Scenarios for the future of Terra Classic in 2024:
1. Takeover by a large company:
+ Advantages:
* Access to the company's resources and expertise for the development of Terra Classic. For example how $BTC !!
* Increasing investor confidence in the project.
* Integration of Terra Classic into existing
products and services of the company.
- Disadvantages:
* Centralization of Terra Classic, which contradicts the idea of decentralization.
* Loss of control over the project by the community.
* Possible changes in the Terra Classic protocol that do not correspond to the interests of the community.
2. Independent decentralized cryptocurrency:
* Maintaining decentralization and community control over the project.
* Development of Terra Classic in accordance with the interests of users.
* Potentially higher price increases due to increased community engagement and innovation.
* The difficulty of reaching consensus in the development community.
* Limited resources to compete with large cryptocurrencies.
* Lower recognition and adaptation compared to established cryptocurrencies.
3. Reaching the price of $0.50:
* In 2024, reaching the price of $0.50 Terra Classic is unlikely, but not impossible!!
This requires:
* A strong community: Active community participation in the development of Terra Classic, support for projects and dApps on the platform.
* Large investments: Attracting large investors and institutional players.
* Roadmap Implementation: Timely fulfillment of the points of the Roadmap Terra Classic, including the launch of new functions and protocols.
* Favorable market conditions: A positive trend in the cryptocurrency market.
