Telegram founder Durov said that more than 700,000 wallets were created on Telegram within 48 hours. According to CoinDesk, $GRAM (formerly Toncoin) is therefore leading the CoinDesk 100, up about 5% since midnight UTC.
My take:
• The number of wallets created is an entry-point metric; it doesn’t equate to active users or retention. The key thing to watch next is actual usage.
• The broader market is moving sideways, and $GRAM is seeing independent momentum thanks to the news catalyst.
• This kind of move can happen fast, and gains can easily be given back once the news fades.
First, watch to see whether wallet numbers continue to grow. Don’t focus only on a single day’s gains.
#Telegram #GRAM
For reference only; this is not investment advice.
My take:
• The number of wallets created is an entry-point metric; it doesn’t equate to active users or retention. The key thing to watch next is actual usage.
• The broader market is moving sideways, and $GRAM is seeing independent momentum thanks to the news catalyst.
• This kind of move can happen fast, and gains can easily be given back once the news fades.
First, watch to see whether wallet numbers continue to grow. Don’t focus only on a single day’s gains.
#Telegram #GRAM
For reference only; this is not investment advice.