2018-12-21 11:45 |
Bullish cryptocurrency prices can make for appealing trading opportunities, just like their bearish counterparts would do. In the altcoin arbitrage world, there are always specific price gaps waiting to be exploited by those who have the funds to do so. In some cases, rather spectacular profits can be scored, although most averages remain modest. Any money is better than no money in this industry, though.
Aeternity (Sistemkoin / Gate)It is the second this week a massive price gap opens up where Aeternity is concerned. This altcoin, while not generating a ton of trading volume, is listed on a few different exchanges. As of today, the price difference between Sistemkoin and Gate is nearly 20%. For those willing to explore this price gap, good money can be made in the process. Such a gap usually does not remain in place for long, which is only normal.
ZCash (HitBTC / BTCBIT / Poloniex)It is the first time the BTCBIT exchange shows up in arbitrage opportunities, but the more the merrier. As new trading platforms try to make a name for itself, there will always be some value discrepancies pertaining to the assets listed on that exchange. Buying ZCash on HitBTC, Poloniex, or Gate and selling it on BTCBIT will yield an average profit of 8.8%. A very appealing price gap, although liquidity may be a bit of a concern.
Ethereum Classic (Poloniex / Gobaba / BTCBIT)It seems the BTCBIT platform may quickly become the go-to place for cryptocurrency arbitrage opportunities, as its prices are very high compared to the rest of the market In the case of Ethereum Classic, the price on BTCBIT is higher compared to Poloniex, Gate, Gobaba, Koineks, Binance, and Ku Coin The average profit is roughly 8.5%, which is a more than respectable figure.
Dash (Livecoin / BTCBIT)Things always get very interesting when two exchanges with lower liquidity are involved in one and the same arbitrage opportunity. Buying Dash on Livecoin and selling it on BTCBIT can earn traders a profit of 8.16%. There is also an option to buy Dash from Kraken, HitBTC, Poloniex, Gate, Bittrex, or Sistemkoin for a similar profit. Flipping Dash between Bittrex or Kraken and HitBTC can also yield a 1.1% profit.
EOS (Gobaba / Binance / Bitfinex)A few interesting price discrepancies involving EOS have become apparent this morning. There is a 1.02% difference between Gobaba and Bitfinex, which makes for an appealing option. Users can also buy EOS on either Binance or KuCoin and sell it on HitBTC for a 1.79% profit. All of these options are pretty significant, especially when all markets go into a major bull run as they have lately.
Litecoin (BTCBIT / Kraken / KuCoin)On any given day, there is room for arbitrage opportunities involving HitBTC. Today is such a day, although in a slightly different manner than people would expect. The LTC price on Binance, HitBTC, KuCoin and Bittrex is 9.5% lower compared to BTCBIT. As such, easy profits can be pocketed from moving funds from exchange A to exchange B. Buying on Kraken, Kucoin, or Binance and selling on HitBTC also works, albeit the average profit for doing so is just 1%.
Information provided by Arbing Tool.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.
The post Crypto Arbitrage Today: Up to 20% Profit With AE, ZEC, ETC, LTC, EOS, Dash appeared first on NullTX.
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