TON's price movement today is largely influenced by the announcement of its ambitious roadmap for the first half of 2025, which includes the launch of a layer-2 payment network. This development is part of The Open Network's strategy to enhance scalability and interoperability, with plans to introduce features like shardchain tracking optimization and trustless bridging between Toncoin and Bitcoin. The roadmap also highlights a renewed partnership with Telegram, which is expected to boost TON's prospects. "The TON Core team is bringing BIG updates in H1 2025!" the team posted, indicating the significance of these developments.
Despite the positive news surrounding TON's roadmap, the broader cryptocurrency market is experiencing significant sell-off pressure due to external factors, such as the market shakeout triggered by DeepSeek AI's announcement. This has led to nearly $1 billion in liquidations across the crypto market, affecting major cryptocurrencies like Bitcoin and Ethereum. The sell-off in risk assets, including cryptocurrencies, is attributed to concerns over U.S. dominance in the AI sector being challenged by DeepSeek, a Chinese AI system.
TON's price has shown resilience amidst the broader market downturn, with a 1.35% increase today. The cryptocurrency reached a high of $5.004932, reflecting investor optimism about its future developments.