GRAM Update: $1 Held, and Telegram Just Added 1 Million Wallets
In my last post I said that if $1.15 broke, $1 was the next level. That's exactly what played out: $GRAM dipped to around $1.02 on November 9, then bounced hard. It's now near $1.24, up roughly 24% in three days, while most of the market bleeds.
What changed is adoption. On Nov 9, Durov reported 700K+ self-custodial wallets created inside Telegram in 48 hours. Two days later that number passed 1 million, and GRAM became the #1 gainer in the top 100 with +14% in 24h.
Why I think it's still underrated:
🔹 Market cap is only about $3.5B, ranked around #28, for the coin built into an app with over a billion users.
🔹 Price is still about 85% below the $8.25 all-time high.
🔹 A wallet activates the moment someone receives Grams, so there's no onboarding friction.
🔹 Durov calls it "ridiculously undervalued" and says it belongs in the top 3.
Levels I'm watching: resistance at $1.25, and a clean break opens $1.34 and $1.46. Support is $1.15, then $1 again.
One caution: new wallets are not the same as active users, and one green week doesn't end a downtrend. I'm holding spot, no leverage. Not financial advice, DYOR.
#GRAM #Telegram #Durov #TON
In my last post I said that if $1.15 broke, $1 was the next level. That's exactly what played out: $GRAM dipped to around $1.02 on November 9, then bounced hard. It's now near $1.24, up roughly 24% in three days, while most of the market bleeds.
What changed is adoption. On Nov 9, Durov reported 700K+ self-custodial wallets created inside Telegram in 48 hours. Two days later that number passed 1 million, and GRAM became the #1 gainer in the top 100 with +14% in 24h.
Why I think it's still underrated:
🔹 Market cap is only about $3.5B, ranked around #28, for the coin built into an app with over a billion users.
🔹 Price is still about 85% below the $8.25 all-time high.
🔹 A wallet activates the moment someone receives Grams, so there's no onboarding friction.
🔹 Durov calls it "ridiculously undervalued" and says it belongs in the top 3.
Levels I'm watching: resistance at $1.25, and a clean break opens $1.34 and $1.46. Support is $1.15, then $1 again.
One caution: new wallets are not the same as active users, and one green week doesn't end a downtrend. I'm holding spot, no leverage. Not financial advice, DYOR.
#GRAM #Telegram #Durov #TON
