Cryptocurrency Gram from Telegram may significantly rise in price after launching TON
Cryptocurrency Gram, which during ICO Telegram acquired investors can rise several times after start blokcheyn platform Telegram Open Network (TON), believed analysts.
This should be facilitated by access to markets not originally related to the blockchain , including VPN and DNS services. However, a platform with a small development team is waiting for competition with IT giants and “blockchain-unicorns,” investors warn.
The blockchain platform TON, which was raised by $ 1.7 billion during the closed ICO Telegram, may compete with companies in several areas at once, analysts at investment company Hash CIB say in a report.
Among the components of the platform, referred to in its documents, are cloud storage, DNS service (distributed system for obtaining information about domains) and anonymizer – in each of these areas the platform can take up to 10% of the global market by 2026, analysts say.
At the beginning of 2018, TON received funds from 175 investors, each of which received tokens, which are subsequently planned to be exchanged for Gram cryptocurrency in a one-to-one ratio.
- It is planned to issue 5 billion tokens in total, of which 2.89 billion have already been sold to investors.
- At the first stage of ICO, the cost of each was $ 0.38, at the second – $ 1.33.
- In the Hash CIB model, the rational cost of the Gram token can be $ 5.9, which is 4.4 times higher than the price of $ 1.33.
The assessment may not reflect the real cost of cryptocurrency, since it is based on factors and risks that may not occur in the future, the report indicates.
“The market will not evaluate Telegram rationally ,” stresses senior analyst at Hash CIB, Rustam Botashev.
As we have already reported, venture investor Tim Draper confirmed his prediction made in April 2018. A professional financier believes that the price of Bitcoin (BTC) will reach $ 250,000 by 2022.