Jamie Coutts, a cryptocurrency analyst at Real Vision, a global financial research and media platform, stated via X that "NEAR Protocol (NEAR) is a Layer 1 project that can stand out in a new market environment where cryptocurrency demand is increasing and token supply is properly managed." He explained, "I conducted in-depth research during the first half of last year when the cryptocurrency market was most stagnant. NEAR is focusing on solving key unresolved issues in the cryptocurrency industry, such as interoperability and privacy." He added, "Projects being pursued in the fields of inference and private AI also have additional growth potential considering the team's AI expertise. NEAR is building a structure where the success of existing major Layer 1 projects directly leads to NEAR's success, rather than competing directly with them."
