NEAR vs FTM: Best Investor Option
The total number of cryptos available for trading is about 20,000. And while we could buy $10 worth of any coin and forget about any research, this strategy is unlikely to bring us profit. Moreover, even if we take the top 30 altcoins by capitalization, we still won’t be able to track all the news and price movements on every chart.
So there is the only way in this market — comparing tokens head to head to find which one fits your portfolio best. Today we offer considering NEAR vs FTM!
Understanding NEAR
The technology of former Google and Microsoft engineers is a blockchain for building decentralized applications. Compared to other more mature blockchains, Near Protocol is easier to use, cheaper, and faster.Â
According to the developers, you can create an application based on Near in five minutes. The blockchain can process up to 100,000 transactions per second and create one block of information every second. For comparison: the Solana blockchain can process up to 65,000 transactions.
The Near Protocol runs on a Delegated Proof-of-Stake consensus algorithm and uses sharding technology to increase network bandwidth and efficiency.
What Awaits NEAR in the Future?
The founders of Near Protocol raised $150 million for a startup developing next-generation blockchain. Investors include:
- Three Arrows Capital;
- Dragonfly Capital;
- Mechanism Capital;
- Andreessen Horowitz (a16z).Â
Previously, they invested in large crypto startups, in particular, crypto exchanges ByBit and Coinbase. So most of the projects these guys support are likely to reach at least $20 billion by market cap.
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Given the above data, the approximate numbers we can see in the future are $5.15 in 2025, $15.71 in 2028, and $32.52 in 2030, according to Priceprediction.net. However, let’s not forget that in 2019 the price of NEAR was trading below one US dollar and peaked at $20 in two years. So this price prediction is very conservative.
What Is FTM?
Fantom is an open-source, decentralized smart contract platform designed to enhance existing blockchain protocols with high performance, scalability, flexibility, and security.
At the heart of Fantom is Lachesis, an aBFT consensus algorithm that allows the protocol to operate at high speed and low cost while providing strong security. Fantom solves the blockchain trilemma by offering a high-speed consensus mechanism that does not require compromises in speed, security, or decentralization.
The key aspect that makes Lachesis work is its modularity. It can be connected to any distributed ledger, and developers can port their existing Ethereum-based dApps to the Fantom Opera mainnet in minutes.
In addition, Fantom is unique in that its computing power is not concentrated on a single distributed ledger. Instead, users of the Protocol can create their own independent networks, which makes it highly decentralized.
Still have no FTM in your portfolio? Rush to Godex and buy some Fantom tokens. Here you can also convert AVAX to LTC, BTC to XMR, and more than 300 other coins completely anonymously.
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FTM Price Forecast
Wallet Investor’s long-term Fantom price forecast assumed that the average coin price by the end of 2023 would be $1,238. In 2024, it will drop to $1,117, and in 2027 it will rise to $4,239 per token.
At the same time, priceprediction.net gave an even further prediction ending in 2030. So the platforms estimates the FTM chart will show us the following numbers:
- $0.37 in 2023;
- $0.54 in 2024;
- $0.78 in 2025;
- $1.13 in 2026 ;
- $1.69 in 2027;
- $2.39 in 2028;
- $3.59 in 2029;
- $4.95 in 2030.
The general sentiment is that FTM will break the $1 resistance in 2-3 years.
What Crypto to Choose?
If you are looking for fundamental blockchains providing real value to the crypto industry, NEAR and FTM are the way to go. Each project allows for building dApps and smart contracts while making transactions speedy and secure.
Unlike the overhyped wallet tokens or in-game currency, Fantom and Near Protocol are less prone to sharp price declines and scams.
Both technologies are like the land on which the building is built. They are the foundation for future projects, so the price of their native currencies will grow for sure.
Don’t know which one to buy? Of course, it’s better to diversify and purchase both coins. Need only one? Opt for Fantom since it is less popular and big, so it can offer more Xs to your initial deposit.
