With new crypto regulations, the TON blockchain aims to strengthen its position in the U.S. market.
TON’s U.S. Expansion Plans
As reported by Bloomberg on January 14, the TON Foundation, which oversees the blockchain, has set its focus on the U.S. market, seeing it as a future hub for crypto innovation. Optimism is fueled by President-elect Donald Trump's promise to make the U.S. the crypto capital of the world. Leading the expansion, the new foundation president Manuel Stotz brings extensive experience from Kingsway Capital Partners.
Toncoin’s Growing Adoption
Toncoin, the native cryptocurrency of the TON blockchain, powers a variety of services within Telegram, such as in-app payments and games. Telegram's over 950 million active users give Toncoin a unique market advantage. The U.S. expansion targets the growing adoption of Toncoin, whose value continues to rise. The Trump administration offers favorable conditions for projects like TON, contrasting with the previous administration's regulatory approach.
Toncoin Price Reaction
As the TON Foundation's U.S. expansion gains traction, Toncoin has experienced a notable price increase. The current price is $5.36, following a 3.46% rise over the last 24 hours. This price surge reflects a positive reaction to the news of Telegram's blockchain entering the U.S. market.
The TON blockchain's U.S. expansion is backed by a more favorable crypto environment and increasing Toncoin popularity. Continued growth may lead to further price increases and demand expansion.
