Ethereum

USDC

Coin

<ul class="news-points">
 <li><strong>Two addresses could make as much as $1,200 to $12,000 on Ethereum and BSC.</strong></li>
 <li><strong>While some trades could end in profits, others could end in losses.</strong></li>
 <li><strong>A good entry for ETH could be around $1,634, provided the buying momentum increases.</strong></li>
</ul>
<p>In crypto, it is not uncommon to use the arbitrage strategy to make profits, and this is what two addresses have been doing daily, according to on-chain analyst Lookonchain. By definition, arbitrage involves the buying of a <a href="https://coinedition.com/what-is-cryptocurrency-a-complete-beginners-guide/" rel="noopener noreferrer nofollow">cryptocurrency</a> in one market and selling it in another market at a higher price.</p>
<p>In some cases, participants swap a token for the same token with potentially higher profitability on another network while making quick gains within a short period. According to Lookonchain, two addresses could earn between $1,200 and $12,000 daily using the on-chain arbitrage strategy.</p>
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   <p lang="en" dir="ltr">These 2 addresses can earn $1.2K ~ $12K through on-chain arbitrage every day.<br><br>1/<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"><br>Here is the trading strategy. <a href="https://t.co/N5ajrc9LBG" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/N5ajrc9LBG</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1709986533439307908?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 5, 2023</a>
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<p>For instance, one of the addresses swapped USDC for NGL on the <a href="https://coinedition.com/ethereum-sees-highest-daily-exchange-outflow-since-august/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> blockchain. Moments later, the same address sent the NGL on the Binance Smart Chain (BSC) …</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/tracking-ethereum-and-bsc-arbitrage-strategy-could-be-profitable/">Tracking Ethereum and BSC Arbitrage Strategy Could Be Profitable</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Tracking Ethereum and BSC Arbitrage Strategy Could Be Profitable

Coin Edition

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