Should you buy $LUNA and $LUNC now?
Recently, both Terra Luna $LUNA and Terra Classic $LUNC prices increased by more than 20%. This is because the Supreme Court of Montenegro ordered the release of Terra co-founder Do Kwon, which seems to make a lot of people and holders optimistic about Terra's future.
If Do Kwon returns to the crypto space, this could mean that Terra LUNA could see new developments and add value to the token, similar to what it did in the past with the ecosystem. Terra Thai. Or he could launch something new, no one knows. I feel Do Kwon's fall is different from FTX's SBF, and also Su Zhu & Kyle Davis. Do Kwon is a very smart and visionary leader compared to most founders. But he caused a $40 billion crash in the cryptocurrency market, and we will learn more over time as we explore the trials, whether Do Kwon was involved in dirty deeds or not. Are not.
Although Terraform Labs has also split from the Terra Classic chain, this news also led to a notable increase in trading activity and optimism in the LUNC community. Furthermore, the Terra Luna Classic series will be making a major upgrade next week, including the introduction of the highly anticipated IBC-Hooks. This will help upgrade the integration, security, functionality and interoperability of Luna Classic dApps.
Personally, I'm more optimistic about LUNA than LUNC, but I feel the effects will be widespread regardless. If you feel like Do Kwon is a leader you'll want to follow again, holding LUNA might not be a bad choice. Or you can instead take advantage of the short-term hype.
