Future

Rally

Major

<p style="text-align: justify">Gram (GRAM), the cryptocurrency previously known as <a href="https://en.coin-turk.com/telegram-launches-vaults-to-let-users-earn-passive-crypto-income-inside-wallet/" rel="noopener noreferrer nofollow">Toncoin</a>, registered a sharp decline of about 6% on November 13, even as Telegram founder Pavel Durov expressed optimism that the token could become one of the three largest cryptocurrencies globally.</p>
<h2 id="durov-s-prediction-fails-to-sustain-gram-rally">Durov’s Prediction Fails to Sustain GRAM Rally</h2>
<p style="text-align: justify">GRAM dropped to the $1.12–$1.15 range after reaching as high as $1.26 earlier in the week. The reversal erased much of the gains fueled by Durov’s recent public support and the increasing adoption of Telegram’s integrated crypto wallet.</p>
<p style="text-align: justify">On November 10, Durov referred to GRAM as a significantly undervalued asset, highlighting its integration with the Telegram messaging app as a unique strength compared to competing digital currencies.</p>
<blockquote>
 <p>In Durov’s view, GRAM’s connection to Telegram creates what he called a “natural advantage” over other cryptocurrencies, and he suggested that this link could help GRAM reach the top 3 in global market capitalization, though he did not specify a timeline or target valuation.</p>
</blockquote>
<p style="text-align: justify">GRAM’s recent advance followed a recovery from lows near $0.99 on November 9, when overall weakness in the crypto market drove the token toward price levels last seen in 2022.</p>
<p style="text-align: justify">Durov also announced that over one million self-custodial Gram wallets had been activated within 48 hours on Telegram, a messaging platform used by over 800 million global users.</p>
<p style="text-align: justify">This milestone built upon Telegram’s earlier TON wallet rollout, a move that introduced integrated cryptocurrency functionality to American users for the first time.</p>
<p style="text-align: justify">However, Durov emphasized that the wallet activation milestone does not directly equate to purchasing or long-term holding of the GRAM token, since wallets become active when they receive GRAM, regardless of the user’s ongoing activity.</p>
<p style="text-align: justify">Market analysts attribute GRAM’s price decline to a combination of overall crypto market weakness and skepticism about whether platform-based adoption directly translates into lasting buying interest.</p>
<p style="text-align: justify">GRAM has displayed significant price swings since Telegram increased its involvement with The Open Network, an initiative originally designed to expand blockchain solutions for mass use.</p>
<p style="text-align: justify">In May, GRAM surged approximately 65% after Durov outlined Telegram’s plans to play a greater role in TON governance and crypto infrastructure.</p>
<p style="text-align: justify">That surge coincided with blockchain upgrades delivering faster block production and lower transaction fees.</p>
<p style="text-align: justify">Meanwhile, the June rebranding from Toncoin to Gram drew added attention, though no token swap or blockchain change was required for holders.</p>
<p style="text-align: justify">Despite this continued activity—such as Telegram’s proposal for the .gram domain name service—GRAM prices have softened, moving well below the June 2024 high of about $8.25, as technical selling pressure outweighs headline-driven rallies.</p>
<p style="text-align: justify;background: linear-gradient(135deg,#ffffff 0%,#fffdf9 100%);border:1px solid #f1e4d8;border-left:4px solid #F69434;padding:14px 16px;border-radius:12px;color:#1e293b;font-size:15px;line-height:1.7">Mini dictionary: The Open Network (TON) is a blockchain platform initially developed by Telegram to support a high-throughput network for decentralized applications and payments, aiming for mass-scale adoption within popular messaging platforms.</p>
<h2 id="key-technical-levels-in-focus-for-gram">Key Technical Levels in Focus for GRAM</h2>
<p style="text-align: justify">Analysts indicate that GRAM’s short-term outlook centers on its ability to remain above the $1.10–$1.12 support range following the recent sell-off.</p>
<p style="text-align: justify">A decisive breach below these levels could lead to a retest of $1.06, and possibly the psychologically important $1 support, which attracted buyers during the sharp November 9 decline.</p>
<p style="text-align: justify">Should GRAM stabilize above $1.12, a recovery toward $1.20–$1.23 is possible, with the recent $1.26 peak serving as the next upside technical target.</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th>Price Level</th>
   <th>Significance</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>$1.26</td>
   <td>Recent high, upside resistance</td>
  </tr>
  <tr>
   <td>$1.20–$1.23</td>
   <td>Intermediate resistance</td>
  </tr>
  <tr>
   <td>$1.12</td>
   <td>Current support threshold</td>
  </tr>
  <tr>
   <td>$1.06</td>
   <td>Potential support, if $1.12 breaks</td>
  </tr>
  <tr>
   <td>$1.00</td>
   <td>Major psychological support</td>
  </tr>
 </tbody>
</table>
<p style="text-align: justify">Future developments in Telegram’s wallet ecosystem and actual user transaction volumes are likely to play a key role in shaping GRAM’s long-term price trend.</p>
<p style="text-align: justify">Periods of TON market volatility in the past have shown how quickly sentiment can shift, even in the face of continuing infrastructure improvements.</p>
<blockquote>
 <p>The path forward for GRAM now depends on whether Telegram’s efforts to integrate self-custodial crypto wallets will lead to real usage and steady token demand, rather than just temporary interest tied to new feature rollouts.</p>
</blockquote>
<p>The post <a href="https://en.coin-turk.com/gram-falls-6yuzde-after-durov-forecasts-top-3-spot-struggles-to-hold-1-12/" rel="noopener noreferrer nofollow">GRAM falls 6% after Durov forecasts top-3 spot, struggles to hold $1.12</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

GRAM falls 6% after Durov forecasts top-3 spot, struggles to hold $1.12

Table of Contents

COINTURK NEWS

Other articles published on Nov 13, 2026

Join our free newsletter for daily crypto updates!