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RE: Crypto Academy Contest / S1W4 – Reviewing the Instability of the Crypto Market by @srrebullient
You have Indeed said well but the fact that you stated that there is even more than 20% possiblity got me wondering
Should people that still have their UST or his sister stable coin Luna still have hope for a miracle??
The fact still remains that in crypto anything is possible.
No one would have believed that Luna and its sister stable coin would crash the way they did but it happened.
In as much as anything is possible in crypto, we shouldn't nullify the fact that certain conditions are to be met before certain things will be possible and in the case of Luna and UST, recovering them back will only require the team to burn out the excessive supply already existing and that will cost a fortune. And even if they are willing to spend a fortune for it, there would still be obstacles based on the fact that most of the current supply ain't in possession of Luna Foundation and for them to get them they will have to convince individuals owners to sell to them which will be a rigorous task.
I'm actually trying to make you understand that there's no absolute impossibility in getting Luna and UST back just that the possibility is very slim therefore I believe they will go with the option of creating a fork out of the existing Luna.