Young Platform and TradingView: the partnership is renewed!

Trading View and Young Platform: Partnership Renewal

Young Platform has renewed its partnership with TradingView, the platform that has revolutionised the way markets are analysed. 

We are proud to announce that our partnership with TradingView, the most widely used platform for analysing the charts of major assets, including cryptocurrencies, has been renewed.

What does this mean in a nutshell? On Young Platform Pro, our dedicated crypto trader exchange, you have all the most popular tools of this powerful, sophisticated and comprehensive platform at your disposal. Indicators, tools, sliders and drawing tools, you have everything you need to fulfil your potential and become a better trader!

What, in short, is TradingView?

TradingView is the world’s most widely used technical market analysis platform. It is an essential resource for traders wishing to consult charts and carry out in-depth analysis to find the right entry and exit points for a position.

TradingView has conquered the market thanks to two key features, especially when dealing with a discipline as complex as trading: ease of use and customizability.

In this sense, it is the perfect tool for novice traders who want to follow the price of a particular asset, such as Bitcoin. It is also perfect for experienced traders who need professional tools, which the platform itself provides.

TradingView and Young Platform: a trading experience without limits 

Another great strength of TradingView concerns its ability to adapt to trading platforms and exchanges, in the case of the crypto world. 

Thanks to this feature, and the resulting collaboration between Young Platform and Trading View, you will find all the indicators and tools you need for in-depth analysis on our exchange Pro. In other words, you can study the charts in one virtual space, finding your setups every time you log in.

You can plot trendlines or use an exponential moving average, for example, to find the perfect time to buy your favourite crypto. No matter how long this scenario takes to play out, once you log in, you will find everything as you left it.

Here are, in detail, the main advantages of integrating TradingView on Young Platform Pro:

  • Enhanced crypto charts: use the many trading indicators at your disposal to perform your technical analysis;
  • All your tools in one place: draw lines or geometric figures, draw, colour certain sections and write your notes directly on the chart;
  • Your drawings and analyses remain there, where you left them;
  • You can view all your open orders directly on the chart and keep track of your trading strategies.

Now that you know how the collaboration between Young Platform and TradingView works and what benefits it brings, you just have to start trading in a, truly, professional manner.
Keep following our blog so you don’t miss upcoming updates to Young Platform Pro to test the indicators, drawing tools and tools by TradingView.


Will Bitcoin reach $100,000 after the halving?

Bitcoin's price after halving

Bitcoin reached a new all-time high in March. Will it reach $100,000 after the April halving?

What happened in March had never happened in history. The price of Bitcoin had never reached a new all-time high before the halving, scheduled for 19 April (the date may still change).

Since the first target (a new all-time high) has already been reached, it is necessary to identify the next one. In this sense, the most sensible one seems to be the $100,000 mark, a key price zone since the last bullish cycle. According to the Stock-to-Flow model, it was the ‘final’ target for Bitcoin’s price. 

Will BTC reach $100,000 after the next halving? We try to answer this question by analysing the halving mechanism, what happened during past cycles and the macroeconomic situation.

Buy Bitcoin!

Halving as a ‘marketing move’

In the past, every halving has had an impact on the price. Not only does the event lead to a reduction in BTC issuance, but it halves it. Certainly, the decrease in Bitcoin’s inflation, which currently stands at around 1.7% and will fall to 0.85% after halving, impacts the asset’s value, especially in the long term. However, the effect this event has on the price of BTC is also different.

Specifically, it can be understood as an arguably unintentional ‘marketing strategy’ of Bitcoin’s creator, Satoshi Nakamoto. This is because Nakamoto designed Bitcoin’s blockchain so that the halving happens suddenly, catalysing attention and stimulating debate around the cryptocurrency. 

In fact, the decrease in BTC issuance does not occur gradually, as is the tokenomics of many other cryptocurrencies, but every 210,000 blocks, i.e. about four years

In this way, halving becomes, by necessity, a major event that every industry enthusiast eagerly awaits. But that is not all. Due to its periodic and regular nature, this mechanism not only punctuates the cyclical price movements of BTC but also attracts the attention of the mass media and individuals hitherto opposed to this technology.

Faced with this scenario, the days leading up to halving represent a potentially strategic moment for those considering buying but cannot decide on the best time. 

Buying Bitcoin now could allow you to position yourself before the combined effect of reduced issuance and increased interest drives possible price appreciation. While the exact outcome of the halving remains uncertain, history suggests that the event could be followed by an upward phase, making these last few days an opportunity for those wishing to buy BTC to consider it carefully.

C

Follow the Bitcoin price!

The possible imminent interest rate cut

The upcoming halving of Bitcoin comes at a particularly relevant time in history from a macroeconomic point of view. Mainly because interest rates are expected to be cut by the major central banks, including the Federal Reserve (FED) and the European Central Bank (ECB), presumably starting in June. 

This scenario could act as a catalyst for assets considered more volatile or risky, such as equities and, in particular, Bitcoin and other cryptocurrencies. In an environment where high-interest rates offer attractive returns, investors, and significantly institutional investors, tend to prefer safer investments such as government bonds or government securities. 

However, as interest rates and, consequently, the yields offered by these instruments fall, capital shifts towards riskier but potentially more profitable assets.  

This context of falling interest rates opens the door to increased interest from institutional investors in the cryptocurrency market, particularly Bitcoin.

In addition, the recent introduction of Spot ETFs on Bitcoin has proven to significantly impact the price of BTC, further underlining the importance of institutional investment in the sector. These instruments offer a more accessible and regulated means for these actors to access the cryptocurrency market, acting as a bridge between the traditional financial and cryptocurrency worlds.

Consequently, this scenario sets the stage for a potential bullish rally for BTC. Investors attentive to these macroeconomic and market dynamics might find an additional motivation to consider Bitcoin as an integral part of their portfolio in this context.

Bitcoin’s price after halving in history

Finally, to estimate the impact of halving on the price of Bitcoin it may be useful to look back. How has halving affected the price of BTC in past bull markets? To oversimplify the question and provide a straightforward answer, halving has always had a positive impact.

In the months following the first halving in history, which took place on 28 November 2012, the price of Bitcoin rose from a price of $12 to a high of around $1,000

The following year (2016) also positively affected Bitcoin’s price action; the value of BTC reached the historic $20,000 level from the $650 level

The last halving in 2020, although it generated a lower price increase than previous halvings—740% compared to 2,900% in 2016 and 8,300% in 2012—allowed Bitcoin to reach an all-time high of $64,000. On 11 May 2020, the day Bitcoin’s issuance halved, the price of BTC was $8,000.

What will happen in the coming months? Will the halving, cutting of interest rates, adoption of spot ETFs, and thus the entry of institutional investors contribute to Bitcoin’s price increase?

THORChain (RUNE) Now Purchasable on Young Platform – Everything You Need to Know

THORChain (RUNE), one of the most successful DeFi projects regarding blockchain interoperability, has officially been listed on Young Platform and Young Platform Pro. This exciting development means that users can now easily purchase, store, and sell THORChain (RUNE).

THORChain: What You Should Know

THORChain (RUNE) was developed to enable the exchange of cryptocurrencies from different blockchains, which are often inherently incompatible. This has led to the creation of THORSwap, a decentralised exchange (DEX) with an Automated Market Maker (AMM), as the flagship product of this infrastructure.

At the heart of this protocol is the native token, RUNE. It is essential for conducting exchanges as it supports the payment of transaction fees and forms the primary component of liquidity pools.

Furthermore, holding RUNE allows individuals to participate in the decision-making processes regarding the future of THORChain, positioning it at the centre of its governance mechanism.

How to Use THORChain on Young Platform?

Young Platform and Young Platform Pro offer several features for THORChain (RUNE), including:

Embark on your journey with THORChain (RUNE) on Young Platform today. Discover DeFi’s endless possibilities and take part in the future of finance. Join us now and start exploring the dynamic world of THORChain on Young Platform.

Warning! Rune can only be bought and sold but not withdrawn or deposited by and on Young Platform. For more information, please read our Terms and Conditions.

Rare Cents: What are they, and what is their value?

Rare Cents: What Are They? Value and useful information

Find out which cents are rare. Many of them have a value you might not expect! Here are all the curiosities you need to know

Rare cents represent a topic of considerable interest for numismatic enthusiasts and the merely curious. 

Very often, it happens that you rummage through the drawers of old houses or even old clothes and come across some rare coins (here is a complete list of the most exceptional ones) that lead you to wonder not only if their value is higher than that of classic specimens, but also how to recognise them. 

Rare Cents: Introduction to Cuts

As we all know, 2002 was the year in which Italian and European citizens witnessed a revolution: national currencies were replaced by the euro. Euro coins are now available in different denominations: 

  • 2 euros (€2.00)
  • 1 euro (€1.00)
  • 50 cents (€0.50)
  • 20 cents (€0.20)
  • 10 cents (€0.10)
  • 5 cents (€0.05)
  • 2 cents (€0.02)
  • 1 cent (€0.01)

We will focus our attention on the smaller denominations in this article. In circulation, different types of rare cents have a higher or lower value depending on the case.

50 cents rare 

Among the most sought-after small denominations of the single currency throughout Europe are certainly the rare 50 centimes. The value of which fluctuates depending on the individual specimens, which, by the way, are numerous, so in this article, we will focus only on the best known. 

Among them, how can we not mention the 50 cents of 2007? Most of the 50-cent coins in circulation today date back to 2002. The 50 cents of 2007, on the other hand, are scarce to find, although 4,994,490 examples were minted (data from moneterare.net). The reason for this difficulty in finding the coin despite its high mintage is still unclear, but what is clear is certainly its value: from €2 to €10 if in Brilliant Uncirculated condition (without signs of circulation).

Then there are the 50 Cent Rare Malta, especially those of 2011, 2012, 2014, 2015 and 2021. Their value here, too, could be higher, between EUR 1.5 and 2.5 in BU. 

With the exclusion of the 2002-2003 vintages, the 50 Cent Rare Monaco are also considered attractive by numismatic experts, and their value starts to rise from EUR 10 to EUR 50. 

For the 50 Centesimi Rari Vaticano, divided into 6 series, one can go as high as €55, while those of Portugal 2007 are around €50.

20 centimes rare

Generally speaking, 20-centimes are rare if they obviously have peculiarities, such as minting errors or metal surpluses. In such cases, their value ranges from 3.25 to 55 euros. On the other hand, the few specimens stolen before the withdrawal of the 20-cent coin with the 1999 minting year issued in 2002 have no value. 

10 cents rare

Among the most exciting coins are those of 2008 Malta, worth EUR 1 in Brilliant Uncirculated, or even those minted in 2002, whose manufacturing errors led to quotations from EUR 236 to EUR 288.

5 cents rare

In the case of the 5, additional clarifications and distinctions have to be made based on the individual specimen. All quotations below are in Brilliant Uncirculated: 

  • 5 cents of 2002 from Ireland, Portugal, Greece and Spain: 1€
  • 5 cents 2008 of Malta with Mnajdra temple engraving: 1€
  • 5 Centesimi 2003 of San Marino: 10€
  • 5 cents 2002 of the Vatican Mint: 40€

1 cent rare

The rarest 1 cent in existence today is the one that resulted from a mistake: the coin in question has the engraving only on the reverse side and lacks the year of minting. Its value? About 550€ in BU. 

Other specimens, however, have much lower quotations. The 2004 rare 1 cent from Greece, Luxembourg and the Netherlands is worth €1, while that of San Marino 2003 is around €10. The 1999 coin of the Netherlands is worth around €1.20, while the Maltese coin with the image of the temple of Mnajdra is worth €2.

Not to be forgotten is the rare 1-cent Mole Antonelliana, on which the image of the 2-cent coin was minted by mistake. Its value is around 2,500€/3000€. 

Rare Cents and Bitcoin

Obviously, there are many more rare cents in circulation than those described in this article. What is clear, however, is that rarity is a fascinating aspect not only for experts in the field. The rarer a good or asset is, the more its value tends to increase. A concept that can also be found in the cryptocurrency sector is that bitcoins, for instance, are considered rare because their protocol provides a maximum supply limited to 21 million coins

This limit is designed to create a form of inherent rarity in the system. Unlike traditional currencies, which can be printed in unlimited quantities, the amount of Bitcoins in circulation is limited, affecting their perception as a rare and valuable resource. This is why many choose to buy when the price of BTC is lower (as in the current market phase), to get the crypto by paying less than those who will instead wait for the market to rise. Rare pennies and Bitcoin, in short, have more in common than one might imagine!

Rare Coins: What are they, and where can you sell the 1 and 2 euro ones?

Rare Coins: What are they, and where can you sell the 1 and 2 euro ones?

What are rare coins? Are they worth a fortune? Here’s what they are and where to sell euros, lira and precious foreign coins

Rare coins are a very lucrative area of collecting. Numismatic enthusiasts are always on the lookout for the most valuable specimens. But also, for those out of the loop, it is interesting to find out which coins are the rarest; maybe a treasure is hiding in some abandoned drawer! Here are the rarest 2 and 1 euro, lira and foreign coins and where to sell them. 

Rare Coins: How to understand which ones have value

How do we know which coins are rare? In the case of euros, a coin can become rare, and therefore collectable, due to several factors: 

  1. Minting errors: the best-known case is the Italian 1-cent coin of 2002 that was printed with the wrong monument on the reverse. Instead of Castel Del Monte, this coin was minted with the Mole Antonelliana (depicted on the 2 cents instead). This error, discovered too late when the coins had already been issued, makes the coin extremely rare. Its value ranges from EUR 2,500 upwards. 
  1. Mode of issue: some rare coins are such because the mode of distribution has made them difficult to trace. This is the case with Finland’s 2 euro commemorative coins (2004). These coins were not bundled together but scattered in the normal 2-euro ‘rolls’, like the Chocolate Factory’s golden tickets. 
  1. The issuing state: the country that distributes the coins can also make them rare, affecting quantity and availability. Tiny Eurozone states, such as Andorra, issue them in limited numbers. Some coins are rare because they are the first issued by a country that chooses to adopt a single currency, as was the case with Slovenia in 2007. 
  1. Commemorative coins: in the case of euros, rare commemorative coins can only be 2-euro coins (this is specified by the ECB, which, among other things, approves the maximum volume of commemorative pieces that each State can issue each year). These are more easily found in circulation and become rare only in some instances we will see later.  

To understand which coins are rare, the criterion of rarity applies, i.e., the fewer specimens there are, the more valuable they are. This principle applies especially to rare antique coins that are no longer produced. It must also be specified that coins become more valuable if their state of preservation is close to the original one (‘Brilliant Uncirculated’). 

Rare 2 euro coins

Let’s see which are the rarest 2-euro coins in circulation. This category mainly includes commemorative coins. Here are the most valuable ones: 

  • Finland 2004

This rare coin has a value of about 50 Euros; as anticipated, it is valuable because it is challenging to find. It depicts shoots growing upwards from a pillar, the first representing the new countries that joined the European Union, while the pillar is the institution itself. 

  • Principality of Monaco 2007

These are the rare 2 Euros of Grace Kelly, issued on the 25th anniversary of her death. This coin is precious because only 2,000 were minted. It has a value of around €2,000. 

  • Vatican City 2005

Rare 2-euro coins include the one issued in 2005 to celebrate World Youth Day in Cologne: This counts 100,000 examples, and its value is around €300. 

  • San Marino 2004

This rare 2-euro coin has 110,000 units worth between 100 and 300 euros. It depicts Bartolomeo Borghesi, an Italian historian. 

  • France 2019

Ranging in value from EUR 40 to EUR 100, there are rare 2-euro coins from France featuring characters from René Goscinny’s Asterix and Obelix comics. 

  • Slovenia 2007

Slovenia has issued 400,000 rare 2-euro coins to celebrate the 50th anniversary of the Treaties of Rome that led to the birth of the European Union. These are worth around €50. All Eurozone states minted this coin with the same image (an open book and the inscription ‘Europe’), only the inscription is in the various national languages.

Rare 2-euro non-commemorative coins, i.e. those issued routinely by Central Banks, include those of Greece 2011 (15,000), Greece 2007 (20,000), Greece 2004 (30,000), Cyprus 2013 (90,000), Cyprus 2015 (100,000).

Rare 1 euro coins

If you are looking for rare 1 euro coins, you have to consider that there are no celebratory specimens as in the case of the 2 euro. Rarity consists only of the limited edition and the year of issue. Let’s look at some examples. 

  • Andorra 2018: circulation 20,000 
  • Austria 2012: print run 60,000 
  • Belgium 2013: circulation 25,500
  • Cyprus 2013: circulation 100,000
  • Estonia 2016: circulation 20,000
  • Finland 2018: print run 50,000
  • France 2015: circulation 35,500
  • Germany 2018: circulation 42,625
  • Greece 2017: circulation 16,200
  • Ireland 2016: circulation 89,000
  • Latvia 2018: circulation 7,000
  • Lithuania 2018: print run 5,000
  • Luxembourg 2018: circulation 63,000
  • Malta 2014: circulation 25,000
  • Principality of Monaco 2011: circulation 7,000
  • Holland 2017: circulation 47,017
  • Portugal 2012: circulation 44,000
  • Republic of San Marino 2016: circulation 30,400
  • Slovakia 2018: circulation 17,300
  • Slovenia 2018: circulation 8,750
  • Vatican City 2005: print run 60,000

Rare coins: lire

Some rare coins are now out of use, like our old lire. Before rummaging through grandma’s drawers, here’s a list of those worth a fortune! 

  • 10 lire of 1947: depicting an olive branch and a winged horse, they can be worth up to 4,000 euros if in good condition.
  • 2 Lira 1947: this coin was minted on the occasion of the signing of the peace treaty with the victorious states of the Second World War on 10 February 1947. It depicts an ear of wheat and a farmer worth about EUR 1,800. 
  • 1 lira of 1947: This rare coin depicts an orange branch and a woman with a crown of spikes. It is one of the rarest pieces, with a value of over 1,500 euros. 
  • 50 lire of 1958: depicting the god Vulcan working with metal and the inscription ‘Repvbblica italiana’, it was minted in 800,000 examples. It is worth up to 2,000 euros. 

Generally speaking, the most valuable lire are those minted between the 1940s and 1950s; to be sure of their value, it is necessary to rely on expert advice. 

The world’s rarest coins 

Even among foreigners, there are rare coins worth staggering sums: 

  • Flowing Hair Silver Dollar: this is a 1794 dollar that has reached a valuation of $10 million. It is valuable because it was the first coin the US federal government issued in the first mint in Philadelphia. 
  • Double Eagle: another dollar with an incredible history. In 1933, President Roosevelt ordered the destruction of the gold series of that year, which had 445,000 units. Ten units, however, were not disposed of by the Secret Service over the years, but managed to track down all of them. The last one was owned by King Farouk of Egypt and was auctioned for $7.6 million
  • Brasher Doubloon: this coin was privately minted in 1787 by goldsmith Ephraim Brasher. It was purchased in 2011 for $7.4 million.
  • Edward III: There are only an estimated three copies of this ancient coin worldwide; one sold for $6.8 million. It was a gold coin used between 1343 and 1344. 
  • Gold Dinar: an ancient gold coin issued by an Arab caliph of the Umayyad dynasty around 700. The Gold Dinar is made of 4.75 grams of gold and was sold in 2011 for $6 million
  • Liberty Head Nickel: a 1913 US 5-cent coin minted ‘clandestinely’. There are only five examples globally, three of which are privately owned. In 2018, one was sold for $4.5 million. 
  • Queen Elizabeth II: A gold pound sold at auction for $4 million, depicting Queen Elizabeth II Queen from 1953 to 2022. 
  • Queller’s dollar is an 1835 silver dollar from the Queller’s collection, sold in 2008 for $3.7 million. 

Rare Coins: Where to Sell?

After this overview, the question arises: Where do you buy or sell rare coins? If you are an expert and are familiar with the ones you have in your hands, getting by might be the best solution, which is why it is helpful to frequent flea markets or specialised online marketplaces. Copies can also be found on eBay, where you should beware of scams. If, on the other hand, you are wondering where to sell rare coins as a beginner, the best choice is to rely on professionals such as numismatic shops or auction houses, which are also online (such as Catawiki).

APT, JUP and ICP arrive on Young Platform

APT, JUP and ICP available on Young Platform

You can now buy three new cryptos on Young Platform: learn all about Aptos (APT), Jupiter (JUP), and Internet Computer Protocol (ICP)! 

From now on, you can buy and sell APT, JUP and ICP on Young Platform! Deposits and withdrawals are not available for these cryptocurrencies. For more information, please read our Terms and Conditions. 

Find out how these blockchain projects work to see if they are for you!

What do you need to know about Aptos (APT), Jupiter (JUP), and Internet Computer Protocol (ICP)?

Aptos is a Layer 1 blockchain that uses a Proof-of-Stake consensus algorithm to validate transactions on its network. This network is programmed in Move, a language for writing smart contracts, developed by Meta (formerly Facebook) in 2019. The project’s main aim is to enable the creation of user-friendly decentralised applications that can be used even by those unfamiliar with the technologies involved.

On the other hand, Jupiter is a fledgling decentralised exchange native to Solana that aims to provide traders with an unprecedented DeFi experience. On Jupiter, one can easily place different types of orders and trade cryptocurrencies and derivative contracts. You can, for example, set up limit orders executed when a token reaches a predetermined price or create your automated dollar cost averaging (DCA) or recurring purchase strategy.

Finally, Internet Computer Protocol (ICP) calls itself the ‘global computer’ since it connects a network of dedicated devices that, in effect, constitute a decentralised ecosystem. It is, to all intents and purposes, a Layer 1 blockchain designed for less experienced users that aims to replace Web2 infrastructures thanks to its decentralised data storage mechanism.

How to use APT, JUP and ICP on Young Platform

Here are all the features available for Aptos (APT), Jupiter (JUP) and Internet Computer Protocol (ICP) on Young Platform and Young Platform Pro:

  • Buying and selling with EUR
  • Recurring purchase
  • Creating a Single Coin Moneybox or Bespoke Bundly Moneybox

Guide to the 2024 US elections: everything you need to know, from the date to the candidates

US elections 2024: date, candidates and helpful information

The US presidential elections are getting closer and closer. What to pay attention to? 

US elections 2024: from the candidates to the exact date of the ballot call to speculation on the results, the world has already begun to wonder about the upcoming US presidential election. 

In this simple guide, the event will be reviewed so that you arrive prepared for one of the most eagerly awaited elections in the world, the 60th for the country. Moreover, in a few days, the primaries will begin defining the candidates who will compete for the United States of America president: who will win the 2024 US elections?

When are the next US elections? 

Presidential elections in the United States are held every four years on the first Tuesday in November. Therefore, the next US election will occur precisely on 5 November 2024. Voters will go to the polls to elect a new president, officially taking office on 20 January 2025.

These consultations are crucial in American democracy and attract national and international attention as they influence a wide range of global issues. That is why the focus on them is always at the highest level. 

Candidates

Before going into the details of the 2024 US elections, a few clarifications are in order. The party system in The Stars and Stripes is dominated by two main political parties: the Democrats and the Republicans. Both play a central role in US politics and exert considerable influence on the political process and elections at all levels of government.

In November 2022 came the first confirmation of participation, with Donald Trump announcing his candidature for a second (non-consecutive) term as head of the Republicans. A few months later, in the spring of 2023, President Biden made it official that he would run for a second term with the Democrats. These two influential names were joined by others, more and less well-known. From the outset, the Dems’ line-up was less dense than that of the Republicans. 

In summary, the candidates for the 2024 US elections for the Democrats are as follows: 

  • Joe Biden
  • Robert Francis Kennedy Jr
  • Marianne Williamson
  • Dean Phillips

The Republican candidates, on the other hand, are: 

  • Donald Trump
  • Ron DeSantis
  • Doug Burgum
  • Larry Elder
  • Nikki Haley
  • Tim Scott
  • Asa Hutchinson
  • Chris Christie
  • Mike Pence
  • Vivek Ramaswamy
  • Perry Johnson
  • Ryan Binkley
  • Will Hurd

But who, among these, will be chosen to lead each political party? The primaries at the beginning of 2024 will decide this. Primary elections are standard consultations in which voters choose the presidential candidates who will represent their party in the general election. 

It is worth mentioning that all candidates in US elections must comply with Article 2 of the Constitution: the person to be proposed must be a citizen from birth, must be at least 35 years old, and must have resided on US soil for at least 14 years.

US primaries 2024: who are the favourites?

The US primary elections are just around the corner, with voting for the Republicans starting on 15 January in Iowa and continuing in the other states in the following weeks and months. As is almost always the case in history, those in opposition (in this case, the Republican ones) are to be followed since it is scarce for the outgoing president, Joe Biden, to lose those on his side. Polls estimate that the current president is ‘the choice’ of almost 70% of Dem voters. However, given his no longer young age, the Democratic Party primaries could also hold surprises. 

On the Republican front, the favourite to date is still Donald Trump. According to recent polls on the US Election 2024, the tycoon has 47%, 45.7% and 53% of the support in the three key seats of Iowa, New Hampshire and South Carolina, respectively. In second place is Nikki Haley, the former South Carolina governor, who ‘controls’ 14.3%, 18.7%, and 22% of the electorate, respectively. Ron DeSantis, the current governor of Florida who looked like he could be the former president’s main antagonist, has lost ground in several caucuses (meetings where voters debate and vote for candidates) apart from that of Iowa, where he still has 17.3% of the vote.

US elections 2024 and cryptocurrencies

Those in the crypto sector will also watch the 2024 US elections closely. Indeed, US government policies are perfectly capable of influencing the regulation of virtual currencies. For instance, choices regarding rules, financial regulations or anti-money laundering laws can directly impact how crypto is used and traded in the US.

Some candidates or administrations may be more or less inclined to support technological innovation, including blockchain technology and cryptocurrencies. Therefore, policies aimed at promoting new technologies could have a positive impact on the ecosystem.

The consequences could also be fiscal and thus concern the taxation of cryptocurrencies (here all things to know about Italian regulations). More generally, positive news for the sector could increase asset prices with positive repercussions for the global crypto market. Will the 2024 US election candidates be able to stimulate the industry? 

You are on the blog of Young Platform, the Italian platform for buying cryptocurrencies. Here you can find the latest news on blockchain, Bitcoin and more. Follow us and stay updated on the US 2024 elections and much more.

What is automated trading, and how does it work

Automated trading: what is it and how does it work?

What is automated trading, and how does it work? An intelligent solution for asset trading 

Automated trading has emerged as a crucial component in the contemporary financial landscape, revolutionising how investors interact with financial markets. 

This system employs algorithms, and thus mathematical formulas, to execute buy and sell orders, entrusting a computer programme with the task of operating according to well-defined trading strategies. But what exactly does this approach entail, and its advantages and disadvantages? In short, what is automated trading, and how does it work?

Automated trading: what is?

Automated trading enables you to participate in the financial markets using a computer program that executes trades based on predetermined entry and exit conditions. Traders typically use a combination of technical analysis and setting parameters for their positions, such as opening orders, trailing stops, and guaranteed stops. Automated trading handles trades automatically from start to finish, so you can spend less time monitoring your positions.

Automated trading allows you to execute many trades quickly while removing emotion from trading decisions. All the rules of the trade are already built into the parameters you set. Additionally, some algorithms allow you to use predetermined strategies to follow trends and trade accordingly.

Automated trading: how does it work?

Automated trading systems rely on algorithms or indicators to determine the appropriate times to buy or sell a particular asset. These computer programs may use indicators like the RSI, MACD and Bollinger bands or more complex mathematical and statistical analyses. Once programmed, they operate autonomously, following preset guidelines. 

One of the main strengths of these tools is that they allow investors to maintain a more detached approach. However, it is still necessary to constantly monitor that everything is working correctly. Those who use automated trading tend to be less emotionally involved, a strength when trading in the financial markets. In this sector, emotions can, in fact, condition or even destroy correct and rationally constructed strategies.

How widespread is it?

Knowing what algorithmic trading is also means knowing how popular it is worldwide. This market (or sub-sector) is steadily expanding and is gradually winning over many institutional investors (investment funds and large banks) and retailers or retail investors.

Globally, the trading industry has been valued at USD 2 billion in 2022, while the annual growth rate is about 7%. This means that it is estimated to reach a value of 3.5 billion by 2030. The main reason for the recent expansion is related to the increasing quality of these instruments that have become, over time, more and more accurate and reliable

Automated trading: advantages and disadvantages

Automated trading, like any type of market trading, has advantages, disadvantages, risks, and opportunities. There are no recipes for success; each strategy or indicator must be placed in a specific context. This is why it is necessary to achieve adequate preparation and specific skills before venturing into the world of trading. 

The discourse may differ if one intends to buy and hold an asset over the long term. An easy strategy to set up in this sense is recurring buying, which requires periodic purchases at regular intervals. If this possibility intrigues you, you can explore Young Platform’s ‘piggy bank’ feature, an easy way to buy crypto by averaging the purchase price.

CTA

Returning to the central theme of this article, namely understanding what automated trading is and how it works, let’s look at the main advantages and weaknesses of this type of trading.

Advantages

  1. Less emotional involvement: automated trading, algorithms and indicators allow traders to trade according to a rigid strategy. This is very useful to avoid acting impulsively and not being influenced by the movement of the markets.
  1. Speed of execution: thanks to automatic trading, orders are executed almost instantaneously once the pre-set conditions occur. This way, more time can be devoted to planning the strategy, and the implementation phase can be experienced with peace of mind.
  1. Ability to manage several strategies at the same time: an automated system can follow several strategies or positions at the same time. This makes obtaining a sufficiently diversified portfolio easier, a fundamental component for trading and investing.

Disadvantages

  1. Need for monitoring from a technological point of view: contrary to what one might think, automated trading also requires supervision. If you choose to opt for this solution, you must be aware that it is necessary to monitor the functioning of the algorithm regulating the system.
  2. Risks of non-conforming performance: past performance does not guarantee future results, which may lead to overly optimistic projections.

In conclusion, having understood what automated trading is and how it works, it is worth reiterating that, although it offers numerous advantages, it has risks. Nevertheless, the number of trades handled through this modality is constantly growing.

FIL, STX, TRX arrive on Young Platform

STX, FIL and TRX available on Young Platform

You can now buy three new cryptos on Young Platform: find out all about Tron (TRX), Stacks (STX) and Filecoin (FIL)! 

Great news! You can purchase and trade TRX, STX, and FIL on the Young Platform. While you can deposit and withdraw TRX, you can only trade STX and FIL, as deposits and withdrawals are unavailable. For more information, please refer to our Terms and Conditions.

Find out how these profoundly different decentralised protocols work to decide if they are for you!

What do you need to know about Tron (TRX), Stacks (STX), and Filecoin (FIL)?

Tron (TRX) is a blockchain infrastructure that enables the development of smart contracts and the use of decentralised applications and NFT platforms. Its founder, known to most crypto enthusiasts, is the Chinese entrepreneur Justin Sun, who managed in 2017 to raise 70 million dollars through an ICO to support the project.

Stacks (STX) is a Layer 1 blockchain that enables smart contracts. This brings Ethereum’s universe of programmability to the Bitcoin blockchain. To achieve this, Stacks uses a unique consensus mechanism called Proof-of-Transfer. The mechanism requires continuous transfers of BTC to specific addresses predetermined by the network.

Filecoin is a distributed and dynamic cloud storage network that offers a powerful alternative to centralised services such as Amazon Web Services, Dropbox, iCloud, and Google Drive. The project aims to establish a decentralised and peer-to-peer cloud infrastructure.

How to use TRX, STX, FIL on Young Platform

Here are all the features available for Tron (TRX), Stacks (STX) and Filecoin (FIL) on Young Platform and Young Platform Pro:

  • Buying and selling with EUR
  • Recurring purchase
  • Creating a Single Currency or Customised Savings

Please note that you can only buy and sell Stacks (STX) and Filecoin (FIL) on the Young Platform, but you can’t deposit or withdraw them.

NEAR, SEI, STRK and SUI arrive on Young Platform

NEAR, SEI, STRK and SUI available on Young Platform

You can now buy four new cryptos on Young Platform: find out all about NEAR (NEAR), Sei (SEI), Starknet (STRK) and Sui (SUI) 

You can now buy and sell NEAR, SEI, STRK and SUI on Young Platform! Deposits and withdrawals are not available for Sei (SEI), Starknet (STRK) and Sui (SUI), while are available for NEAR (NEAR). For more information, please read our Terms and Conditions.

Find out how these innovative protocols work to decide if they are right for you!

NEAR (NEAR)

NEAR is an environmentally sustainable, scalable, fast and decentralised user-friendly Layer 

1 blockchain. This network, made secure by a Proof-of-Stake consensus mechanism, uses sharding. This means that its blocks are divided into smaller ‘chunks’ so that each validator node has to handle a smaller amount of data.

Sei (SEI)

Sei is a Layer 1 blockchain built on Cosmos that focuses on decentralised trading, NFTs and gaming. The protocol’s slogan, ‘The fastest Layer 1 for trading’, sums up the main peculiarities of this network: speed and scalability, which it achieves thanks to an innovative Proof-of-Stake ‘Twin-Turbo’ consensus mechanism.

Starknet (STRK) and what do you need to know?

Starknet is an Ethereum scalability solution using zero-knowledge rollup technology. In particular, this network uses zk-STARK cryptographic proofs to make the network competitive in terms of scalability, speed and security. These proofs group transactions in batches or ‘batches’, allowing them to occupy much less space and lower transaction fees.

Sui (SUI)

Finally, Sui is a fast and scalable Layer 1 blockchain made secure by the Proof-of-Stake consensus mechanism. To programme its smart contracts, developers use Move. This programming language was created by the same team responsible for developing Libra, the cryptocurrency Meta (formerly Facebook) designed that never saw the light of day. The consensus mechanism, consisting of the Narwhal, Bullshark and Tusk protocols, allows processing up to 120,000 transactions per second.

How to use NEAR, SEI, STRK and SUI on Young Platform

Here are all the features available for NEAR (NEAR), Sei (SEI), Starknet (STRK) and Sui (SUI) on Young Platform and Young Platform Pro:

  • Buying and selling with EUR
  • Recurring purchase
  • Creating a Single Currency or Customised Money Box

Warning. These cryptocurrencies can only be bought and sold but not withdrawn or deposited by and on Young Platform.