Whilst most of the market is consolidating and even retreating to lower levels, Audius has managed to increase. The coin has managed to break expectations and has made triple-digit gains in the past 24 hours. This places it as the best performing altcoin in the market currently.
AUDIO is trading at $3.48 at the time of writing after a 104.6% gain in 24 hours.
AUDIO Price Analysis
AUDIO has made an impeccable gain in the past 24 hours. With the market not being very strong, most of these gains are attributed to increased buyers buying the token. During intraday sessions in the past 24 hours, AUDIO managed almost to touch $4 before some of the gains were erased, and a slight correction happened to the current levels.
The slight dip could be preparing AUDIO for yet another bull run, where we could see it retest the $3.90 levels. If it manages to break past $4 and buyers rally up support, we could see AUDIO heading towards reaching its all-time high.
On the downside, the sharp rise in AUDIO’s prices because of buyer support place the token at risk of reaching an overbought region. Whilst gains could continue, a dip could trigger massive selloffs, where we could see AUDIO undergo a sharp correction that could push prices to below $3, which are levels the coin traded at before the recent.
The buzz surrounding AUDIO in the past 24 hours is because of the collaboration between Audius and TikTok, a music platform. In an announcement on Monday, Audius stated that it partnered with TikTok to create “TikTok Sounds.” The integration will allow TikTok users to transfer songs made with the feature to TikTok with a single click to streamline the process.
This is a strategic partnership for Audius because it will increase the popularity of the blockchain platform, given that the social media platform serves more than one billion users.
Where to Buy AUDIO
If you want to buy AUDIO, you can purchase on the following exchange platforms:
eToro is one of the largest exchanges. It supports new traders by giving them access to a copy trading feature to learn from market experts. eToro also charges low trading fees and commissions.
The other cryptocurrency exchange that supports AUDIO is FTX. FTX is one of the largest exchange platforms. It gives users access to a wide range of cryptocurrencies and trading pairs.
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