BnxaCoin is reporting its first quarterly results May 10th .One would anticipate BNXA will report around the same time .The question for Coin will be whether they managed to stay profitable in the first quarter or not .In the last few days its was at an all time low .To some degree this is skewed by the fact that their ipo was on the exact peak day for the Cryptos in this bull run as mentioned before.
The ipo for bnxa was some months before that ,so those that bought in at the initial offering have done well though clearly not as well if they had sold out when it was around 8$ a share .Those that bought during peak euphoria egged on by the booster club have lost big time.
Fortunately for all who invest in the Crypto space the support for BTC has held and the technical setup is looking more favorable ,BTC/ETHE have been in an ugly trading range now for a while .The question will be whether BTC can get through the 200 day moving average or not on its way to 54-56K .This would historically have been associated with Alt coin season which will (if it happens,) be associated with some euphoria .When this happens(or indeed if) is the question ,will it be soon or will it be delayed to the fall.
Bnxa share volume and dollar volume is extremely low right now .
So all Crypto investors (me included)are anxiously awaiting what happens next .
Any selling to pay for taxes on massive Crypto gains last year is now over (april18th in the USA this year)so perhaps that alone may cause a rally to occur .We will see what Mr market tells us.