Near Protocol and Arkham crypto comparison
Todays article we are comparing Near Protocol and Arkham Coin. I know how hard it is to make decisions in crypto investments and that’s why am trying as much as I can to use the experience I have a gained in crypto industry for over 7 years to draw these comparisons and help you have a better idea of which crypto is worth your attention.
If you had 1000$ and you are given two cryptocurrencies in ai to invest in ie Near Protocol and Arkham which coin would you invest in??
A brief overview of Near Protocol and Arkham
If you know Ethereum, then it won’t really give you a hard time to understand Near Protocol because it’s aiming at creating decentralized applications that focus on developer and user friendly to easy access and transactions.
While Arkham is simply a mere blockchain analysis platform that uses artificial intelligence to de-anonymize the blockchain and on chain big data.
You can see that these two coins each of them focus to solve different problems and using a very different algorithm and setup plan.
Does Near Protocol or Arkham solve any Problem in its ecosystem and what are usecases?
What will make Near Protocol different from Arkham or vice versa will be how these coins impact there ecosystem and therefore it’s very important understand the use cases of each coin and be able to determine which crypto has potential and which one won’t perform well on markets.
1.Near Protocol tokens can be used to cover transaction fees on Near network. Now every time a user interacts or transacts with any DApp using near network. He pays a very small fee using near protocol tokens.
2. Near protocol tokens can also be locked for a certain agreed time which is called staking and earn passive income. This helps maintain the market.
3. Near Protocol holder can also participate voting on proposals, electing validators and also proposing changes on the network using Near protocol tokens.
This is a core use case for deep eco system individuals.
4. When you build a DApp on near protocol and it’s a success. You are rewarded Near tokens by the near network which is life changing. And hence these built DApps contribute a lot on the network.
We are looking at unique use cases of near protocol and Arkham crypto. Let’s look at various usability of Arkham.
1. Arkham token is used to track stolen funds on the Network to verify counterparties , to audit transactions and also investigating hacks
2. Arkham token is also used to incentivize users for intelligence exchange on ARKM Intel exchange.
When you look the above usability cases it will look as if Near Protocol has a much more accurate use cases ared to Arkham crypto. But how true is this. At the end of this review. I will let you know.
How has Near Protocol and Arkham performed in the past?
Near protocol Network launched on markets in April of 2020.
Arkham Launched on market in July 2023.
This Completely shows that Near Protocol is a much older and Elmore established cryptocurrency than Arkham.
However I also want to look at how there token prices have been increasing and decreasing. It’s important to find out how the market has impacted them.
Near Protocol as of writing this article , is trading at 5.2$ as shown on Coin Market Cap. It’s all red and the market is completely bleeding.
However it’s important to note that it has ever hit its ATH value of 20.4$. And being lowest at 0.5$
Arkham Token is trading at 1.3$ as showing on Coin Market Cap.
And entirely bleeding all in red as of writing of this article.
This coin has however ever hit 3.9$ and being at the lowest of 0.2$
Before I even go any father it’s important to know that Arkham has a total supply of 1 billion coins and Near Protocol has 1.2billions coins
Now Arkham has only 20% of its supply in circulation while Near Protocol has 50% of it supply in circulation.
How does Near Protocol handle Scalability compared to Arkham
Scalability is a great thing to consider as crypto techs that don’t solve it end up becoming burdens to users and highly risky.
Near protocol is using Sharding innovative technology to achieve scalability.
Here the entire blockchain is broken into sub chains with various validators working on them . Therefore with this Near Protocol can handle large mass of transactions without impacting speed and security.
When it comes to Scalability, Arkham can handle really huge sums of data since it deals with data collection and modifications.
It has a multi chain capability. This helps it analyze multiple Blockchain’s simultaneously to better reflections on crypto interrelations.
Near Protocol vs Arkham in terms of Pattern-ships and collaborations
Of the strongest players in terms of crypto growth and development are partnerships. These help to fund, growth and contribute to the crypto .
Arkham has successfully done this.
Arkham has partnered up with various companies in the field of technology which has massively helped it grow.
Here is a list of companies
1. Base
2. TrustWallet
3. Tron
4. Mantle
5. Coin99
6. Ton
7. Trading View
8. ChainLink
9. Flare
10. Ramp
11. Binance Labs
While Arkham has done all these partnerships, Near Protocol has also massively established itself with the following companies
1. Mastercard
2. Transak
3. Goggle
4. Panther
5. The Graph
6. INCH4
7. Zep
8. Frax
9. Nodekit
10. Terra
11. brave
12. Aurora
13. marblex
14. Alibaba cloud
And alot more. Well Near Protocol has massively expanded its capabilities than Arkham if you are to compare with so many different and big companies in tech.
The future of Near Protocol and Arkham Crypto Token.
Well am drawing close to conclusion of my article and this is where the core principle is .
The question was if you have 1000$ which crypto would you invest in?
Now these are all well established cryptocurrencies. But Near Protocol is extra established. It has passed through a lot of tests compared to Arkham.
It has created a strong base more than Arkham. But these are all legit and amazing coins.
When you look at Arkham it’s still a new crypto with a bigger potential to grow from 1$ to even 15$ or more. And has Alot of infrastructures to build and establish.
I think as an investor you need to understand what technology interests you after severe research from other sources.
Crypto is very volatile and interesting at the same time.
But we’ll further discussion continues on my YouTube channel
