Bnxa is a company that does not necessarily make money as the price of bitcoin rises but rather the volatility in the crypto market. To be more specific they make money based on the transaction. this has been going sideways, but I believe there are some clues that suggest bullish sentiment and fundamentals.
1) despite decreasing rev 2 quarters in a row price has remained the same and they met their year end revenue forcast, so the decrease in rev is likely expected.
2) based on their news announcement their transaction volume for q4 seems to be much higher then that of q3
3) during red days in the market, this has beengoing indicating strength
4) If you look at the alexa rank their website has been steadily going up indicating more and more transactions is occurring , meaning more business.
www.alexa.com/siteinfo/banxa.com
I believe this is the time to accumulate and we may see a breakout to the upside.
They do business with many of the top crypto exchanges such as binance and continue to add more exchanges for more b2b rev. Good shot o break its ATH w
1) despite decreasing rev 2 quarters in a row price has remained the same and they met their year end revenue forcast, so the decrease in rev is likely expected.
2) based on their news announcement their transaction volume for q4 seems to be much higher then that of q3
3) during red days in the market, this has beengoing indicating strength
4) If you look at the alexa rank their website has been steadily going up indicating more and more transactions is occurring , meaning more business.
www.alexa.com/siteinfo/banxa.com
I believe this is the time to accumulate and we may see a breakout to the upside.
They do business with many of the top crypto exchanges such as binance and continue to add more exchanges for more b2b rev. Good shot o break its ATH w