Open Network layer-1 blockchain protocol previously took about 10 seconds to settle before the Catchain 2.0 consensus upgrade.
TON, the Telegram-focused blockchain, said the network upgrade will deliver sub-second finality on mainnet starting April 10.
Toncoin trades at $1.23 with neutral RSI at 42.88. Technical analysis suggests potential bounce to $1.30 resistance level within 30 days if bulls break current consolidation pattern.
Toncoin shows bullish momentum with RSI at 50.94 and trading above key support. Technical analysis suggests TON could reach $1.30-$1.60 by month-end if bulls break $1.30 resistance.
The “Sub-Second mainnet” activation, scheduled between March 31 and April 12, seeks to drastically optimize the network's speed and scalability. The asset is currently trading near $1.23, facing critical resistance at $1.34 after a 2.5% drop in the last 24 hours.
Toncoin's (TON) price has reached the 21-day SMA barrier and is now retreating towards its critical support level of $1.20.