The Meaning and Impact of the Do Kwon Case
Do Kwon's trial indicates that the collapse of the Terra ecosystem is linked to fraud allegations. The statements made in court and the decisions reached strengthen suspicions that manipulative actions are behind the significant losses experienced by investors. This process proves once again how critical the need for transparency and regulation is, not only for Do Kwon but also for the cryptocurrency markets.
Investor Confidence: Such cases can undermine the overall confidence in the future of cryptocurrencies. Investors may begin to approach new projects more cautiously.
Regulatory Pressure: The Do Kwon case provides an important justification for regulators to impose stricter rules in the cryptocurrency world. This may herald steps to prevent similar incidents in the future.
Pressure on LUNC and USTC: While legal processes continue, there is a constant uncertainty and pressure surrounding these tokens. Court decisions may have a direct impact on the prices of the tokens.
High Price Expectations for LUNC and LUNA
Some investors and community members claim that LUNC could reach 1 dollar or that LUNA could rise above 100 dollars. It is important to evaluate these expectations based on technical and economic realities.
The Probability of LUNC Reaching 1 Dollar: The price of LUNC reaching 1 dollar is extremely difficult, considering the current supply amount. The circulating supply of LUNC has reached trillions of tokens. For it to reach a price of 1 dollar, its market value would also need to rise to trillions of dollars, which does not seem realistic at this time. However, the tokens burned by the community (token burn) and the developments made may have a positive impact on the price. Nevertheless, a very long time and an extraordinary increase in demand are required to reach 1 dollar.
