TON Foundation’s Bold U.S. Expansion Under Trump

The newly elected president, Donald Trump is pro-crypto, and this shift has been witnessed not long before.

Having a prolonged focus on the market of the United States, the TON Foundation targets to keep itself at the forefront of the predicted virtual asset boom.

The ambitious plans, amalgamated with a growing user base and revolutionary blockchain solution, show an important moment for both the foundation and the widened blockchain industry.

An Organisation responsible for developing and supporting the “open network blockchain”, the TON Foundation has plans to spread its wings into the market of the United States, predicting more favorable regulatory conditions under newly elected President Donald Trump.

The expansion strategy of the United States includes the foundation’s designation of Manuel Stotz, founder of Kingsway Capital Partners, as the new president. Stotz will replace Steve Yun, who will be on the board, as per the prominent media outlet, Bloomberg.

It is important to note that Open Network is a blockchain platform that permits 950 million users of Telegram to use services like in-app payments and games, frequently using its native cryptocurrency, Toncoin.

Toncoin price analysis

At the time of writing, the price of Toncoin is $5.42, up around 3.42 % in the last 24 hours, driving its market capitalization to $13.75 billion. In the past 7 days, it was 2.85% up witnessing a slight slump for 2 days.

As per the data available on CoinMarketCap, Ton the widely known crypto has the highest traded at $8.24, and its lowest trading price in the past 52 weeks was $2.02.

TON has continued to prove its relevance in the wider market with a major growth in the market capitalization; per the data available from TradingView its market cap has shown an unprecedented growth of 63.84 percent annually; yet until publishing it was at $13.8 billion, less than 20, 50, 100 and 200 days exponential moving average.

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