https://hackernoon.com/buy-iconomi-for-under-0-0017-ether-now-and-sell-for-0-0019-next-month-31f3ceaced28As I write this there is a live opportunity that is available for savvy traders to buy the ICONOMI (ICN) token on exchanges for slightly less than 0.0017 Ether. Next month ICONOMI will buy back their own token for 0.0019 as part of a restructure.
That represents a profit of about 1112% in a couple weeks.
So whats the catch? Why is this arbitrage opportunity still around?
Well to answer that we need to break things down and look at things in parts. Even though Iconomi has been around for awhile it is not widely talked about nor does it have a huge online following. Not many are tracking the progress of ICN since it has fallen out of the top 100 coins on coinmarketcap. I believe that due to the current fear and uncertainty in the market people are also taking a much more cautious and sceptical approach on announcements that are made.
When there are many well known Crypto advocates and VCs saying Bitcoin will hit 10x, $200k, $20k or that Crypto markets will go to trillions in market caps. Who and what do you believe?