The bull market is here, and it might be time to prepare for the much-anticipated altseason. How? With a 50% discount on altcoin trading fees!
This November, the crypto market has witnessed an explosion of bullish momentum, igniting euphoria among traders and investors. However, this growth has primarily benefited Bitcoin, with a few exceptions such as Ripple (XRP) and Stellar (XLM). Many crypto enthusiasts, captivated by Bitcoin’s recent rally, are asking one pressing question: “When will the altseason begin?”
While no one can predict the market with certainty, we can offer some guidance on key metrics to monitor and detect the start of the altseason. We’re offering a 50% discount on altcoin trading fees to help you get ahead. Read on for details!
Could Altseason be just around the corner?
To predict the altseason, it’s essential to monitor two key indicators: Bitcoin Dominance and the ETH/BTC ratio.
- Bitcoin Dominance
This metric compares Bitcoin’s market capitalisation to the entire cryptocurrency market, expressed as a percentage. After climbing steadily throughout 2023, Bitcoin Dominance has plateaued in recent weeks and is now beginning to decline. Since 22 November, Bitcoin Dominance has dropped from 61.3% to 58%, suggesting that Bitcoin’s influence in the crypto market is diminishing. - ETH/BTC Ratio
The ETH/BTC chart shows Ethereum’s relative strength to Bitcoin. This ratio has been in a downtrend since 2021 but recently found support around 0.031 BTC, halting its decline. Monitoring Ethereum’s relative strength is crucial, as ETH has historically led the alt season, often achieving strong performance before smaller-cap altcoins follow suit. Currently, the ETH/BTC ratio is at 0.037 BTC, marking a 15% increase since 22 November.
Altcoin Friday: 50% off altcoin trading fees
Now that you know what to watch to spot the start of the altseason, it’s time to talk about Altcoin Friday. To celebrate the crypto market’s bullish momentum and Black Friday, we’re offering a 50% discount on all altcoin-Euro trading pairs.
This promotion runs until Sunday, 1 December, at 11:59 PM, and applies to orders with a minimum value of €100.
Take advantage of the Discount!
For members of the Young Platform Clubs, this discount is stackable with your existing Club discount. For example, if you’re part of the Bronze Club with a 30% discount, it will be applied first, followed by the additional 50% from the Altcoin Friday promotion.
Note: This offer applies exclusively to Altcoin-Euro trading pairs on the Young Platform app (not Young Platform Pro) and does not include trading fees for altcoin-stablecoin pairs, such as ETH-USDT.
