[Recent Focus: TON]

I have been paying attention to TON recently, mainly for three reasons:
1. xchat is about to be released, which might impact the Telegram market accordingly
2. Telegram founder Durov announced the "MTONGA Seven-Step Plan"
3. TON tokens have been at a bottom level
Let's go through each one:
Recently, TG released a small update, which is: officially built-in "Simplified Chinese" language in TG, along with a translation button.
This is a wise update, proving that TG is taking Chinese users seriously, and also a counterattack before xchat's release, with the second goal: retaining users and preventing migration.
Secondly, on April 9, Telegram founder Durov announced the first step of the MTONGA Seven-Step Plan:
· The TON blockchain has increased speed by 10 times. Transaction speed has increased 6-fold, achieving sub-second transaction confirmation.
MTONGA stands for "Make TON Great Again," aiming to make TON great again. Currently, it is an upgrade led personally by Durov for the TON network.
It consists of 7 steps in total. The first step has been completed, and the second step—"reducing transaction fees by another 6 times"—is already in progress, according to Durov. The remaining steps 3-7 have not been announced yet.
What is the significance of the MTONGA plan? I think there are a few points:
1. Core significance: Previously relying on Durov's charisma and Telegram traffic, now shifting to infrastructure-driven: first make the chain fast and cheap, and once the product is good, users will naturally spread it (this is Telegram's strategy from 0 to 1 billion).
2. Technical significance: The TON network repeatedly updates "transaction speed and fee reduction," making TON no longer exclusive to professional players, allowing ordinary people to use it.
3. Ultimate significance: Leveraging Telegram's 1 billion users to turn TON into a default "wallet + payment + social" tool on everyone's phone, attracting the next billion users to go on-chain.
Returning to the TON token itself, currently:
· Price: $1.40
· Market cap: $3.5 billion
· FDV: $7.2 billion
On the K-line:
From the high of $8, it has completed about 80% of the decline and shakeout.
After Durov announced MTONGA, the price rebounded about 5% in the short term, but there was no significant rally, possibly still in accumulation phase.
Currently, breaking through the 1.45 resistance level will likely lead to a decent rally.