Telegram CEO Pavel Durov posted on X on November 11, saying his own token $GRAM is “still severely undervalued” and “deserves to rank among the top three by market cap on CMC.” PANews reported a price of $1.12, up 8.07% in 24 hours; the assets he compared it with were $BTC , down 2.4%, and $ETH , down 4%, over the same period.
An 8% gain amid a broad market decline is nothing extraordinary. What’s worth noting is that the speaker is also the issuer. “The only token natively embedded in a real social ecosystem” is a product description, not a basis for valuation. To talk about a top-three market cap, you first need a circulating supply; here, we only have the unit price.
Only two things hold up: GRAM rose about 8%, and Telegram’s CEO personally assigned it value. Whether it’s undervalued can be assessed once someone puts the circulating market cap on the table.
#GRAM #Telegram #TokenValuation
An 8% gain amid a broad market decline is nothing extraordinary. What’s worth noting is that the speaker is also the issuer. “The only token natively embedded in a real social ecosystem” is a product description, not a basis for valuation. To talk about a top-three market cap, you first need a circulating supply; here, we only have the unit price.
Only two things hold up: GRAM rose about 8%, and Telegram’s CEO personally assigned it value. Whether it’s undervalued can be assessed once someone puts the circulating market cap on the table.
#GRAM #Telegram #TokenValuation