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Altcoin Arbitrage Today: ZEC, BTG, TRX, XRP, Dash, EOS

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Not a day goes by without healthy arbitrage opportunities popping up in the cryptocurrency and digital asset world. While most of the price differences may seem minimal, all of these small profits will eventually add up to some extra money. The following six opportunities all let users make easy money with very little effort involved.

ZCash (Cex / Bittrex / Bitfinex)

Over the past few days, it has become apparent there is some good money to be made from cryptocurrency arbitrage involving the Bitfinex exchange. In the case of ZCash, it is somewhat profitable to buy ZEC on Cex or Bittrex and flip the coins on Bitfinex. The average profit sits near the 1.35% mark, although Bittrex maintains the lowest ZEC price and yields the bigger profit potential.

Bitcoin Gold (Koineks / Bitfinex)

Even though Bitcoin Gold is not necessarily the most successful fork of Bitcoin to date, it is still a viable altcoin for arbitrage opportunities. Buying BTG on the Koineks platform and selling it on Bitfinex will result in a profit of 2.17%. Considering how Bitcoin Gold usually has low trading volume, timing one’s trades correctly will be crucial.

Tron (Koineks / Bitfinex)

It is shaping up to be a good day for flipping altcoins and tokens on the Bitfinex exchange, by the look of things. The platform also has a higher price for Tron compared to Koineks, which makes for a rather interesting opportunity to look into. With an expected profit of 1.53% per trade, there is some good money to be made by flipping one of the more popular altcoins on the market.

Dash (Bittrex / Sistemkoin)

As has been the case for some time now, there is at least one pair of privacy coins subjected to arbitrage opportunities every single day. Alongside ZCash, Dash is another option worth looking into right now. Its value on Bittrex is 1.57% lower compared to Sistmekoin, which makes for a rather straightforward trade. Another good money-making opportunity to keep a close eye on.

EOS (Paribu / Bitfinex)

For those altcoin traders who seemingly can’t get enough of making money through Bitfinex, it seems EOS is another altcoin worth bringing to this platform. One can easily source liquidity from Paribu, which also results in a bigger profit margin. Successfully completing this trade yields a profit of just over 2% per trade. EOS Hardly ever has liquidity problems, although Paribu is still a relatively small exchange first and foremost.

XRP (Bitstamp / Bittrex / Bitfinex)

The final arbitrage opportunity on this list involves selling XRP on the Bitfinex platform. Users can purchase XRP from Vebitcoin, Cex, Bittrex, Bitstamp, Paribu, BtcTurk, or Koineks and can expect an average profit of 2.7% per trade. Considering how popular Ripple’s native asset is, there is a lot of potential money to be made by exploiting these price gaps.


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.

source:nulltx.

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Altcoin

What is Altcoin Season and Why Does it Matter?

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There are numerous trends in the world of cryptocurrency. While it is evident nearly all of the major currencies rely on Bitcoin’s value first and foremost, there is also a period when that unwritten rule is thrown out of the window. Traders often refer to such a trend as “Altcoin Season”, even though most people will agree such a thing does not necessarily exist. There is a very fine line between what is perceived as “Altcoin Season” and “pump-and-dumps”.

The Purpose of Altcoin Season is Making Money

It is safe to say no altcoin will gain value when Bitcoin is either bearish or extremely bullish. Although that situation can change over time, a bearish Bitcoin market will usually drag all alternative markets down with it. When the world’s leading cryptocurrency gains 5% in value or more, it takes a while for alternative markets to catch up. This is primarily because those currencies are losing value against Bitcoin directly.

When this situation suddenly turns around, a conundrum known as “Altcoin Season” is created. It is the time of year when flavor-of-the-week altcoins suddenly start to gain a lot of value regardless of how Bitcoin’s price is evolving. It is not entirely uncommon for alternative markets to gain a lot of value out of the blue, although such trends are usually referred to as “pump-and-dump schemes” first and foremost.

Unlike what the name would suggest, the “Altcoin Season” is not necessarily something which happens during a specific time of year. In fact, there is no such “Altcoin Season” every year either, as the year 2018 made that rather apparent. However, it is a period during which cryptocurrency traders tend to get overly excited about smaller-cap coins gaining value so they can increase their Bitcoin holdings in the long run.

No one will be surprised to learn the so-called Bitcoin Maximalists are not too keen on the “Altcoin Season” trend either. This is primarily because those users believe Bitcoin is the only currency which really matters, but also because it takes away trading volume and overall money from Bitcoin. There is nothing wrong with traders looking to increase their BTC holdings through these smaller-cap altcoins. However, that doesn’t warrant the use of the term “Altcoin Season” by any means either.

Until proven otherwise, it is nearly impossible to distinguish between the “Altcoin Season” and pump-and-dump schemes. Since most of the currencies gaining value during this “season” are currencies which usually serve no purpose, have no real use case, or no clear future, it is only normal they will be referred to as “shitcoins”. As such, one has to adjust the expectations of what an “Altcoin Season” is and isn’t.

While it is promising to see some markets move up during these rather bearish times, the term “Altcoin Season” can be incredibly misleading. Considering how most of these markets will effectively drop in value again fairly quickly, it seems wrong to think of these minor uptrends as an extended run. However, there is nothing wrong with trying to make money by any means necessary. For that specific purpose, “Altcoin Season” can be a lucrative opportunity.

Source:blockpublisher

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Monero: Coinhive announces termination of operations citing economic inviability in light of Monero [XMR] hard fork

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Coinhive, a crypto mining platform announced that it will cease its operations from March 8, citing economic inviability as the cause.

Suffering from the last Monero hard fork and the subsequent 50% fall in its hashrate, Coinhive was also adversely affected by the crash of the cryptocurrency market. Coinhive posted:

” ..so did the ‘crash’ of the crypto currency market with the value of XMR depreciating over 85% within a year. This and the announced hard fork and algorithm update of the Monero network on March 9 has lead us to the conclusion that we need to discontinue Coinhive.”

The blog also stated that the platform’s dashboards will be accessible to users till 30 April 2019, to initiate payouts.

The platform was especially affected after the Monero hard fork as it made around $250,000 in Monero each month when the digital coin was trading at its all-time high of $340.

Coinhive faced other issues too. The JavaScript-powered in-browser crypto mining platform became susceptible to hackers for cryptojacking campaigns. During the second week of February, the tech giant Microsoft removed eight apps from its store after detecting a strain of mining malware in the delisted apps after embedding Coinhive XMR mining code.

In 2018, Troy Mursch, the Chief Research Officer at Bad Packets LLC, tweeted,

“Coinhive remains the leader in the #cryptojacking industry with a 62% share of all websites using a JavaScript cryptocurrency miner.”

Following allegations of being a haven for cyber crimes, the mining service adopted several measures to ensure that cybercriminals weren’t leveraging the platform. With reference to the structural modification, Mursch stated,

“After that, it was not exactly enticing for miscreants to use their platform. Most of those guys just took their business elsewhere to other mining pools that don’t charge anywhere near such high fees.”

The closure of the mining entity is expected to mitigate incidents of cryptojacking that have been on

Source .ambcrypto

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Curiouser And Curiouser; Fall Down The Rabbit Hole With The 7 Strangest AltCoins

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Anyone who doesn’t live under a rock knows that Bitcoin reigns supreme in the cryptoverse.

However, Bitcoin isnt the only fish in the vast sea of virtual currency. On the contrary there are other, far weirder alt coins in the market.

Don’t believe us? See for yourself!

TrumpCoin

Source; androidappsapk

TrumpCoin first emerged in 2016 just as US President Donald Trump’s presidential campaign was at it’s peak. The aim was to offer support to Trump’s campaign and subsequently make alt coins great again. was created in late 2016 and was meant to offer support to Trump and his vision of making America great again. However this isn’t the first instance of a political movement ending up with the creation of a crypto as Hillarycoin also exists.

Mooncoin

Source; CryptoSlate

A lot comes to mind when you hear this particular cryptos name, however the story behind it’s creation is kind of genius in a weird way. Mooncoin’s developers made it in a way that the total coin supply is limited to the total distance between the moon and the Earth.

Sounds like something someone did as part of a very elaborate bet right? We think so too.

Unobtainium

Source; Live for Films

No, it isn’t the same as that super rare and shiny rock from Pandora but it might be just as cool. As the name suggest, this particular altcoin is the hardest to obtain. To make it super exclusive, the developers ensured that miners could only get 250,000 units in 30 years! Similar to other precious and rare metals, the idea is that over time it’s value will increase, making it an excellent way to invest.

Useless Ethereum Token (UET)

Source; CoinMarketCap

The UET is the perfect example of the lenghts to which some people will go to when bored. According to it’s website, its creator states that he had no real purpose when he developed this alt coin. However, the website is full of elaborate warnings and sincere advice from the developers such as, “seriously, don’t buy this token” and “you’re literally giving your money to someone on the internet and getting completely useless tokens in return.”

And although the creater stated that “there are no whitepapers, no products, and no experts”, UET still bagged a whopping $340,000 in ICO crowdfunding.

FuckToken

Source. Twitter

“There lacks a universal standard for the valuation of fuck.” At least that’s what the website of this alt coin claims. Okay, well hear us out when we say they might be onto something. The concern that humans have become far more desensitized to the problems of the world is as real as it gets.

The popular swear word in the token’s name is actually an acronym that stands for “Finally Usable Crypto Karma” (FUCK). The aim is to come up with ways for the world to start giving a fuck again.

DogeCoin

Source; The Verge

Who doesn’t love the infamous 2013 doge meme sensation where an adorable Siba Inu dog tries to make the world laugh in broken English? At least that’s where the inspiration for Dogecoin comes from. Dogecoin was originally created as a joke by creators, Jackson Palmer and Billy Markus.

 

However, the meme inspired crytpo surprised everyone when it went viral and became as popular as the doge that gave it life. Today, the alt-coin has a very comfortable market cap of around $276 million and has even sponsored water wells in Africa.

WankCoin

Source; Steemit

Yes, the name is exactly what you thought it meant. With a slogan like “Bank while you wank”, this alt coin has one goal and one goal alone. To further the cause of the average wanker.

However, it isnt all fun and games as this alt coin delivers on it’s promise and literally allows users to cash in on their sexual urges by mining WankCoins as they well, wank! The website even claims that “the more you wank, the more you mine.” It was created to help users anonymously share and/or

 

source:blockpublishrer

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