Good analysis, however there is a problem. You're looking at the charts for HitBTC only right now. For the past few days TRX deposits have not gone through to HitBTC from other exchanges. I know this because I've tried myself. 28 hours and 5000 confirmations later and I still have zero balance in my TRX wallet on HitBTC. It's currently trading at 823 satoshi on HitBTC, but only 580 on Binance. Since no one can deposit TRX onto HitBTC, the price there is heavily manipulated within the exchange by bots/whales holding large positions in TRX. So the real price for TRX is actually around 30% lower than what HitBTC is showing. Might want to look into it yourself. And also, anyone else out there thinking of sending TRX to HitBTC to arbitrage, don't. They've disabled deposits finally.
You are viewing a single comment's thread from: