What are the potential consequences of Terra splitting and abandoning collapsed UST in the cryptocurrency market?

3 answers

• Nov 24, 2021 · 3 years ago
  If Terra splits and abandons collapsed UST, it could lead to a significant decrease in the value of UST and a loss of confidence in the Terra ecosystem. This could result in investors selling off their UST holdings, causing a further decline in its price. Other stablecoins may benefit from this situation as investors look for alternative options. Additionally, the reputation of Terra may be negatively affected, making it harder for them to gain trust in the future.
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• Nov 24, 2021 · 3 years ago
  Well, if Terra decides to split and abandon collapsed UST, it's not going to be pretty. The cryptocurrency market is already volatile enough, and this move could create even more chaos. People will start panicking and selling their UST, causing its value to plummet. It's like a domino effect, and other cryptocurrencies might also be affected. It's definitely not a situation you want to be in if you're a Terra investor.
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• Nov 24, 2021 · 3 years ago
  As an expert in the cryptocurrency market, I can tell you that if Terra splits and abandons collapsed UST, it could have serious consequences. Investors will lose confidence in Terra and its stability. This could lead to a mass exodus of UST holders, resulting in a sharp decline in its value. Other stablecoins like USDT and DAI might see an increase in demand as investors seek safer alternatives. It's crucial for Terra to handle this situation carefully to avoid further damage to its reputation and the overall cryptocurrency market.
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