Recent hot topic in the cryptocurrency circle: What would happen if #DoKwon returned?
If Do Kwon returns with a reliable plan to revive Terra with permission, the short-term market reaction would be as crazy as a roller coaster. Once the news breaks, the market may be swept by excitement, and traders may rush to buy due to FOMO (fear of missing out), causing LUNA/USTC prices to potentially soar by 500-1000%.
Exchanges may relist the tokens, increasing market liquidity. Early investors who bought a large number of tokens at a super low price (e.g., $0.0001) after the crash could make a fortune if the price rises to $0.01 - $0.10. However, those who held tokens before the crash are not so lucky; with an excessively inflated supply, it would be difficult for them to recover their losses.
The community would be excited, and developers might regain interest in Terra. However, the split between the Terra Classic (LUNC/USTC) and Terra 2.0 (LUNA) communities could lead to volatility, making the market difficult to predict.
As the market continues to change, we need to closely monitor market signals and seize new entry opportunities. Stay tuned, and let’s navigate the bull market together to grab this major opportunity!
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