As Bitcoin crosses above the $74,000 mark amid Trump’s political win in the United States presidential elections, the altcoins are on a bull run. Among the altcoins, the DeFi tokens are signaling breakout rallies and registering double-digit gains. 

As the November rally picks up pace, will the DeFi tokens become the superstars of this bull market? Well, with the increased chances, here are the top DeFi tokens you must consider buying for massive returns. 

Top DeFi Tokens To Buy

Lido DAO (LDO)

Despite being in a falling channel pattern, the recent bullish reversal in the LDO token is signaling a potential breakout. The new bull cycle in the LDO token accounts for three consecutive bullish candles, registering a 47% surge from $0.93 to $1.  

TradingView

As it approaches the 200-day EMA at the critical mark of $1.50, the buyers are anticipating a breakout rally in LDO tokens. Based on the price action, the upside target for the DeFi token is present at $2.52 and $3.70. 

Hence, with a massive upside of nearly 170%, this is a DeFi token you must consider buying.

Ethena (ENA)

Given a bullish breakout of a triangle pattern in the daily chart, the ENA token is on a breakout run. The price jump from the 23.60% Fibonacci level is challenging the 50% level as it reclaims the $0.50 psychological mark. 

TradingView

The DeFi token has increased by 62.34% from its seven-day low of $0.31. Currently, it is trading at $0.544 and preparing for the 50% level breakout. 

As it crosses above the 50-day EMA, the triangle breakout rally will likely challenge the 78.60% Fibonacci level close to the $1 psychological mark. Meanwhile, the triangle breakout rally has improved the chances of the DeFi token reaching the $1.46 mark or the pinnacle of the triangle pattern. 

Hence, with a massive upside of 184%, this is a DeFi token you must consider buying. The MACD indicator gives a positive crossover as the bullish influence grows.

Also read: Find out how high the ENA price will surge in this bull run in Coinpedia’s Ethena Price Prediction for 2024 to 2030.

AAVE (AAVE)

Crossing above the $180 level, the Aave token has increased by 45% in the past 3 days. Currently, the DeFi token is trading at $182 with an intraday gain of 4%. 

TradingView

As the bullish trend gains momentum, the MACD and signal lines give a positive crossover. Thus, the possibility of Aave crossing above the $200 psychological mark increases. 

Currently, the immediate resistance for the DeFi token stands at 1.618 Fibonacci level, priced at $213.97. As the broader market recovers, a breakout rally in Aave will likely reach the 2.168 Fibonacci level at $398. 

Hence, with an upside potential target of more than 100%, this is a DeFi token you must consider buying in this November rally.

Lamborghini, a renowned luxury car maker, in partnership with Motorverse, a subsidiary of Animoca Brands, has announced plans to launch their highly anticipated Revuelto non-fungible token collection today. Lamborghini and Animoca Brands also plan to launch a new Web3 game, allowing Revuelto NFT holders to participate in supercar racing on the platform.

Ready, set, REVV 🚥 🏎️@TheMotorverse x @Lamborghini Revuelto Genesis Launch is starting tomorrow 👁️

🛞 Immersive hub for racing fans, gamers & collectors
🔗 Interoperable across Fast ForWorld & Motorverse gaming titles
🎟️ Unlocks free access to the Genesis Capsule with… https://t.co/AS2yTXPuED pic.twitter.com/pzmKKRY6za

— Mocaverse💼🪐 (@Moca_Network) November 6, 2024

Revuelto NFTs To Launch Today, Nov 7, 2024

In a November 07 blog post, Motorverse confirmed plans to launch a new non-fungible token collection today, on November 7, 2024, in partnership with Lamborghini. The Animoca Brand and Lamborghini hinted about launching their new NFT collection duped Revuelto last month. The upcoming NFT collection features a limited edition of 3,630 NFTs hosted on the Base blockchain network.

Founded in 1963, Lamborghini is an Italian manufacturer of luxury sports cars and SUVs based in Sant’Agata Bolognese. The super sports car giant is also renowned in the fashion market for designing exclusive luxury collections, including menswear, accessories, and high-merchandising items, designed for true Lamborghini lovers. The Volkswagen Group owns Lamborghini through its subsidiary Audi.

On the Other hand, the Motorverse, a subsidiary of Animoca Brands, is a global ecosystem and community for racing games and motorsports, advancing digital vehicle ownership and interoperability for the open metaverse. Launched in 2019, the Motorverse offers a unique platform where users can purchase digital cars once and use them across multiple games within the ecosystem.

Revuelto NFTs Explained

After several weeks of development, the Animoca Brand and Lamborghini are set to deliver the world’s first interoperable digital car NFT collection, Lamborghini Revuelto. The new Revuelto is a non-fungible token collection inspired by Revuleto, the first high-performance electrified vehicle (HPEV) hybrid super sports car. Revuelto entered the market last year as a successor to the Aventador.

The upcoming Lamborghini x Motorverse Revuelto NFT collection includes several utilities, including letting users participate in the Fast ForWorld ecosystem to earn engagement points and unlock exclusive prizes and special rewards. The NFT collection will also allow holders to unlock their immersive wallet with their cars inside it. Revuelto NFT will also let holders enjoy early access to exciting launches from Fast ForWorld and its ecosystem partners, giving holders a head start on the latest digital opportunities.

In the meantime, the developers of the new Lamborghini Revuelto NFT collection have partnered with NFT marketplace Rarible to facilitate trading. Revuelto NFTs will mint at 0.065 ETH. The Revuelto NFT will be the world’s first interoperable digital car collectible, usable across multiple games and experiences. Revuelto NFT holders will get a free Genesis Capsule NFT airdrop with exclusive loyalty benefits and IRL experiences from Lamborghini.

Related NFT News:

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Ethereum’s recent performance has many wondering if the cryptocurrency is on the rise again, and with Donald Trump potentially bringing in a crypto-friendly administration, the conditions could be right for a new DeFi surge. Ethereum (ETH) just broke past the $2,800 mark—its highest level since August, pulling it out of a slump where it lingered between $2,300 and $2,600. Some industry experts are saying that Trump re-electing as President of the US could change the game for ETH and the DeFi sector. Let’s dig in to understand what they really mean by this.

Trump’s Deregulation Stance Could Spark DeFi Growth

Trump’s presidency might mean easier regulations for crypto, including Ethereum and DeFi projects. Many in the crypto world, including big names like Arthur Cheong from DeFiance Capital, believe Trump could bring a “DeFi Renaissance.” This term points to a time when DeFi could grow without as many regulatory hurdles. Cheong thinks that if Trump lowers these barriers, we could see a rise in both new projects and the value of tokens linked to DeFi, possibly boosting ETH demand as more people join in.

Interestingly, a ratio tracking ETH and Bitcoin (BTC) shows investor interest in ETH has been lower lately. But with Trump’s approach, we might see a change in that trend, especially if ETH can secure a stronger position in the market.

DeFi Performance: Signs of Resilience and Growth

Another signal pointing toward DeFi’s potential growth comes from key metrics like user activity and capital inflows, both rising recently. Aave, a core project within the DeFi world, is reportedly performing better than it did at its peak in late 2021, showing the sector’s resilience and maturity. DeFi’s increased visibility on social media platforms, especially X (formerly Twitter), also suggests that retail investors are paying closer attention. According to Kaito data, DeFi is trending more than popular sectors like AI or meme coins, a sign that more everyday investors are getting interested.

A look at DeFi indexes also reveals a positive market response, with prices for top DeFi tokens jumping by an average of 22% within the last 24 hours, according to CoinGecko. The anticipation around a possible crypto-friendly approach under Trump might be driving this price surge, especially with his family’s links to World Liberty Financial, a financial services player.

What’s Next for DeFi and Ethereum?

With Trump’s presidency, many are expecting fewer compliance costs and clearer rules for DeFi platforms. Some experts, like Ethereum influencer @sassal0x, suggest that Trump’s policies might even reclassify certain tokens as commodities rather than securities. Such a move could open up more revenue avenues, with DeFi projects potentially implementing “fee switches” to generate steady income.

While Trump’s policies remain speculative for now, the market is already showing signs of enthusiasm. If these hopes pan out, DeFi and Ethereum might be on the verge of a major upswing. Will Trump’s presidency truly unlock DeFi’s next phase? That remains to be seen, but the early signs are promising.

Telegram game Tomarket has been in the spotlight for crypto gamers in recent weeks with the build-up to its announced token generation event (TGE) on October 31 and subsequent airdrop. But after the game revealed airdrop allocations on Friday, players are still waiting to get their hands on the actual token.

As planned, Tomarket told players Friday how many tokens they’d earned during the farming phase, which was based on factors such as how many in-game tomatoes they earned and whether or not they’d purchased the optional premium medal booster.

But the airdrop still hasn’t technically taken place, as players can’t actually withdraw or trade the TOMA token just yet. If you tap the “Withdraw” button in the Telegram mini app, Tomarket tosses up a message that says: “Listing soon… go stake and earn more TOMA!”

In other words, Tomarket has entered another farming phase instead of fully launching the token. Furthermore, the game still hasn’t revealed how many tokens are in the total supply, only saying that 80% of that unknown supply will be directed towards the airdrop.

Decrypt asked a Tomarket representative for details on the impending token listing to enable trading, as well as the total token supply, but did not immediately receive that info.

Amid confusion over the airdrop and token launch, some Tomarket players have already started griping about the expected value of their airdrops based on pre-market trading prices, echoing the response seen to Telegram games like Hamster Kombat and X Empire.

Others have claimed that they were incorrectly found to be ineligible for the airdrop due to alleged cheating. Tomarket’s team said in a Telegram post that they will review such claims, and adjust allocations in the coming week as needed.

Largest decentralized GPU infrastructure network io.net has entered into a long-term strategic partnership with cloud gaming decentralized network YOM. The new collaboration is an attempt to enhance the accessibility of high-quality gaming experiences for players from various regions of the world.

io.net partners with YOM, offers infrastructure for cloud gaming in Web3

According to a joint statement by two teams, io.net, a decentralized GPU innovator, inked a partnership with YOM, a DePIN cloud-based platform. The collaboration will see YOM leverage io.net’s vast network of globally distributed GPUs to enhance its state-of-the-art pixel streaming capabilities.

Fueled by io.net’s distributed GPU infrastructure, YOM is set to enable seamless, low-latency delivery of AAA gaming experiences to players in various destinations, while significantly reducing costs compared to traditional centralized server solutions.

Tausif Ahmed, VP of Business Development at io.net, is sure that the new collab will showcase the potential of io.net’s infrastructure as a viable alternative for centralized solutions:

We are extremely proud to partner with YOM, a cutting-edge project that shares our passion for decentralization – and in particular DePIN. By combining our decentralized GPU infrastructure with YOM’s pioneering cloud gaming infrastructure, we are giving players access to a rich and accessible ecosystem that benefits them in countless ways.

As covered by U.Today previously, last month, io.net teamed up with ParallelAI for maximum computation efficiency. 

Also, ParallelAI now can significantly expand its GPU computational facilities available on IO Cloud in the form of A100s. This will enable ParallelAI to scale its platform to provide AI developers with the computation they require for tasks such as LLM training, running inference on trained models and distributed deep learning.

Enhancing audience of decentralized gaming

Andrew Pringle, CEO of YOM, is excited by the new collaboration and its role in the next generation of Web3 gaming products:

Working with io.net allows us to significantly expand our global reach while maintaining the same high-quality gaming experience users have come to expect. With the gaming market recognized as the biggest consumer entertainment sector by usage and revenue, the ability to quickly match GPU demand in various regions is vital to ensuring optimal UX. Our vision of making AAA gaming experiences accessible to everyone, everywhere, at near-zero prices is coming into clearer focus.

YOM’s robust feature set includes voice chat, multiplayer capabilities, cross-device controls and comprehensive analytics.

Leveraging a distributed network of gaming machines, the platform enables low-latency, near-zero cost cloud gaming to any device and channel, effectively eliminating the need for dedicated game consoles (Xbox, PlayStation) and platforms like Steam.

The thrill of competition has always been at the heart of gaming culture. Whether its defeating a challenging boss or outmaneuvering an opponent during a multiplayer match, gamers seem to intrinsically be driven by the pursuit of victory and individual satisfaction.

There is enough evidence to corroborate this assessment, with recent research published in Nature Human Behaviour showcasing how regular competitive gaming contributes positively to mental well-being and lower psychological distress compared to non-gamers. The study specifically noted a decrease in psychological distress ranging from 0.1 to 0.6 standard deviations among regular gamers.

The positive impact was more than just coincidental, with studies showing that competitive games can fulfill essential psychological needs in humans, including the development of autonomy, work competence, and relatedness.  

Web3 gaming is at a crossroads.

While the traditional video games market has continued to mature and grow immensely over the last couple of decades, many experts believe that the industry is now at a critical evolutionary juncture, with Web3 leading the roost. 

The Web3 gaming market, valued at $23.9 billion in 2023, is projected to soar to $133.2 billion by 2033, with this explosive growth not just being about market size but rather a fundamental shift in how games can reward and engage players. 

Through the use of concepts like tokenization and smart contracts, blockchain-based games can now orchestrate tournaments and gaming experiences at a scale previously unimaginable, creating new opportunities for both casual players and serious competitors.

At the forefront of this revolution stands Funtico, a gaming ecosystem built by a team of veteran gaming professionals. It offers an environment where engaging titles can meet incredible monetary rewards. Funtico’s approach goes beyond simple gamification, offering a diverse range of genres from indie casual to AAA action titles, each integrated with meaningful reward systems that recognize both player activity and skill.

Moreover, what truly sets Funtico apart from the rest of the fray is its holistic approach to entertainment, wherein unlike its competitors who focus solely on game development or infrastructure, Funtico has built a full-stack solution that includes both proprietary games and a robust platform for third-party developers. 

Lastly, the project’s future-ready fintech infrastructure ensures seamless transactions between traditional and blockchain systems. At the same time, Funtico’s Publisher as a Service (PaaS) model opens doors for traditional game developers to enter the Web3 market.

The investment flows don’t lie.

While traditional games are still the undoubted kings of today’s gaming industry, the investment community’s confidence in Web3 has continued to grow at an astounding rate, with nearly $1 billion in investments recorded in April 2024 alone. 

Investments in Web3 Gaming Projects between Sept 2023 and April 2024 (source: Bitcoinke)

The same month, Web3 gaming demonstrated its growing dominance, capturing 28% of all blockchain activity and 2.9 million daily unique active wallets (dUAW). This represented a significant 17% month-over-month increase, solidifying gaming as the most engaged category across all blockchain applications, which collectively reached a record-breaking 10.6 million dUAW.

Lastly, it bears mentioning that major players like investment management giants VanEck and Andreessen Horowitz have also made strategic moves in the space, as evidenced by the latter’s recent $75 million investment into various startups operating in this space.

In this context, Funtico not only provides immediate value to its users through its competitive gameplay and rewards but also establishes a sustainable growth framework for long-term maturation. Combining traditional gaming expertise with blockchain innovation, the project creates an environment where players can truly own their gaming achievements and assets while developers can easily transition their games into the Web3 space.

Looking ahead, it stands to reason that we’re witnessing the emergence of a new gaming paradigm – one where the tangible value of rewards matches the thrill of competition.

• TON Studio launches to enhance dApp development, offering toolkits, pre-built solutions, and expert support for Telegram-integrated projects.
• The Open Network plans to launch tgBTC, a synthetic token connecting the TON ecosystem with Bitcoin’s liquidity for increased engagement.

TON Blockchain has announced the official launch of TON Studio, promoting it as a valuable resource for developers looking to create decentralized apps (dApps) inside the TON ecosystem.

This program coincides with a period of amazing network expansion, with over 10 million active wallets monthly and one million daily users. The debut of TON Studio aims to simplify the development and deployment procedures, therefore enabling developers to turn their ideas into completely working dApps.

Listen up, @thetonstudio is officially launching!
Get ready for the new go-to hub for $TON Ecosystem developers looking to turn their ideas into functional dApps.

TON Studio will provide:
🔎 top-tier and comprehensive toolkits
📚 pre-built solutions
👏 hands-on support
🛹 a… pic.twitter.com/9MYdMPQm05

— TON 💎 (@ton_blockchain) November 1, 2024

Comprehensive Tools and Access Define TON Studio’s Core 

Four main products that meet changing needs of developers define the essence of TON Studio’s value proposition. First, it oversees the Telegram Apps Center, allowing dApps to access millions of worldwide users by means of the Trending Apps channel and Telegram platform interaction.

By using Telegram’s strategic alignment, developers may access a large and active user base, therefore immediately increasing the visibility and acceptance of their applications.

Apart from this, TON Studio offers premium developer tools. These toolkits include pre-built solutions and continuous projects to hasten the development schedule; they are designed for flawless mini-app development within Telegram and come with access to GitHub communities.

This set of tools guarantees that developers may make use of current resources, therefore lowering the technical obstacles sometimes faced in the development of dApp.

Seamless Support and Onboarding for Developers 

Moreover, TON Studio stresses strong technological assistance. Engineering professionals, who will help developers through several phases of development—from problem-solving to optimization—can provide practical aid.

Maintaining project momentum and guaranteeing developers have a consistent source of direction depend on this direct support.

Another area where TON Studio excels is quickly onboarding fresh developers. It provides a user-friendly onboarding experience by means of thorough, step-by-step directions, comprehensive tutorials, and complete documentation.

This strategy promotes a constant flow of creative ideas by helping even newcomers to the ecosystem to start without needless delays.

Previously, CNF reported that The Open Network intends to also release a synthetic token known as tgBTC, a wrapped Bitcoin token. With Bitcoin’s liquidity, this action seeks to link the TON ecosystem and maybe create conditions for more activity and a token value surge.

Meanwhile, TON, the network native token, is trading for $4.94 as of writing, a 2.04% rise over the last 24 hours. At $12.56 billion valuation, it ranks as the 11th biggest crypto by market cap.

According to an exciting announcement by the RippleX official X account, the XRPL oracle pricing amendment is now live. This amendment adds a “Price Oracle” feature to XRP Ledger, as defined in the XLS-47 specification.

The XRPL price oracle is intended to store pricing information about asset pairs that exist outside of XRP Ledger, allowing smart contracts that rely on XRP Ledger to use this information.

A blockchain oracle is a system in which a service feeds information to the blockchain about the outside world, which may subsequently be accessed by decentralized apps (dApps) that run primarily on or with the blockchain.

Oracles provide a secure and efficient means of bringing real-world data onto a given blockchain system for smart contract use. This is particularly critical for institutional DeFi, which is central to XRPL.

XRPL’s Oracle is protocol-native, which means that it is built into the network itself and not a Layer 2, similar to XRPL’s AMM. External oracles such as Band Protocol and DIA, which are currently integrated into XRPL, will also be able to connect and provide price feed data.

Related

With the new XRPL price oracle and integrations with Band Protocol and DIA, XRPL’s native oracles will be able to offer real-time data for key DeFi features like the AMM and lending protocols. This represents a significant step forward for institutional-grade DeFi.

The XRPL DID amendment went live last week, marking yet another significant milestone for XRP Ledger. DID is a unique, user-owned identifier that is not controlled by any central authority.

Use cases for XRP price oracle

Many upcoming XRPL protocols will require oracles, such as the XRPL Lending Protocol for lending rates and liquidation management, as well as the XRPL AMM and DEX for determining asset prices across all Web2 and Web3 marketplaces. The XRPL EVM Sidechain will also need it to support EVM smart contracts and quick data syncs between the mainnet and sidechain.

Related

Tokenized assets would also require an XRP price oracle. In February, Ripple and Zoniqx announced a partnership that will bring Zoniqx’s asset tokenization infrastructure to XRP Ledger. This would require that the prices of real-world assets be streamed on-chain in real time.

Crypto wallet thefts soared to a new peak in 2022, with Chainalysis reporting nearly $3 billion in stolen digital assets globally. This alarming statistic underscores the critical importance of selecting a robust wallet for securing crypto investments. A wallet does more than store crypto; it fortifies access to it, making security a vital concern.

Plus Wallet steps up, offering a stronghold of security designed to keep assets secure. With advanced encryption, Plus Wallet ensures that private keys—the essential components of any wallet—are kept locally on each user’s device, not on external servers.

This arrangement guarantees that no one, not even Plus Wallet, can access keys remotely. Additionally, Plus Wallet incorporates Face ID and PIN authentication, enhancing its security with methods that are both effective and accessible.