STOCKS TELEGRAPH

Tag: AUDIO

  • The Streaming Service – Audius (AUDIO)

    The Streaming Service – Audius (AUDIO)

    There are numerous streaming services for videos, gaming, and other forms of entertainment. Slowly but steadily, these industries began to embrace Blockchain, and they have now become a vital part of the crypto community. Audius is an example of a project that is tackling the music streaming industry. It puts the flavor of blockchain throughout the entire system where Spotify and other streaming services reside. This is where AUDIO comes in.

    Audius is a project that allows users to distribute, monetize their content to everyone else. Since its inception, the project has evolved significantly and now has a large user base.

    According to the whitepaper of the project, Audius offers the following features:

    • Stablecoins, Audio tokens, and artist tokens power the entire AUDIUS ecosystem.
    • It has a decentralized storage mechanism for audio that can be shared and stored.
    • A voting system that allows users, admirers, and artists to participate in the governance system.

    People can also use the Audius API to build apps on top of it.

    HedgeHog 

    Hedgehog is an Eth-based wallet that was designed to be utilized in regions where there are few or no financial assets. It is not suggested for use in situations involving large sums of money. Gaming and streaming services are examples of this.

    Price Movement – Audius (AUDIO)

    At the time of writing AUDIO is being traded at the price of $1.63 with a decrease of almost 7.30% in the last 24 hours. AUDIO is a really strong token fundamentally. The maximum and minimum today are $1.79 and $1.57 respectively. The daily trading volume has decreased by almost 46.57%. AUDIO had created its ATH in March 2021 and reached a price of almost $4.990. Even after the reversal, AUDIO still hasn’t been able to recover from the damage and is trading at the price it had around August.

    AUDIO has a circulating supply of almost 411M coins and a maximum supply of almost 1.05B. It is listed on coinmarketcap at rank 100. It can be exchanged on Binance, FTX, Gatie.io.

    Price Prediction – Audius (AUDIO)

    According to wallet investor thinks that AUDIO is a good investment. According to them, in one year, AUDIO would be worth around $3.717. In a five-year time span, the price is expected to reach a value of $12.033.

  • Audius (AUDIO) Coin – On its way to above $3?

    Audius (AUDIO) Coin – On its way to above $3?

    According to coinmarketcap, the total supply of AUDIO is around 1B AUDIO and the circulating supply is around 504M AUDIO. It holds the 90th rank according to market cap and has a market dominance of about 0.05%.

    At the time of writing AUDIO is being traded at the price of $2.53 with an increase of almost 11.90% in the last 24 hours. AUDIO is a really strong token fundamentally. The maximum and minimum today are $3.69 and $2.12 respectively. The daily trading volume has also increased by almost 1402%. AUDIO had created its ATH in March 2021 and reached a price of almost $4.990. The price later dropped down to a price of $0.590. The past two months have been bullish. In November, the price reached a value of $4.148.

    Technical Analysis-  AUDIUS (AUDIO)

    We can see that AUDIO was respecting the trend line and that it acted as strong resistance to the movement of AUDIO. But recently that wick to the upwards had taken all the liquidity and now the price has the necessary fuel to rally to a certain direction.

    We can see that on the lower side we can see that there is liquidity present which can drive the price down. Moreover, the rejection from the trend line and the presence of the daily order block can also drive the price down.

    AUDIO - DTF

    Now if that zone holds we can expect a similar movement as shown in the chart which would take it back to the trend line. If the momentum is strong we can expect the price to break above this trend line but it is quite a strong resistance as the price has dropped down often from this. If this zone doesn’t hold we can see even more damage to the market but it is highly unlikely to happen.

    Price Prediction –  AUDIUS

    AUDIO is a really strong token. Their platform has a huge amount of users and every day is growing more and more. As a result, we can expect growth in the price in the future. According to wallet investor, AUDIO is expected to reach a value of around $4.545 in a year and is expected to reach a value of $12.893 in five years.