VELES — platform for creating bots on the cryptocurrency market

Retail trading automation platform Veles.Finance has raised $500k in a closed pre-seed round with business-angels and private decentralized fund DF101 as investors.

Bitcoin entered September with a 12% drawdown and did not show any serious dynamics all month long. TON coin showed a 51% movement. The U.S. inflation rate rose to 3.7%, up from the previous reading of 3.2%. Bitcoin reacted with a short-term rise.

August proved to be challenging for traders in the cryptocurrency market, serving as a reminder of the importance of prudent risk management and a strategic approach to trading.

At Veles.Finance, we have always been skeptical of backtests: they do not predict price movements, but merely confirm the reality of the past. And history, especially in trading, does not tolerate the subjunctive mood. Today, we have decided to challenge the results of backtests and invite all interested parties to participate in our experiment.

Bybit is organizing the WSOT 2023 tournament in August. For users who will be trading from the Veles team, we are holding an internal contest with branded and cash prizes. The level of professionalism is not important. Even beginners with modest deposits are welcome.

The second month of summer closes with uncertainty. In July, the annual inflation in the USA slowed to 3%, triggering a rise in Bitcoin’s price. At one point, the coin’s price surged to $31,800, reaching its yearly maximum. As of today, the price of Bitcoin is trading at around $29,400.

We have updated the ready-made bots showcase. Explore the mechanics of the market with $1 or collect Bitcoin during price dips. Settings vary in risk levels, and there is a recommendation for each of them.

June was not easy for traders. The overall negative backdrop of SEC lawsuits against Binance and Coinbase led to a string of liquidations in the market. For its part, Binance accused the SEC of creating confusion and deliberately misleading the community. Nevertheless, buying forces are gaining momentum – last week bitcoin renewed its yearly high and hit $31,400.

Every trader first and foremost tracks price development, buying power and market trend. As a rule, a trend is a phenomenon of short duration. More often the price goes in a flat or sideways, you can call these pro-trends in different ways. If you look at the yearly picture of bitcoin, which sets the rate for all other coins, all bitcoin does during that time is go down. But if you study the whole history since its inception, it’s going up. It’s all about timeframes and cycles!

The crypto community remains in a frenzied anticipation due to the approval of trading in China for a number of major exchanges, but May didn’t leave us without entertainment. Meme coins continued to manage the crypto market, and the sensational PEPE token took the third spot in the top market capitalizations with a rise in the price of more than 400%.