Everything rises and falls on the shoulders of the leadership, but which leaders should bear the responsibility for the massive dumping of Terra Network? Several crypto tokens like SafeMoon have been bearish in the past few days due to the Federal Reserve’s rate hike. The Terra network has been one of the most reliable networks in the crypto industry over the past year. Should the TERRA Network leadership be held accountable? Or the leadership of the Federal Reserve, which raised the interest rate to counter inflation?
As of the time of writing this article, SafeMoon is trading at SFM/USDT at www.gate.io Top 10 global cryptocurrency exchanges at $0.0004305 and up 7.73% in the last 24 hours. The overall cryptocurrency market is bearish, but SafeMoon has been bullish for the past 24 hours. Terra Network should be one of the strongest cryptocurrencies as it is among the top 10 performing cryptocurrencies, but in a few days, it has fallen by more than 95%. A lot of Luna token holders were liquidated within a few hours. Since SafeMoon has been bullish over the past 24 hours, it shows that investors still have faith in SafeMoon, and the SafeMoon leadership should do everything in their power to ensure that the SafeMoon token remains relevant.
Law of Cause and Effect – Fall of Leadership Decisions (H2)
Luna has fallen from its top 10 as one of the best performing cryptocurrencies to below the 65th position in the cryptocurrency market. There is a universal law called the “law of cause and effect” which states that for every effect, there is a definite cause. What led to the collapse of Terra Network? Traders and investors are very concerned about this massive dumping.
Despite the interest rate hike by the Federal Reserve, other cryptocurrencies did not experience negative dumping as Terra Network did in just a few days. The algorithms that Terra Network used to stabilize the value of terrestrial treasuries and its stablecoin proved to be manipulative, and this resulted in large investors dumping the token into the project, which in turn affected Luna. Its algorithms were not built on the sustainable accumulation of cryptocurrencies. So many questions one needs to ask the Terra network leadership, why did the management decide to sell their entire holdings of BTC after terrestrial treasuries lost their parity against the US dollar?
However, will investors trust Terra Network’s leadership? Will the Luna token return to being among the top 10 best performing cryptocurrencies? With existing investors in the SafeMoon network who believed in and trusted the project, the leadership of SafeMoon must do everything in its power to ensure that the price of SafeMoon does not become a difficult project.
Image by Felix Wolf from Pixabay
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