Not a day goes by in the cryptocurrency without some alternative money-making methods rearing their head. Arbitrage opportunities, while requiring a bit of manual labor, are often one of the better ways to make money in this industry at all times. The following market opportunities are worth exploring for quick profits.
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Aeternity (Sistemkoin / Gate)
It does not happen all that often some of the lesser-known altcoins make for good arbitrage opportunities. Every now and then, things change in this rather unusual industry, which makes for healthy profit opportunities. The current AE price on Sistemkoin is lower compared to Gate.io, which lets users pocket an 8.5% profit for moving coins between exchanges.
ZRX (Poloniex / Gate)
Whereas most of the arbitrage opportunities over the past few days involved HitBTC, it seems Gate is also making a name for itself once again. For fans of 0x, or ZRX, there is a healthy price spread between Poloniex and Gate. Exploring this gap can yield an easy profit of up to 8.8%. As is usually the case with smaller altcoins and exchanges, there may not be much liquidity to take advantage of.
ICX (Binance / Gate)
For those traders and speculators looking to take advantage of smaller markets, ICX is another option worth exploring. This altcoin’s price on Binance is slightly lower than Gate’s, although the 0.8% profit may not necessarily be that appealing to some traders. Even so, all options need to be explored in this industry, as one never knows if and when new opportunities will arise.
Monero (Bittrex / Kraken / HitBTC)
When Monero-related arbitrage opportunities present themselves, the overall profit is usually rather modest. Today, it seems that the situation is a bit different. Buying XMR on Bittrex or Kraken lets users flip the coins on either Bitfinex or HitBTC for profits of up to 3%. The average gain is closer to 2.3%, but it is still a rather juicy opportunity to look into.
Bitcoin Gold (Koineks / Cex / Bitfinex)
There are a few interesting price spreads where Bitcoin Gold is concerned. More specifically, one option is to buy BTG on either Koineks or CEX and sell it on Bitfinex for a profit of 1.95% up to 4.1%. Buying from the same exchanges and selling on HitBTC is also viable, for a profit ranging from 0.86% to 3.05%. Bitcoin Gold price gaps are becoming more apparent in recent days, which is always interesting to keep an eye on.
EOS (Binance / KuCoin / HitBTC)
Every time there is an arbitrage opportunity involving EOS, the profits are usually more than acceptable. For today, buying EOS on either Binance or KuCoin and selling it on HitBTC is an option to keep a close eye on. There is a profit of 2.55% waiting to be scored from exploring these options, as EOS is one of the more liquid markets available today.
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.
