Telegram Founder Durov Says GRAM Is Undervalued, Will Reach Top 3 by Market Cap
Summary
- Pavel Durov said GRAM is undervalued and will enter the top three digital assets by market capitalization.
- Durov said GRAM is the only cryptocurrency integrated into a major social media platform and that its current price is absurdly undervalued.
- GRAM was trading at $1.19, up 4.07% from a day earlier, according to CoinMarketCap.
Forecast Trend Report by Period
Pavel Durov, Telegram’s founder and chief executive officer, said GRAM is undervalued and will eventually become one of the top three digital assets by market capitalization.
Wu Blockchain, a media outlet focused on digital assets, reported on November 12 that Durov wrote on his Telegram channel that GRAM is “the only cryptocurrency integrated into a major social media platform” and that its current price is “absurdly undervalued.”
He added that GRAM deserves to be among the top three cryptocurrencies by market value and said he is confident it will ultimately reach that position.
Durov also pointed to growing use of GRAM wallets on Telegram. More than 1 million self-custody GRAM wallets were activated on the platform over the past 48 hours, he said.
As of 12:36 p.m., GRAM was trading at $1.19, up 4.07% from a day earlier, according to CoinMarketCap.
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