The cryptocurrency industry is much bigger than Bitcoin, Ethereum, Litecoin, XRP, and Dogecoin.
The past seven days have been incredibly bullish for all cryptocurrencies, tokens, and digital assets.
At press time, the father of cryptocurrency is still trapped in the $3,600 range. Following a near two-week period of meandering about at $4,000, bitcoin is still struggling to regain traction in the crypto market.
Interestingly, the Federal Reserve Bank of St. Louis has released an argument that seemingly blames altcoins for bitcoin’s latest demise.
In the world of cryptocurrencies, tokens, and digital assets, a very big issue has presented itself. Most, if not all of the coin tracking websites have incorrect supply values for at least three currencies on the market today. This issue started with Coinmarketcap, but has now spilled over to Livecoinwatch and Coincap as well.
The Circulating Supply Inaccuracy
All of the cryptocurrency coin tracking websites offer a ton of valuable information.
Want to convert your altcoins to bitcoins this Christmas? Coinbase has launched Coinbase Convert, a new feature that allows retail users to make direct crypto-to-crypto conversions on the exchange.
Quick Crypto Conversions
The new feature, which was announced on December 17, 2018, will allow customers to sell one cryptocurrency to buy another, saving traders both time and multiple fees.
After having its worst month in seven years, Bitcoin has kicked off December with resilience and resolve. The currency began the month trading just below $4,000 but it quickly shot up to claim the level and hasn’t looked back since. At press time, Bitcoin was trading at $4,150. The currency dropped from its monthly high of $4,301, but it has shown resilience to trade above the very crucial $4,000 support level.
The other cryptos also saw a slight drop, with Bitcoin Cash, Bitcoin SV and Cardano being the only top ten cryptos not on the red.
Not a day goes by in the cryptocurrency world without going through some form of arbitrage opportunities. In the case of altcoins, there is a lot of decent money to be made, primarily because so many markets have wide spreads between the currencies themselves. It should be easy to score some profit when exploring these opportunities, assuming one can benefit from some decent liquidity.
Monero (Kraken / HitBTC / Poloniex)
As is usually the case where Monero arbitrage opportunities are concerned, the price on Kraken is significantly lower compared to all other platforms.
Numerous side effects become apparent when all major cryptocurrency markets go through a big drop. Last night’s round of events has caused some major shifts which have gone by unnoticed for some time now. That is not entirely uncommon, as most traders focus on singular markets first and foremost. The bigger picture tells quite an interesting tale.
The $1bn Market cap Club Shrinks
Over the past twelve months, the cryptocurrency markets have seen an influx of fresh capital, and an equally swift exit of money as well.
Arbitrage is an excellent way of generating revenue from cryptocurrencies during an extended bear market. The year 2018 has offered a rather lengthy bearish market trend, yet the arbitrage opportunities have been rather appealing as well. The following six currencies can yield some healthy profits throughout the day, depending on exchange liquidity.
#6 Lisk (Poloniex / Livecoin / YoBit)
No one will be surprised to note YoBit remains an integral part of arbitrage opportunities these days.
In the world of cryptocurrency, different exchanges often maintain slightly different prices. That allows for some interesting arbitrage opportunities, even though it often requires the use of at least two exchanges and potentially multiple trading markets. The following options are very interesting, albeit also a bit time-consuming.
#6 POLY to QKC
When a triangular arbitrage opportunity presents itself, one has to be willing to look well beyond the more traditional markets.
Arbitrage is a rather common occurrence in the cryptocurrency industry these days. With hundreds of trading platforms to choose from, it’s not uncommon for price discrepancies to occur now and then. Below are six examples of coins and exchanges to keep an eye on today, as it seems new opportunities might show up later today.
#6 Lisk (Poloniex / YoBit)
The Lisk currency has always been a rather interesting one.