Gram Jumps 8% While the Market Bleeds Red — $GRAM
Gram is today's brightest coin. $GRAM is up about 8% in 24 hours to around $1.20, leading the CoinDesk 100 — on a day when Bitcoin hovered near $74,000 and most of the market fell.
What happened: Telegram founder Pavel Durov posted on X that "Crypto's a sea of red. Only Gram is up +8%," calling Gram "ridiculously undervalued" and saying it belongs among the top 3 coins by market cap. The buzz follows his Nov 9 announcement that more than 700,000 self-custodial Gram wallets were created inside Telegram in just 48 hours — later reports put the number above 1 million.
What it means: Gram is the renamed Toncoin (renamed in June 2026), the coin of The Open Network, built into Telegram. The rally broke a downtrend that had dragged it from $1.73 in late September to a low near $0.99 earlier this month. But the honest side: Gram is still about 86% below its all-time high of $8.24, and the wallet count includes wallets created automatically — not necessarily active users.
Levels to watch: Resistance sits at $1.27, where the 50-day average meets a key retracement level — a daily close above it would be the first real sign the rally has legs. Support is near $1.09 (today's low), then $0.99. If $1.27 holds as a ceiling, the move may cool off.
Do you think Gram's Telegram wallet boom can push it past $1.27, or is this just a one-day bounce?
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #Gram #Telegram
Gram is today's brightest coin. $GRAM is up about 8% in 24 hours to around $1.20, leading the CoinDesk 100 — on a day when Bitcoin hovered near $74,000 and most of the market fell.
What happened: Telegram founder Pavel Durov posted on X that "Crypto's a sea of red. Only Gram is up +8%," calling Gram "ridiculously undervalued" and saying it belongs among the top 3 coins by market cap. The buzz follows his Nov 9 announcement that more than 700,000 self-custodial Gram wallets were created inside Telegram in just 48 hours — later reports put the number above 1 million.
What it means: Gram is the renamed Toncoin (renamed in June 2026), the coin of The Open Network, built into Telegram. The rally broke a downtrend that had dragged it from $1.73 in late September to a low near $0.99 earlier this month. But the honest side: Gram is still about 86% below its all-time high of $8.24, and the wallet count includes wallets created automatically — not necessarily active users.
Levels to watch: Resistance sits at $1.27, where the 50-day average meets a key retracement level — a daily close above it would be the first real sign the rally has legs. Support is near $1.09 (today's low), then $0.99. If $1.27 holds as a ceiling, the move may cool off.
Do you think Gram's Telegram wallet boom can push it past $1.27, or is this just a one-day bounce?
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #Gram #Telegram
