After Pavel Durov promoted the Gram token through his Telegram channel, there has been a noticeable increase in interest and a rise in the number of new wallets created. The fact that the founder is actively involved in promoting his token is sparking new conversations about Gram’s status and the potential the token holds.
Durov’s Campaign Spurs Ecosystem Growth
In the latest episode of Pro Blockchain Media Live, Pavel Durov appeared to have stepped up his efforts, heavily promoting the Gram token through his Telegram channel. The Gram token promotion has led to an increase in wallet creation, which is a good sign that the community is becoming more engaged. Pavel Durov’s promotion of his token has led some to compare him to Elon Musk, who also promoted the Dogecoin token.
In the channel, viewers have noticed that since Durov began promoting Gram, there has been an increase in activity and a lot more people seem interested in Gram. The heavy promotion by Pavel Durov is believed to be an effort to raise the profile of Gram and encourage more people to adopt the token.
Market Performance: Recent Boost and Lingering Losses
The Gram token’s performance in the market also appears to be responding to Pavel Durov’s efforts. Following the Gram token promotion, the token experienced a price increase of around 4-5%. However, as the host of Pro Blockchain Media Live pointed out, the token is still down 85.6% from its all-time high of $8.25, and is currently trading at $1.19. This highlights the risks associated with the token, and the presenter of the show even noted that he is down 30% on his Gram holdings, despite the hype.
The Gram token is currently ranked 26th or 27th on CoinMarketCap, which shows that it is receiving moderate recognition but is still far from the top in the crypto space. However, Pavel Durov believes that Gram is undervalued and thinks it has the potential to be among the top 3 cryptocurrencies by market cap.
Regulatory Roadblocks and Rebranding
It is worth noting that Pavel Durov originally wanted to launch the token as TON, but due to regulatory pressure, had to rebrand it as Gram. The regulatory challenges are something the team has faced in the past, and Gram is currently in a new phase of development. In this phase, Pavel Durov appears to be more determined than ever to bring the token into the mainstream.
With his brand name and presence on social media, Durov is hoping for a comeback for Gram, similar to what we have seen with other prominent crypto personalities. It remains to be seen whether this strategy will work, but the Gram token promotion is certainly stirring the market and sparking conversations among traders and investors.
This article reflects the channel author’s opinion and is not investment advice.
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