In today's video, we will share with you the 3 best altcoins to buy in 2022 for short-term investments. Watch this video till the end, so you don’t miss anything.
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#1: ApeCoin
The first crypto you should pay attention to is ApeCoin.
ApeCoin (APE) is both an ERC-20 utility and governance token. It is at the center of the APE ecosystem and allows the community to build and prepare for the arrival of Web 3.0. Governed by the ApeCoin DAO and supported by the APE Foundation, the Apecoin allows its holders to vote on DAO decisions. They can also access exclusive features of the APE ecosystem, including exclusive games and events, as well as innovative services.
Interestingly, Yuga Labs, the developer of the popular NFT Bored Ape Yacht Club (BAYC) has also adopted Apecoin as the primary token for all of its new products and services.
ApeCoin can be used as a means of payment. One of the main reasons why we are bullish on ApeCoin is the fact that recently, the GUCCI brand has accepted ApeCoin as a payment method.
This means that Gucci will now accept ApeCoin payments in its stores.
GUCCI has over 500 stores and averages nearly $10 billion in sales annually. Consider that a portion of that revenue will be held by the ApeCoin token.
According to a recent study conducted by Deloitte, 75% of U.S. merchants plan to accept cryptocurrencies as a payment method in the next two years, seeing this feature as a "competitive advantage." And with GUCCI now accepting ApeCoin, imagine who else will join in. Basically, adoption will be increasingly massive.
Despite growing bearish sentiments in the crypto-currency market, ApeCoin is now trading above a critical support level. According to experts, the market value of ApeCoin would increase by 200% in the coming months. TAG Heuer has joined Gucci in welcoming APE token payments with its own tweet. The Swiss watchmaker has already incorporated Bored Ape NFTs into the design of its Calibre E4. It will now be possible for US customers to purchase watches using APE.
Also, keep in mind that ApeCoin lends itself to multiple uses.
ApeCoin is used as a means of payment but also as an NFTs reward that can be redeemed immediately. Holding it entitles you to various NFT rewards and gives you access to exclusive features in the APE ecosystem. The token has also been adopted as a currency in some play-to-earn games.
Additionally, APE is expected to be integrated into several metaverse projects such as Otherside's for example. The ApeCoin will be used to buy virtual land, play games, and buy services, among other things. For all these reasons, in our opinion, the growth of Apecoin is unstoppable.
The next crypto project is going to be OPTIMISM.
Over the last few days, Optimism crypto has certainly positioned itself in the spotlight for being one of the biggest altcoin pumpers. According to Coinmarketcap Optimism (OP) crypto is now ranked #84 and has a marketcap of $447 million at the time of this recording. Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
Optimism is one of the biggest scaling solutions for Ethereum with over $300 million in TVL. It is home to 35 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM.
Optimism is not the first project hoping to solve the issues on the Ethereum mainnet surrounding cost and speed. Some of the other large Layer 2 and sidechains include Polygon (MATIC), xDAI (xDAI), and Loopring (LRC). Optimism has already attracted large projects, which have been easily integrated through the OVM.
Another feature that sets Optimism apart from its competition is its focus on “Public Goods,” completed through the Ecosystem Fund and the Retroactive Public Goods Funding program. Portions of the total token supply are reserved for the funding and rewarding of projects that are helpful to society as a whole.
Now, there's an important piece of information we'd like to share with you about this token.
Ethereum's Merge is coming - Scheduled for this September, the update to the Ethereum protocol is becoming clearer behind the scenes.
Scheduled for this September, the Ethereum protocol update is becoming clearer behind the scenes. After years of announcements and postponements, ETH will finally move to proof of stake. This change in consensus mechanism is supposed to give a new dynamic to the smart contract economy. The goal is to unclog the chain to make DeFi more fluid and more accessible. As a major player in this sector, Curve has reached out to the Optimism protocol. Decentralized finance protocol Curve Finance submitted a grant application to Optimism, the optimistic rollup developed as a second layer on the Ethereum network.
The proposal goes on to detail the plan to use one million Optimism tokens by Curve pools. Valued today at $850,000, this one million tokens would be distributed to the various liquidity pools for twenty weeks, at a rate of 50,000 per week.
The sUSD, sETH, and sBTC pools will receive this weekly allocation (if the governance vote validates the proposal) in order to create an incentive, an economic interest, an incentive to come and deposit their funds in the protocol. This will increase the interest of liquidity providers to approach DeFi with Optimism. With the upcoming release of Ethereum 2.0, investors are depositing an extremely large number of ETH to the Optimism smart contract with deposits spiking to 40,000 coins, which is an unseen number of coins deposited to Optimism in the last 90 days. Anyway, you should definitely hold this token before the coming Merge.
And the last crypto project on our short-term crypto-list is CRONOS.
The CRO blockchain is primarily aimed at providing services to users of payment, trading, and financial services solutions.
CRO owners can stash their tokens on the Chain to act as validators and earn rewards for processing network transactions. In addition, CRO tokens can be used to pay transaction fees on the Chain.
Within the payment application infrastructure, users can earn up to 20 percent back if they make CRO payments and up to 10 percent back by purchasing gift cards or making peer-to-peer transfers to other users.
As for trading use cases, App allows users to earn tokens as rewards on a selection of cryptocurrencies by stacking CROs.
Users can additionally earn up to 10-12% annual interest on their tokens through staking on the Exchange app or Visa Card metal. Recently, Cronos launched an accelerator program to support startups DeFi and GameFi. The Cronos Accelerator has partnered with several companies that will support participating projects through investments, mentorship, and workshops, including Mechanism Capital, Spartan Labs, IOSG Ventures, OK Blockchain Capital, AP Capital, and Altcoin Buzz, and Dorahacks. Furthermore, CronoSports is a Cronos network DAO that offers the ability to bet on sporting events with no losses. It aims to become an innovative financial ecosystem through the use of rebasing currency. Their platform has a zero-loss betting method in which bets are pooled together and placed on a high-yielding staking platform. The winner can get rewards, while the loser just receives their initial capital back. That's the reason why we are bullish about this project. Now, do you think these projects will succeed in the short term? Share your thoughts with us in the comments.

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