- The blocmates Newsletter
- Posts
- š Narrative Hunters 'Oct Edition
š Narrative Hunters 'Oct Edition
Solana outage? No worries NFT szn, CME slams FTX and Defi is Tiktok
*cue music* Itās the final countdown! Yes anon we have entered into the final Q of the year with what many are anticipating to paaaaamp with a midterm rally, a fed pivot and Santa Claus making our wishes come true. If Uptober is a real thing and the mid-term rally really does happen then letās take a look at some potential hot narratives for October to bring our portfolios back to life.
You might have seen a bunch of CTāers tweeting from Token 2049 last week and the blocmates team went to get the alphaā¦hereās what was found.
PS, leave a comment if you want us to feature this at the start of each month.
But before we jump in, and if youāre new around here, then hit that subscribe button. Weāll keep you ahead of the trend, drop you some alpha and so much more.
In Todays Enclosure
ā¢ The Big Topic - Narrative Hunters āOct Editionā¢ Bitesized bits - Solana outage? No worries NFT szn, CME slams FTX and Defi is Tiktokāā¢ Chart of the day - $EGLD, what if?ā¢ Hidden Alpha - šµļøāāļø
š„ The Big Topic - Narrative Hunters Oct
Here we go anon, the final run-up to completing your new years resolutions, getting dressed up like a ghostbuster for Halloween, and opening up an endless box of quality street chocolates!
So in preparation for of Uptober, the midterms, and the FEDs potential pivot as the SPX has rugged us faster than a sleepy dev in the microcap space, letās take a look at where the attention might be placed.
What the Fed?!
Letās start with What the Fed is coming this month with notable dates as thereās a lot that can move the market. Check out the Forex Factory for more details and to keep up to date. All times below are UTC + 1 (UK time).
ā¢ Tue Oct 4 at 3:00 pm - JOLTS Job Openingsā¢ Fri Oct 7 at 1:30 pm - Non-farm employment change & unemployment rateā¢ Wed Oct 12 at 7:00 pm - FOMC meeting minutesā¢ Thurs, Oct 13 at 1:30 pm - CPI & Core CPI m/mā¢ Wed Oct 19 at 7:00 am - CPI y/yā¢ Fri Oct at 1:30 pm - Core PCE Price Index m/m
World Cup ā22 Itās Coming Home!
Thatās right, the Fifa world cup is right around the corner so it only makes sense to keep an eye on world cup narrative tokens.
ALGO partnered with Fifa which is a news attention economy hype, but it works. Keep an eye on the volume in the chart to see if insiders are front-running any news.
CHZ and Fan tokens as the closer we get the more patriotic each nationās fans become. Keep in mind that socios.com signed a $20m contract with Argentinas Lionel Messi.
zkSync hits mainnet
We should see this go live towards the end of the month so it would make sense that thereās a narrative pump around zero-knowledge protocols and the zkSync ecosystem.
Weāll keep an eye on this to see if this narrative has the same impact as Optimism. Check out this guide on ZKās and some project ideas.
Potentially keep RSR on your watchlist as they hit mainnet on October 10th
Solana Killers
The time is near and VC-funded hype trains APTOS and SUI could make more of an impact. We broke down the two protocols on Friday so check out the article here. Weāll keep you posted in the discord on the early movers and airdrop potential. There are going to be VC sharks over there but on a new, shiny, VC-heavy funded chain there will be opportunities RIPE for the picking.
LiteCoin & Elrond
Weāve seen it time and time again, conferences have been a catalyst to pump tokens in a buy the rumour sell the news fashion, just look at ATOM. Even new tokenomics haven't proped the price of ATOM up.
Litecoin summit is on October 21-22 in Las Vegas featuring WWE legend Danielle Moinet, UFC ālegendā Ben Askren, and plenty of industry leaders and Litecoin devs.
Elrondās X Day hosted in Parisā iconic Palais Brongniart on November 3-5. Remember what EGLD did in the previous bull run? Yeah, devs have been quietly working on Staking Phase 4, Elrond Gamify and Defi 2.0 Lending & Synthetics (and more) coming out by EOY.
CRV Stablecoin
If youāve been following the Curve narrative then youāll know CRVusd is supposedly coming out this month. Weāll probably know when insiders have been buying by big random spikes volume candle spikes on the chart.
Our Take
Thereās plenty more but these are some of the potential hot up and coming narratives for October and to sum it up in a TLDR fashion:
ā¢ What the Fed?! Plenty of dates that could move markets.ā¢ World Cup is almost here and football narrative tokens could moon.ā¢ zkSync hits mainnet, so we may see its ecosystem or ZK narrative plays pop.ā¢ APTOS and SUI ecosystem playsā¢ Litecoin and Elrond conferences are coming, buy the news sell the rumour?ā¢ CRVusd, stables are hot topic and curve is defi lamas #2 in TVL
š The Bitesized News Bits
Solana Outage? No worries as Solana NFT mints continue to hit all-time highs in September. Solana NFT szn?!
CME slams FTX.US, and then does a 180 and āproposes to regulators its own plan to offer derivatives trading directly to consumers.ā
The bottom is in? As crypto exchanges reported a 16% increase in trading volume after a 3-month lull or were it just a bunch of LUNC degens aping in?
The future of Defi is in TikTok, as more and more degens use the platform to seek out crypto wisedom. Could the combo of Tiktok, Reddit, and trading app Robinhood be the trigger needed for mass adoption?
Is the ETH merge priced in? Arthur Hayes, Co-founder of BitMex believes it isāt and is probably 6-12 months away from that light bulb āohhhh now I get it moment".ā
š” Chart of the day: $EGLD
Our Take
What if? EGLD is forming a W on the weekly chart, which if you know your patterns is bullish. Looking at momentum Oscillators such as RSI, MACD, and OBV are starting to curl to the upside. We mentioned above that EGLD is having a conference in November so could this be a sign of whatās to come?
Bullish case, if the momentum continues then we could see EGLD push up towards the $53-54 zone where its first major resistance is.
Bearish case, if the market nukes then a $44 or below EGLD is potentially on the cards regardless of the up-and-coming bullish catalysts.
š¤ Hereās the Deel
and a quick word from our super awesome sponsors who help us make this all possible
If you are a builder in this space and are hiring a remote-first team take a look at one of our partners, Deel. They allow you to hire, manage, onboard, and pay from anywhere in the world without the hassle. Yes, Deel allows you to pay your team in crypto tooā¦
š¦§ Updates from the bloc
The latest thread
Hereās a great ready from @ColdBloodShill on becoming a better trader. One of the best things you can definitely do is find your tribe within the space to learn, share ideas, and generally have a good time.
Want to become a better trader?
Here are my top 10 pieces of advice for speeding up your learning process.
š§µš
ā Cold Blooded Shillver (@ColdBloodShill)
2:22 PM ā¢ Sep 27, 2022
The latest podcast
One from the archives with @SeiNetwork. Since speaking to the team they have secured $5m in funding along with a number of key partnerships including @Nitro_Labs (bridging Solana over to Cosmos) who we spoke to last week and will be releasing the podcast very soon.
š Monday Motivation
Applying what youāve learnt in the virtual world and applying it to the real world is a super useful skill. @blocmatesdotcom does exactly that by making a fair game trade over a few cheeky ones and looks like he bagged himself a pair of fresh (Guccis) slip ons.
I leave the house with my shoes on, go for a few drinks, now my shoes are gone and all Iām left with are THESE lmaoooooooooooo I wasnāt even that drunk
ā blocmates. (@blocmatesdotcom)
3:29 AM ā¢ Oct 2, 2022
šµļøāāļø Hidden Alpha
Soooo you want a 5-minute head start against the rest of the market, well here are our picks to add to your watchlist:
Scroll up ANON, weāve just given some of the hottest narratives that are coming this month.
Stables, responsible trading through chop.
š¦ The Ape Enclosure
Weāre ready to ape in, at any time. Got a good idea that needs funding? Send us an email with all of the info to [email protected] - Equally, if you would like your project to be featured in our Sponsor Section, contact us and we will see if it is a good fit for our audience!
Reply