Pavel Durov Calls GRAM ‘Ridiculously Undervalued’ After 8% Surge

Telegram CEO Pavel Durov has said that The Open Network’s native GRAM token is undervalued and predicted that it will eventually rank among CoinMarketCap’s three largest cryptocurrencies. This was after GRAM gained about 8% on November 11, while pretty much every other asset above it, including Bitcoin and the top 10 altcoins by market cap, traded lower. Durov Says GRAM Is the Only Coin Rising in a Red Market “Crypto’s a sea of red. Only GRAM is up +8%,” Durov wrote in a post on X. This was accompanied by a market snapshot showing coins like LTC, AVAX, SUI, and HBAR, all losing between 1.70% and 3.57% while GRAM was trading at approximately $1.12, with an 8.65% gain and a market cap of $3.21 billion.

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