In the world of cryptocurrency, digital assets, and tokens, making money is the primary objective for a lot of people. As such, exploring all different options is the main priority for anyone who takes this concept rather seriously. There are quite a few currencies subject to price gaps which are waiting to be explored by traders. Even during a bearish market trend, there is some good money to be made in the process.
Monero (Livecoin / Bittrex / Poloniex)
Although there are daily Monero arbitrage opportunities as of late, today’s options include a few different exchanges compared to what users might be used to by now. Livecoin currently maintains a lower XMR value compared to HitBTC, Poloniex, and Gate. This allows for a nice profit of up to 2.2%. Another option is to buy Monero on Bittrex and sell it on Bitfinex for a 3.15% profit. All of these options are well worth exploring at this time.
TrueUSD (Gate / VeBitcoin)
When all markets turn rather bearish, it is usually a matter of time until stablecoins become subject to arbitrage opportunities as well. Today is such a glorious day in this regard, as the TUSD value on Gate is lower compared to VeBitcoin. This 2.4% profit waiting to be explored is pretty interesting to keep an eye on, as TrueUSD is gaining more traction in the industry as of late. Additionally, there should also be more than sufficient liquidity to make these trades profitable.
USDT (Bittrex / Sistemkoin)
Today is a day where not one but two different stablecoin arbitrage opportunities have become available. For those users looking to explore USDT price gaps, buying on Bittrex and selling on Sistemkoin can yield a fair 1.2% profit in the process. Exploring options in the stablecoin industry is always interesting, as these currencies are supposed to be pegged to the US Dollar. As such, any profit made per dollar is worth paying attention to.
EOS (Binance/ HitBTC)
Some of the more prominent altcoins are also becoming apparent in terms of arbitrage opportunities today. EOS, while a very liquid alternative token, is currently subject to a minor price gap between Binance and HitBTC. As of right now, there is a 0.8% price difference between both platforms, which can still make for some pretty decent profits down the line. Although it is a smaller difference percentage-wise, it has become evident EOS is always a worthwhile option to explore.
Cardano (Binance / Kraken)
It is somewhat remarkable how so many different arbitrage opportunities tend to be virtually identical to the previous one. In the case of Cardano, the price of ADA on Binance is 0.81% lower compared to Kraken. Although the latter exchange has always been rather low on the liquidity ladder, it seems this option is well worth looking into moving forward. After all, ADA is still one of the more popular altcoins on the market and any profit opportunity needs to be explored.
Litecoin (Bittrex / Bitstamp / Koineks)
It would appear Litecoin has been subjected to quite a few price differences between different exchanges over the past few hours. As of right now, it has become rather profitable to buy LTC on Bittrex and flip it on Bitfinex for a 2.74% profit. There are also numerous options involving buying LTC on Bitstamp and selling it on Koineks, Vebitcoin, Cex, Bitfinex, Paribu, Koinim, or BtcTurk for a profit of up to 4.32%. Plenty of options to make a quick profit today, even during this latest bearish trend.
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.