This mushroom-themed Ethereum coin is up 7,000% since its lows: Here's why

One such coin seeing success is Shroom Finance, which began as a fork of SushiSwap, but the coin has quickly turned into its own thing with an internal pivot.

Ethereum-based SushiSwap fork pivots to NFTs, rewarded with 7,000% rally.

At the time, the farming meta was to farm coins as fast as possible, then dump them for a safe bet like Ethereum or stablecoins.

The coin dropped over 95 percent from its initial price to the lows.

Like other food coins, Shroom seemed dead: its Ethereum-based coin was trading under $0.01 and the total value locked in the protocol was minimal.

The cryptocurrency revealed it had plans for a decentralized game that would involve "NFTs and ERC-20 token standards."

This coverage has sent the coin from $0.0035 at its macro lows to $0.25 as of this article's writing, marking a rally of over 7,000%.

Although Shroom is a unique success story in that it is converting from it being a run-of-the-mill fork into a potentially marketable product, it isn't the only winner in the ongoing shift of attention from vanilla DeFi to NFTs. Rarible, one of the main digital collectible marketplaces, has seen its native RARI token rally over 500 percent since the start of September.

"I am no NFT expert, but NFT haters are making an obvious logical mistake. If cryptographically secured *fungible* digital assets are storing $300B+ in value, why can't *non-fungible* digital assets have any value?".

If cryptographically secured *fungible* digital assets are storing $300B+ in value, why can't *non-fungible* digital assets have any value?