Near Protocol (NEAR) or Internet Computer (ICP): Which Is a Better Investment?

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.

A YouTuber with more than 25,000 subscribers has shared his thoughts on whether Near Protocol (CRYPTO: NEAR) or Internet Computer (CRYPTO: ICP) is a better option for a $10,000 investment.

What Happened: Lee the Captain, who covers cryptocurrency and investing on his channel, recently shared his thoughts on the two cryptocurrencies.

Near Protocol is a proof-of-stake blockchain that is designed to be scalable and developer-friendly.

The network is divided into sections (shards), distributing the workload and enhancing scalability.

The network is focused on AI and has been working to integrate the technology into the blockchain.

The AI market is expected to grow to nearly $2 trillion by 2030, according to Grand View Research.

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.

Internet Computer Protocol (ICP) 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.

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.

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.

This is not financial advice and investors should do their own research or speak to a financial advisor before making any investment decisions.