Home / Crypto Currency / Crypto Arbitrage Today: XRP, LTC, ETH, BTG, XLM, ONT

Crypto Arbitrage Today: XRP, LTC, ETH, BTG, XLM, ONT

Making money in the cryptocurrency world can be done in many different ways. Holding currencies and selling them for profits is certainly one way to go about things. Arbitrage trading is another viable approach, as it allows for somewhat less riskier profits to be secured. The following six currencies allow for an interesting profit to be scored, depending on overall platform liquidity.

Ontology (Binance / KuCoin)

It is somewhat refreshing to see some new currencies pop up in the list of arbitrage opportunities today. Ontology, or ONT, isn’t often subjected to a price spread. Today, however, the value between Binance and KuCoin is slightly different, allowing for a 0.78% profit to be scored. It is not the most appealing gain by any means, but it is better than seeing one’s portfolio value dwindle as more time progresses.

Stellar Lumens (Kraken / HitBTC)

As is usually the case when it comes to arbitrage opportunities, there is at least one pair on Kraken which can be used to score some quick profits. Buying XLM on this exchange and selling it on HitBTC allows for a net 1% profit. Both platforms usually have decent trading volume for XLM, thus there are some options waiting to be explored throughout the day.

Ethereum (Bitstamp / Bitfinex / HitBTC)

A lot of similar arbitrage opportunities exist for top cryptocurrencies today. Buying Ethereum on Bitstamp lets users sell ETH on Bitfinex or HitBTC for a profit of 0.8% up to 1.2%. Buying on Kraken and selling on either KuCoin and HitBTC will yield very similar profits. Having multiple options to explore is always a good sign, assuming these gaps remain in place for a while.

Litecoin (Kraken / Bitstamp / Koineks)

The same arbitrage opportunity associated with Ethereum can also be used for Litecoin trading, for the most part. Buying on Bitstamp and selling on Bitfinex, HitBTC, or Koineks can yield a 1% profit. Buying LTC on Kraken and selling on HitBTC is slightly more lucrative, as it yields a 1.1% profit. No major spreads are to be found today, but that is only to be expected during this new bearish trend.

XRP (Bitstamp / Kraken / HitBTC)

No one will be surprised to learn any arbitrage opportunity affecting Ethereum and Litecoin will also apply for XRP. Using the same exchanges across the board, there is some good money to be made from buying and flipping XRP. The profits are slightly higher as well, as traders can expect to pocket a profit of up to 1.3%. A pretty decent arbitrage gap given the overall market trend.

Bitcoin Gold (Koineks / Bitfienx / HitBTC)

Even though it seemed as if the Bitcoin Gold arbitrage opportunities had all but dried up in the past few days, the opposite has come true. As of today, buying BTG on Koineks and selling it on either HitBTC or Bitfinex can reward users with a profit of up to 1.19%. Again, a very small price gap, but one cannot look a gift horse in the mouth. Especially not in the cryptocurrency industry, as the year 2018 hasn’t offered too many money making opportunities so far.

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.

Read more

Check Also

XRP Price Reaches $0.29 Again Following Fake Amazon Rumor

The current hourly cryptocurrency charts look incredibly weak, which means most cryptocurrencies will see another retrace in the coming hours. Until that happens, there is still some positive momentum where the XRP price is concerned. Although it hasn’t reclaimed the $0.3 level just yet, there is some positivity among community members. That sheer optimism can usually go a long way in this rather volatile industry. XRP Price Inches Higher It is quite interesting to keep an eye on the value of XRP during this bearish year. This asset has been beaten up quite severely, yet it seems to come up stronger every single time. It is also one of the more resilient markets to date, even though it can’t escape the gravitational pull of the world’s leading cryptocurrency these days. Over the past 24 hours, however, there has been an interesting XRP uptrend on the charts. The 2.2% gain in USD value is promising, as it pushes the value to $0.29 again. This is still a hair short of retaking $0.3, although this current price is seemingly more than acceptable as well. There is also a 0.2 uptick in the XRP/BTC ratio, albeit that is almost negligible. There is another rumor swelling when it comes to XRP. More specifically, some sources – wrongfully -assume there will be a partnership between Ripple and Amazon to push the usage of XRP forward. Since neither company has made any official statements in this regard, it is evident those rumors are nothing more than just that. It creates some excitement, albeit it may not necessarily materialize anytime soon, if ever. What is genuine, however, is the Binance XRP buy wall which materialized just a little while ago. It was valued at a total of $1,1m, which is very significant bullish pressure first and foremost. It is not exactly common for such massive buy orders to stack up on regular exchanges, although this may very well be a fake order to create some artificial momentum. That's a buy wall on @binance of $1.1m right now. Live. #xrpcommunity #xrparmy #xrpthestandard #cryptocurrency #crypto #RippleNet #XRP #xRapid pic.twitter.com/GC6mf7xXN0 — XRP_Canada (@XRP_Canada) December 16, 2018 When looking at the technical fundamentals for XRP, it seems a bullish breakout is more than warranted. The asset is entering a narrowing channel and will either rise or decline in value in spectacular fashion. So far, the chart leans toward breaking out on the upside, albeit nothing has been set in stone just yet. Ripple #XRP Todo Listo Para Un Gran Brote En Las Próximas Semanas #criptomonedas https://t.co/nMfxVITVGQ pic.twitter.com/F7ylDhDLT9 — Americancripto (@americancripto) December 16, 2018 All current signs point toward further XRP price stability, which is never a bad thing for enthusiasts and investors. While some people would prefer to see a big uptrend materialize prior to New Year’s Eve, that seems highly unlikely. Nothing warrants a big bull run right now especially because the weekdays will usually wipe out any gains sustained throughout the weekend. 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 XRP Price Reaches $0.29 Again Following Fake Amazon Rumor appeared first on NullTX.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.