Should I consider purchasing $LUNA and $LUNC now?🤯
In recent developments, both Terra Luna and Terra Classic ($LUNC ) have seen notable price increases of over 20%. The catalyst behind this rise was the decision of the Supreme Court of Montenegro to release Terra co-founder Do Kwon. This news instilled optimism among investors and holders about Terra's future prospects.
Do Kwon's possible return to the cryptocurrency field raises expectations of new developments within the Terra ecosystem, which could add more value to the tokens. However, the exact nature of their re-entry remains uncertain; Whether this is about building on Terra's existing framework or launching something entirely new remains to be seen. Despite the controversy surrounding Do Kwon's past actions, many consider him to be a very intelligent and visionary leader, which sets him apart from other founders.
Furthermore, the separation of Terraform Labs from the Terra Classic chain has generated increased trading activity and bullish sentiment within the LUNC community. Additionally, the next major update scheduled for the Terra Luna Classic chain, including the introduction of IBC-Hooks, is expected to improve Luna Classic dApps in terms of onboarding, security, functionality, and interoperability.
While personal sentiments may lean towards being more optimistic about LUNA compared to $LUNC, the ripple effects of these developments are expected to impact both tokens. Investors evaluating their options may want to consider whether it is worth following Do Kwon's lead once again, which could influence their decision to hold $LUNA. Alternatively, there may be opportunities to capitalize on the short-term hype around these events.
