Home / Crypto Currency / Crypto Arbitrage Today: XLM, DOGE, EOS, TRX, ETC, DASH

Crypto Arbitrage Today: XLM, DOGE, EOS, TRX, ETC, DASH

Cryptocurrency arbitrage is often considered to be a viable way of scoring profits during volatile market trends. All top markets are currently going through a medium-sized dip, which means prices between exchanges will be very different. The following six options let users score some easy profits throughout today.

Ethereum Classic (Koineks / Binance / YoBit)

Buying Etheruem Classic on any exchange that is not YoBit will effectively result in some decent profits today. Its value on YoBIt is roughly 1.5% higher compared to the likes of Gate.io, Binance, KuCoin, and Poloniex. Koineks also has a lower price, although the arbitrage gap is slightly smaller.

XLM (Kraken / CEX / Binance)

It does not happen all that often prices for altcoins are higher on Binance compared to some other exchanges. As of today, buying XLM on Kraken, CEX, VeBitcoin, or Koineks, and selling them on either Binance or KuCoin can result in a profit of roughly 0.75%. Not the most lucrative option, but still one worth exploring due to its overall liquidity.

TRON (Bitfinex / Binance / YoBit)

The TRON arbitrage opportunity today is very similar to Ethereum Classic above, as it revolves around selling on YoBit for easy profits. Prices for TRX across OKEx, Gate, Koineks, Bitfinex, Binance, and HitBTC are all lower compared to YoBit. Exploring these options will result in gains of up to 1%. A small profit, but still better than nothing.

DASH (Kraken / Koinim / YoBit)

There are many different opportunities when it comes to arbitrage trading DASH today. Buying the altcoin on Koinim and selling it on YoBit, Gate, or Sistemkoin can result in profits of up to 2%. Buying on CEX, Kraken, HitBTC, or Gate and selling on YoBit offers gains of up to 1.5%. Plenty of trading options for quick and easy profits.

DOGE (Livecoin / HitBTC / Poloniex)

Most cryptocurrency users have a soft spot for Dogecoin, albeit often for very different reasons. In the case of arbitrage trading, DOGE can be a viable tool. Buying on Gate, HitBTC, or Poloniex and selling on Livecoin can yield a profit of up to 2.1%. Buying on the same exchanges and selling on YoBit can yield profits of up to 3.3%.

EOS (YoBit / Bitifnex / Binance)

EOS Is not a currency often associated with arbitrage trading, even though it has no liquidity issues across different platforms whatsoever. Today, there are many different opportunities where this altcoin is concerned. Buying low on HitBTC, Poloniex, Gate, Paribu, Bitfinex, Binance, or KuCoin and selling on YoBit will net easy profits. Traders can make up to 1.5% from exploring these various options.

Information is 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.

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Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest. Bitcoin Cash Value Fluctuates Heavily Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish. That is quite a large gap between prices, yet one that is also very easy to explain. Bitcoin Cash, as people knew it before the fork, no longer exists. Most professional exchanges have also retired this price ticker, for the time being. As the hash war rages on, there are still a lot of unknown factors waiting to be addressed. Despite this ongoing kerfuffle, there is a net 5.76% decrease in the Bitcoin Cash price, and a 5.4% decline over Bitcoin. More specifically, that is what CoinMarketCap reports at this time, although this is not necessarily the case whatsoever. In fact, some exchanges are clearly jumping the gun by labeling BCHABC as BCH and thus dragging the Bitcoin Cash price down a bit more. Exchanges currently engaging in this activity include Bittrex and Coinex, neither of which plays a big role of importance when it comes to trading. However, based on the current value of BCH on Bitfinex and Gate.io, it seems a similar incident is taking place. One also has to keep in mind Bitcoin Cash was getting battered ahead of the network split as well. Most exchanges have halted trading of BCH indefinitely, primarily because the currency no longer exists. It is evident either BCHABC or BCHSV will take over that name in the future, but nothing has been decided at this point. As such, any trading referring to just “Bitcoin Cash” or “BCH” should be avoided, as most users can never be sure which currency is effectively being traded under this name. All of this skews the picture pertaining to Bitcoin Cash altogether. Coinmarketcap reports there is still $392m in trading volume for BCH, even though that is virtually impossible right now. With so many exchanges freezing deposits and withdrawals, it is evident actual BCH trading is no longer possible whatsoever. Virtually all platforms have deposits of BCHSV and BCHABC frozen as well, which only makes this market trend more confusing. It is safe to say the entire network split has been a bit of a mess first and foremost. In the case of Bitcoin Cash itself, that name will – under the current circumstances- not be used across exchanges for much longer. Instead, the two separate camps need to be treated as such first and foremost. Until things settle down – with might not necessarily happen anytime soon – the Bitcoin Cash price itself is pretty much irrelevant for most traders and speculators. 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 Bitcoin Cash Price Gets Skewed due to Exchange Trickery appeared first on NullTX.

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