There are hundreds of ways you can invest in crypto these days. With so many coins popping up, you may not be sure which one to choose. Some traders still prefer to buy ETH these days. Are there any other good choices out there? Sure!
This short guide will compare the NEAR protocol and Uniswap crypto. Let’s look at the pros and cons of each of them and let you decide what works best for you.
Is the NEAR Protocol Worth It? Let’s Find Out
NEAR protocol was brought to the market by Illia Polosukhin and Alexander Skidanov in 2017. The main idea behind it is that this network rewards the PC power you use to help process various tasks on the platform.
How can you actually invest in NEAR? You can do this by purchasing its native tokens called NEAR. At the moment of writing this article, the market cap of NEAR has reached 8.5 billion USD. There are many traders who sell and purchase NEAR on LetsExchange, MEXC Global, Binance, Huobi Global, and other crypto trading platforms.
If you’d like to invest in something related to Web 3.0, NEAR could be a great choice. The hype about Web 3.0 is everywhere now. However, let us be very clear about it. This is not a piece of financial advice in any form. You have always to consider all the risks and make your own decisions.
A number of coins available for trading, positive testimonials, ease of use, privacy, and trading fees are the things you need to research before making the right decision. Based on this information, make a comprehensive analysis and recommendations beforehand. Also, never forget about the fact that all cryptos are rather volatile. And NEAR is not an exception. Its price may rise and fall unexpectedly. So, you should be ready for such kinds of risks as well.
What About UNI? Is It a Real Deal Now?
Now, let’s talk about UNI. Don’t confuse it with Uniswap, which is the name of the platform. There are a few interesting things that you may want to know about UNI:
- The market cap of UNI is $2,668,100,367;
- UNI is considered to be a rather risky investment. That’s why you need to think thoroughly before investing in it. Of course, you should always do your own due diligence. And you need to be well-equipped with data before making the decision;
- UNI experienced some huge drops in 2022. According to CoinMarketCap, its price decreased by 10% overnight on the 12th of July in 2022;
- UNI is on the downfall trend now as well. It continues its way to the bottom;
- The current price of UNI ranges from 4.5 USD to 4.7 USD;
- According to the price predictions made by Cryptopolitan, UNI will increase in price over the next 8 years. They predict that the price of UNI will be as high as 264.71 USD. However, it’s only a prediction. So take it with a big grain of salt.
At some point, you may want to exchange near to uni. That’s quite fine, as you may want to try various tactics and strategies. This handy exchanger will be of great help. It’s easy and super simple to use. Give it a shot, and you’ll love it.
Conclusion
As you can see, Uni and NEAR have their own pros and cons. So it’s pretty much hard to say that it is better to purchase NEAR than UNI or the other way round. You always need to do your own research, collect all the credible data, analyze it, and make well-informed decisions based on that. That’s what all smart traders do. They don’t go with their gut or hype. They rely on data. And you should do the same.
Even if you follow a piece of advice from some renowned crypto trading figure in the industry, there is no guarantee that you are going to become rich. So you should always think twice before you make your decision regarding crypto investments.
