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Sunday, February 5, 2023
HomeCryptocurrencyAudius' AUDIO Token Skyrockets 70% in Hours, Here is Cause

Audius’ AUDIO Token Skyrockets 70% in Hours, Here is Cause

AUDIO, the native token of the decentralized music streaming platform, all of the sudden surged greater than 70% inside hours. AUDIO token printed a large inexperienced each day candlestick as its value jumped from a low of $0.20 to succeed in a excessive of $0.365 on Jan. 24.

On the time of publication, AUDIO was up 64% within the final 24 hours at $0.316. The token is up 68% on the week. Its buying and selling quantity additionally shot up by 1,927% as merchants jumped into the current volatility to seize earnings.

Audius has steadily risen because the begin of 2023. After seven straight days of constructive value motion, the worth reached the $0.19 degree on Jan. 14 earlier than barely retreating.

The rally picked up the tempo as soon as extra on Jan. 22. Since then, Audius has closed every day within the inexperienced, with in the present day’s each day candlestick being the most important.

For the primary time in months, the rise pushed Audius previous the each day MA 200 barrier, which had constrained its value since April 2022. Whereas the current rally appears to be technically supported, a current announcement by prime U.S. crypto alternate Coinbase may also have propelled the AUDIO value.

Coinbase provides AUDIO to roadmap property

Audius has formally been added to the itemizing roadmap for cryptocurrency alternate Coinbase, in accordance with a current launch. The itemizing is predicted to go dwell inside the subsequent few weeks, although the precise date has not but been made public.

Coinbase solely provides the cryptocurrencies that it plans to help shortly on its platform to its roadmap. Nevertheless, the transfers and exchanges of those property are usually not but supported till an official itemizing is made.

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The decentralized Web3 music streaming service Audius, which has over seven million month-to-month listeners and over 250,000 artists, presents providers to musicians who want to share their most unique content material with their followers. In July 2022, Audius introduced a brand new characteristic for creators to monetize their content material by permitting listeners to ship tricks to artists.

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