Perfect investment coins for the NFT era? Solana (SOL), Parody Coin (PARO), and Decentraland (MANA).
Parody coin (PARO) looks like the best investment to have in this era of NFTs.
There has been a lot of positive attention in the world of cryptocurrency lately. Part of this is because of the emergence of the metaverse as well as the now popular NFTs.
It’s almost as if NFTs came out of nowhere, gathered a lot of hype, and then exploded as they made news headlines around the world. The fact that they started selling off at prices beyond people’s imagination further caused intrigue. Last year saw a huge number of highlights from NFT projects.
This came as a surprise of course, as many thought NFTs hype would fade after a year (as a one-season wonder). Unfortunately, or perhaps, fortunately for us, NFTs are rising in popularity, price, and value as the months go by.
People have now learned to trust this incredible NFT market that so many influencers have preached about. It would be a bad idea for you to read this to join the excitement when its market worth has crossed the predicted $80 billion.
Basically, NFTs are non-fungible cryptographic tokens that work on a particular blockchain. They can be used on virtually anything from images to videos or memes. Once you invest in an NFT, you get ownership of the asset represented in a digital form.
NFT made over $20 billion in income in 2021. It was able to make a lot of investors rich and very wealthy. Getting a good NFT-based project is an opportunity you shouldn’t miss out on. Let’s take a look at 3 things you should consider right now.
Solana (SOL) remains one of the most unique crypto networks ever. They were quick to join the NFT bandwagon and have been able to draw open praises from one of NFT biggest marketplace, OpenSea. After their endorsement by OpenSea, Solana (SOL) was able to get into the OpenSeas market. With a market cap of over $1.4 billion, Solana (SOL) was the runner up for all-time NFT sales just behind Ethereum (ETH). Solana’s (SOL) success in the NFT market is because of its speed and low cost.
Decentraland (MANA) allows users to create and make money using their content on their virtual reality platform.
Decentraland (MANA) has shown how superior it is in the market, severally. During their ICO, Decentraland (MANA) sold land parcels for just $20 but is now selling these lands for between $5,000 and $100,000. This is how far they’ve grown.
Payment of goods and services in Decentraland is done using its native token, MANA. MANA can be used to buy avatars and land portions in the metaverse. With its $4.3 billion market cap, Decentraland (MANA) is ready to become a huge hit in the market.
Parody Coin (PARO)
Parody coin (PARO) is a new coin that looks set to disrupt the crypto market because of its unique dApps that work on the Binance Chain. With just a very simple interface, users now have the ability to create Binance Chain, Ethereum as well as any other parody of their preferred NFT.
Those who have this original NFT can simply own the Parody coin (PARO) by just burning their original NFT tokens. Being a deflationary utility coin that has based its activities on the Binance Chain network, Parody coin (PARO) has become a fan favourite because of the huge potential it carries. To put it simply, a parody of all your favourite NFTs that can be mined and traded.
Parody Coin (PARO) plans to pre-mint 300 million PARO before their IDO. This is according to their whitepaper. Ensure not to miss out on their great platform.