Telegram Founder Pavel Durov ( Pavel Durov ) recently drew attention to the fact that, amidst the heavy selling in the crypto market, the cryptocurrency Gram ( GRAM ) of The Open Network ( TON ) has performed exceptionally well.

In his latest post on the social media platform X, Dorov stated that Gram went against the trend and rose by 8% while other major cryptocurrencies were still under pressure.

"The crypto market is in the green. Only Gram has risen by 8%," said this billionaire.

Durov explained that Gram performs better because it has completed integration with Telegram. He believes that, compared to other cryptocurrencies, Gram has a clear advantage by relying on the existing social media ecosystem.

This billionaire entrepreneur is extremely optimistic about the prospects of Gram, stating that it should rightfully be among the top three digital assets in terms of market value.

The founder of Telegram stated that Gram “is still seriously underestimated at present,” and added that he believes Gram will ultimately make it into the top three of CoinMarketCap.

However, Durov's statement that "only Gram is rising" is not entirely accurate.

According to CoinGecko data, the current trading price of Gram is approximately $1.15. In the past 24 hours, Gram has risen by 4.5%. Its market value is currently around $3.28 billion, ranking it 29th.

Of course, Gram is one of the best-performing assets among the major cryptocurrencies, but there are also some altcoins that have recorded even stronger gains. For example, Bitway ( BTW ) has risen by 18.8%, Lighter ( LIT ) has risen by 10.8%, and Internet Computer ( ICP ) has risen by 8.2% in the past 24 hours.

The continuously expanding Gram ecosystem within Telegram

Telegram There have been some important developments in the encryption ecosystem recently.

For example, in June there was a significant change: the native cryptocurrency of TON officially changed its name from Toncoin ( TON ) to Gram ( GRAM ). This means that the project has reverted to the name originally proposed by the Telegram blockchain project. A total of 81.22% of the votes supported this name change, and users do not need to exchange their tokens as a result.

Telegram is also promoting the adoption of its native, self-hosted Gram Wallet, allowing users to send cryptocurrencies directly within this communication app.

On November 9th, Durov stated that within 48 hours, over 700,000 self-hosted wallets were created in Telegram.

The founder of Telegram stated that users can obtain Gram through an automatic activation feature in their wallets, without having to go through a complicated activation process.

This ecosystem has also attracted significant interest from institutions. For example, TON Strategy, a NASDAQ-listed company, stated that as of the end of the third quarter, it held approximately 235.1 million GRAM tokens. The company reported quarterly revenue of $13.1 million on November 10th.