Coin Edition -
- Two addresses could make as much as $1,200 to $12,000 on Ethereum and BSC.
- While some trades could end in profits, others could end in losses.
- A good entry for ETH could be around $1,634, provided the buying momentum increases.
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 cryptocurrency in one market and selling it in another market at a higher price.
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.
These 2 addresses can earn $1.2K ~ $12K through on-chain arbitrage every day.1/