YouTube channel Lee the Captain, with more than 25k subscribers, discussed which is a better option for a $10,000 investment between Near Protocol’s NEAR and Internet Computer’s ICP.
The presenter started by describing the main features of Near Protocol, describing it as a proof-of-stake blockchain that utilizes sharding for scalability. The network is divided into sections (shards), distributing the workload and enhancing scalability.
NEAR is focused on AI and prioritizes AI integration. While talking about the AI market’s potential, the presenter mentioned that it has been predicted to be worth nearly $2 trillion by 2030 (according to Grand View Research).
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Near Protocol has more than 700 active projects within its ecosystem, while many of its competitors struggle to reach 100 projects. Its sharding technology ensures the network can handle increased demand efficiently. Being an AI-focused network also positions it for future growth.
What you'll learn 👉
Internet Computer Protocol (ICP)
Internet protocol, on the other hand, is marketed as the world’s most productive blockchain, facilitating over half a billion transactions daily. The protocol maintains low energy consumption and reduces costs.
Just like NEAR, ICP is also heavily invested in AI, aiming to create a decentralized version of the internet spread across thousands of computers globally.
Read Also: Why Is Kava Lend’s HARD Crypto Price Pumping?
It seeks to change the highly centralized internet, controlled by big tech companies, by bringing in various decentralization solutions.
It is cost-efficient, being 44 million times less expensive than Ethereum. $1 worth of smart contract data on ICP equals over 200 million bytes, compared to 44 bytes on Ethereum.
It also has strong foundational aspects, despite not being as popular as Ethereum.
Investment Strategy
The presenter thinks the two are worth investing in but would rather put a larger portion into ICP. They would invest 60% ($6,000) into ICP and 40% ($4,000) into NEAR.
The reason is that ICP is perceived as more diverse in use cases with a lower market cap ($3.3 billion) compared to NEAR ($5 billion). However, NEAR is still seen as a solid investment, contributing significantly to the overall portfolio.
Please note that this is just the presenter’s view and not financial advice. Do your own research or see a financial advisor before making investment decisions.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
