AltSignals Blog

Bitcoin candlesticks have evolved as an essential trading tool for digital currency traders. Originally invented by Rice trader, Honma Munehisa, in the 18th century, Bitcoin candlesticks simplify understanding market sentiment and trends. This article covers how to use Bitcoin candlesticks for effective trading, highlighting their utility in understanding bullish and bearish market patterns. Furthermore, the article discusses the benefits of combining these candlestick charts with other technical indicators like MAs or RSI for making informed Bitcoin trading decisions. An ideal read for those keen on venturing into the world of Bitcoin trading, the article is a beginner-friendly tutorial on crypto candlestick charts.

AltSignals announces the winners of the $ASI token Dex-Trade listing giveaway, awarding over $10,000 in trading prizes. This marks a significant milestone following the successful launch of $ASI on Dex-Trade, positioning AltSignals as a leader in AI-driven trading. Stay tuned for more campaigns and opportunities to benefit from advanced crypto tools.

“Sonic cryptocurrency experiences a dip in price as it falls 15% on June 13th, closer to losing a billion in market capitalization. Factors such as geopolitical tensions, negative funding rates, and reduced network activity contribute to the downward trend. The declining price further matched with unfavorable technical factors could maintain the pressure on Sonic’s market performance. Read on for an in-depth analysis on the cryptocurrency’s recent value shifts and future market predictions.”

Chinese tech giant Tencent is in talks for a potential acquisition of South Korean game developer Nexon. In the midst of a wider downturn in the blockchain gaming sector, Tencent aims to expand its footprint. Recently, it has also led a funding round for Chainbase, partnered with the Open Network, and joined China’s official metaverse working group.

Cross-chain infrastructure firm OneBalance secures $20 million in Series A funding, taking its total financing to $25 million. Led by Cyber Fund and Blockchain Capital, the round also received backing from Mirana Ventures and L2IV. OneBalance plans to use the funds to expand its workforce and enhance its cross-chain integration product, Toolkit. The product aims to streamline user experience by facilitating seamless cross-chain transactions. The company’s leadership includes Flashbots co-founder, Stephane Gosselin, who is serving as the CEO.

Trident Digital Tech sees stock fall 40% after announcing a $500 million financing initiative aimed at creating a corporate XRP Treasury. The Singapore-based firm plans on acquiring XRP tokens as reserves and using them for earning yields. The company also appoints Chaince Securities LLC as their strategic advisor.

Despite Ripple Labs securing a significant deal with Guggenheim Partners, XRP’s price experienced fluctuations. The launch of the Digital Commercial Paper (DCP) on the XRP Ledger has already processed over $280 million. Advancements like these, along with a future shift of its $10 billion in daily transactions to the XRP Ledger, could support XRP’s price. However, the XRP price shows a descending triangle pattern, indicating a potential bearish outlook. Further developments and analysis are discussed in the article.

Shiba Inu cryptocurrency observes a drastic drop in price with a 17.80% potential further downslide expected. Data indicates significant whale activity and a noticeable decrease in active accounts and transaction fees, as the coin struggles with underlying weak fundamentals. Features technical analysis of the ongoing crisis, along with intricate details of Shiba Inu’s drop and future predictions.

Amid bitcoin’s rise in mainstream finance, over 70 public companies have begun to invest in the cryptocurrency, igniting debates about the financial solidity of these companies. The act is seen by some as a strategic asset or a hedge against economic uncertainties, while critics perceive it as speculative and risky. This article discusses the companies’ motivations and the implications of their choice, as well as the potential risks and benefits associated with bitcoin as part of their treasuries.