Notcoin Token Sees 10% Surge Following US Expansion Announcement
The Notcoin token experienced a significant price jump of 10% after its founder, Sasha Plotvinov, announced the token’s expansion into the US market. This news sparked excitement among speculators, with the token briefly touching $0.0032 before pulling back to $0.003.
Plotvinov shared the announcement on February 13, stating that “Notcoin will become available for US market tomorrow.” Although he did not provide further details or specify the platform on which the token would be available, the news was enough to generate buzz among holders and speculators.
The US expansion comes at a time when another Telegram-backed blockchain ecosystem, The Open Network, is also looking to establish a presence in the country. The TON Foundation, closely tied to Telegram Messenger, plans to enter the US market, citing expectations of a more favorable regulatory environment.
TON Foundation’s Expansion Strategy
As part of its expansion strategy, the TON Foundation recently appointed Manuel Stotz, founder of Kingsway Capital Partners, as its new president. Stotz replaces Steve Yun, who will remain on the board. The foundation’s move into the US market marks a significant step forward, given the challenges it faced in the past.
Previously, Telegram’s attempt to raise funds for its blockchain project was met with resistance from US regulators, leading to a settlement with the Securities and Exchange Commission in 2020. As a result, Telegram discontinued its involvement with the TON blockchain and agreed to return $1.2 billion to investors and pay an $18.5 million civil penalty.
The Notcoin token’s US expansion and the TON Foundation’s plans for the US market are significant developments in the world of cryptocurrency and blockchain. As the regulatory environment continues to evolve, it will be interesting to see how these projects navigate the US market.
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