Could These NFT Cryptos Produce Higher Returns? – Solana (SOL), Parody Coin (PARO), and Decentraland (MANA)
In 2022, everyone is investing in NFTs. The NFT market has gained the trust of many and has become quite popular amongst social media personalities and influencers. Join the craze before its expected $80 billion market capitalization.
Why You Cannot Miss Out On NFTs
The term NFT stands for Non-Fungible Tokens and these exist on a crypto blockchain. The cryptographic tokens are essentially virtual assets of digital items ranging from images, art, video clips, memes, video games, virtual land or virtual real estate. Those who invest in buying and selling NFTs are given ownership of unique digital assets that symbolize real-world things that you probably already buy.
Still unsure? The good news is that NFTs are for everyone and there is a token for every investor. NFTs are supported by blockchain-based games where the assets are represented by non-fungible tokens.
NFT marketplaces have been making many investors millions, as the industry is pushing the economy forward to a $20 billion dollar sales volume in 2021.
Top Coins For NFT Investments
Parody Coin (PARO)
Parody Coin (PARO) is a deflationary utility coin built on a Binance Smart Chain (BEP-20) and is used within the blockchain to mint, trade, and market parodies of popular NFTs; it quickly became an investor’s favorite because of immense passive income possibilities.
The Parody Coin has come to revolutionize the crypto market with its Decentralised application (DApp), which operates on the BNB Chain. This is a user-friendly interface that allows parodies of favorite NFTs to be minted on BNB Chain, Ethereum, and other blockchains. Investors can also sell their NFT parody; these Parody NFTs on the Parody Coin marketplace are not entirely detached from the original NFTs and so the owners of the real NFTs can gain ownership of the parody NFT by locking up or burning the original NFT.
Their NFT parodies and decentralized applications have become quite famous. As the PARO coin is still in its presale and continues to benefit from the NFT hype on social media, expert investors predict the token will see an outstanding price-value rise in the next few weeks.
Afraid of risk? There is no need to worry about making the wrong investment with PARO, as the token has proven itself the most successful having pre-minted a total of 300 million PARO coins before the Initial DEX Offering (IDO). The price of PARO is $0.002, at the time of writing.
Solana (SOL)
Another successful and recent crypto is the Solana Token (SOL) and native to the Solana Foundation. The creators of the platform claim that Solana was created to bring Decentralised Finance (DeFi) options to every investor including both small-time traders and institutional traders.
As one of the most innovative platforms in the crypto sphere, the platform did not miss out on the NFT craze. NFT marketplaces continue to emerge and the space is becoming more competitive but the largest NFT marketplace – OpenSea – has been vocal about its faith and support for Solana, recently incorporating Solana NFTs in their market. OpenSea has an estimated total of $23.5B in sales and their average NFT sale last week is around $930.59 per NFT.
The market cap is US$1.5 Billion for Solana and second place in the market in terms of all-time NFT sales. They provide a highly attractive market as Solana’s high throughput and low fees make it an ideal fit for NFTs of all shapes and sizes.
Decentraland (MANA)
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The Decentraland platform is powered by the Ethereum blockchain and bills itself as an NFT gaming platform, which makes it a perfect investment for those who want to monetize their gaming experience.
The platform is a decentralized virtual reality that allows investors to create, experience, and monetize their content and applications. This mainly includes character design, interaction with other gamers and virtual real estate.
But most importantly, Decentraland is big on NFTs. Almost every bit of the universe in Decentraland is an NFT; this includes virtual land to the art in its virtual galleries. Not only does it offer an NFT-based Metaverse real estate, but Decentraland wearables are also represented by NFTs.
The platform has proven its high place in the market on many occasions. Decentraland had more than $26 million in Ether in its initial coin offering (ICO) and when it launched in 2017, it sold land parcels for about $20 apiece but now, a handful of parcels range between $6,000 to more than $100,000.
MANA is the native crypto coin of Decentraland and allows investors to pay for goods and services in Decentraland. Not only can you purchase LAND through MANA coins, but it is also used to purchase avatars, names, wearables, and other items. The Decentraland price today is $2,17 with a live market cap of $4 Billion.
Find out more information on the Parody Coin Website, Telegram or Twitter. You can also find more about presale here.
Text source: DailyCoin.com
