DeFi Alpha Call #26 Recap
Market Overview, NFT Roundup & Tutorials
Hello Defiers! This is a recap of our latest DeFi Alpha Call that took place on 11/07/2022 in Discord.
02:03 Market Overview
09:08 NFT Roundup
23:28 Starter Tutorial - Lend USDT for 12.4% APY to undercollateralized borrowers on TrueFi
28:44 Degen Tutorial - Using the SUI Testnet for a potential airdrop.
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What do we have this week?
Dollar looks promising
This year has gone pretty much as expected for a year with midterm elections. If the pattern stays the same, the rest of the year should be smooth sailing.
After the results are out, the market should take some time to think about them and then move on. But we have to consider that, from the Fed's point of view, this year is definitely not normal.
The S&P gave up some of its gains, but it seems to be getting better again. We need to keep an eye on this because of the link we've seen between crypto and the stock market.
Right now, the 200-day moving average is acting as a resistance. The 200-day is basically the line in the sand that separates a bullish trend from a bearish one. We've finally come back to test it. Now, the question is whether we'll get rejected again at this trend line and go back to support or whether we'll just break out from here. That's the million-dollar question.
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