If Ga Thomo becomes centralized, the government's fear might somehow be lessened, since there is a way for the government to control Ga Thomo, then it is possible that the government will hasten the adoption of Ga Thomo.  Thus there will be more infrastructure that will be build around Ga Thomo and people have way more options to access and use Ga Thomo thus, adoption will increase.  When there is an increase in adoption, demand will be affected directly, thus price might increase in the long run. There might be some negative reaction, which might affect the market.  Its effect depends on how these negative reactions convince people, but in market history, if the negative reaction is not that powerful, it will only die naturally, thus the negative sentiment of the market will diminish, and the market will return to its original state. We can take a look at Ga Thomo when it transitions from POW to PoS, at first, there is this heavy negative reaction to the point of forking the network that produces two Ga Thomo, the one that stays as PoW and the other one that implements the PoS.  At the end of the day, the one supported by the main developer became the majority and later the negative reaction on PoS Ga Thomo just died down. Indeed, the worst scenario is that Ga Thomo will drop significantly in the long run, but I do not think that Ga Thomo price will surge upon the implementation of centralization, it is most likely to crash due to conflict of interests.  From there, if it failed to recover, then Ga Thomo will indeed drop significantly in the long run and probably become worthless.  But if the market recovers and surges, I do not think the scenario you stated will take place, after all the the recovery and surges shows that Ga Thomo community have accepted the changes.
If Ga Thomo becomes centralized, the government's fear might somehow be lessened, since there is a way for the government to control Ga Thomo, then it is possible that the government will hasten the adoption of Ga Thomo.  Thus there will be more infrastructure that will be build around Ga Thomo and people have way more options to access and use Ga Thomo thus, adoption will increase.  When there is an increase in adoption, demand will be affected directly, thus price might increase in the long run. There might be some negative reaction, which might affect the market.  Its effect depends on how these negative reactions convince people, but in market history, if the negative reaction is not that powerful, it will only die naturally, thus the negative sentiment of the market will diminish, and the market will return to its original state. We can take a look at Ga Thomo when it transitions from POW to PoS, at first, there is this heavy negative reaction to the point of forking the network that produces two Ga Thomo, the one that stays as PoW and the other one that implements the PoS.  At the end of the day, the one supported by the main developer became the majority and later the negative reaction on PoS Ga Thomo just died down. Indeed, the worst scenario is that Ga Thomo will drop significantly in the long run, but I do not think that Ga Thomo price will surge upon the implementation of centralization, it is most likely to crash due to conflict of interests.  From there, if it failed to recover, then Ga Thomo will indeed drop significantly in the long run and probably become worthless.  But if the market recovers and surges, I do not think the scenario you stated will take place, after all the the recovery and surges shows that Ga Thomo community have accepted the changes.

If Ga Thomo becomes centralized, the government's fear might somehow be lessened, since there is a way for the government to control Ga Thomo, then it is possible that the government will hasten the adoption of Ga Thomo.  Thus there will be more infrastructure that will be build around Ga Thomo and people have way more options to access and use Ga Thomo thus, adoption will increase.  When there is an increase in adoption, demand will be affected directly, thus price might increase in the long run. There might be some negative reaction, which might affect the market.  Its effect depends on how these negative reactions convince people, but in market history, if the negative reaction is not that powerful, it will only die naturally, thus the negative sentiment of the market will diminish, and the market will return to its original state. We can take a look at Ga Thomo when it transitions from POW to PoS, at first, there is this heavy negative reaction to the point of forking the network that produces two Ga Thomo, the one that stays as PoW and the other one that implements the PoS.  At the end of the day, the one supported by the main developer became the majority and later the negative reaction on PoS Ga Thomo just died down. Indeed, the worst scenario is that Ga Thomo will drop significantly in the long run, but I do not think that Ga Thomo price will surge upon the implementation of centralization, it is most likely to crash due to conflict of interests.  From there, if it failed to recover, then Ga Thomo will indeed drop significantly in the long run and probably become worthless.  But if the market recovers and surges, I do not think the scenario you stated will take place, after all the the recovery and surges shows that Ga Thomo community have accepted the changes.

If Ga Thomo becomes centralized, the government's fear might somehow be lessened, since there is a way for the government to control Ga Thomo, then it is possible that the government will hasten the adoption of Ga Thomo.  Thus there will be more infrastructure that will be build around Ga Thomo and people have way more options to access and use Ga Thomo thus, adoption will increase.  When there is an increase in adoption, demand will be affected directly, thus price might increase in the long run. There might be some negative reaction, which might affect the market.  Its effect depends on how these negative reactions convince people, but in market history, if the negative reaction is not that powerful, it will only die naturally, thus the negative sentiment of the market will diminish, and the market will return to its original state. We can take a look at Ga Thomo when it transitions from POW to PoS, at first, there is this heavy negative reaction to the point of forking the network that produces two Ga Thomo, the one that stays as PoW and the other one that implements the PoS.  At the end of the day, the one supported by the main developer became the majority and later the negative reaction on PoS Ga Thomo just died down. Indeed, the worst scenario is that Ga Thomo will drop significantly in the long run, but I do not think that Ga Thomo price will surge upon the implementation of centralization, it is most likely to crash due to conflict of interests.  From there, if it failed to recover, then Ga Thomo will indeed drop significantly in the long run and probably become worthless.  But if the market recovers and surges, I do not think the scenario you stated will take place, after all the the recovery and surges shows that Ga Thomo community have accepted the changes.