Are ApeCoin (APE), Axie Infinity (AXS) and Parody Coin (PARO) Behind the NFT Comeback?

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Are ApeCoin (APE), Axie Infinity (AXS) and Parody Coin (PARO) Behind the NFT Comeback?

Questions have been raised as to whether the NFT market is managing to thrive throughout the crypto market slump. As a result, most cryptos utilising NFTs, such as Decentraland (MANA) and The Sandbox (SAND), have plummeted. Parody news…

However, the volume of NFT trades has recently increased. Major collections such as Azuki, Mutant and Bored Ape Yacht Club (BAYC), and CryptoPunks have seen increased activity in recent weeks, according to data compiled by CoinMarketCap. Can ApeCoin (APE), Axie Infinity (AXS) and Parody Coin (PARO) be attributed to this apparent comeback of the NFT market?

ApeCoin (APE)

It was after BAYC launched its own native coin, ApeCoin (APE), which is now valued at over $1.5 billion, that the volume increase took place. Yuga Labs, the platform’s creators, also raised $450 million, making it one of the industry’s largest platforms. This indicates that, despite the current economic climate, the industry may continue to expand.

Axie Infinity (AXS)

The price of Axie Infinity (AXS) has been rising as investors anticipate the release of the Origin Ear Cards. The launch will take place via the Mavis Hub, and it will be a follow-up to previous launches. Last month, the platform announced that its Mavis platform had generated over $4 billion in NFT revenue.

The performance of the Smooth Love Potion (SLP) is another reason why the AXS price has witnessed an incline. For starters, SLP is an ERC token that serves as Axie Infinity (AXS) gamers’ primary source of revenue. The price of SLP has risen lately, bringing its total market cap to over $805 million.

Parody Coin (PARO)

Parody Coin (PARO) is a newcomer to the scene, having just entered presale in recent weeks. Regardless, its revolutionary White Paper aims to transform the NFT market, by making it more accessible to ordinary people, not just the wealthy, by introducing NFT ‘parodies.’

Because owners of original NFTs can acquire ownership of the parody NFT by burning or locking up the original, the NFT market could shift completely to Parody Coin (PARO).

Parody Coin (PARO) holders will be able to earn passive income in four ways. Making parodies of popular NFTs and selling them on the Parody marketplace is the first step. The second approach involves taking advantage of the platform’s reflection system. By charging a ten percent fee on each transaction, half of the profit is distributed directly to the holders, allowing them to profit from network activity without difficulty. Finally, in addition to staking, holders can benefit from the platform’s rewards system. As a result, Parody Coin (PARO) holders gain access to multiple revenue streams at the same time.

No other altcoin can match the cutting-edge features of Parody Coin (PARO). Holders can, for example, use Parody Swap to seamlessly exchange any crypto on any blockchain for the same number of PARO. The Parody Bridge also allows holders to transfer their PARO to other blockchains for a small fee, addressing the interoperability issue experienced across so many blockchains.

The price of PARO is currently $0.002, but as the presale approaches, it is expected to skyrocket. PARO investors who buy now could see colossal returns by the end of the year.

If you want to get in on another presale, Automish Coin (ATI) plans to incorporate NFTs too. Moreover, the multifaceted range of features that Automish (ATI) will integrate has been praised by the crypto community. A play to earn (P2E) fantasy game, an NFT marketplace, and a variety of ways to earn rewards, the simplest of which is simply holding ATI, will be among the coin’s key features. Automish (ATI) is also working to become a fully community-driven DAO, ensuring complete decentralisation.