AUDIO is a token that powers the Audius network-a decentralized music streaming and sharing service. Audius was launched in 2019 and attracted many partners and sponsors by the end of 2021.
Since the emergence of streaming services (and even the entire modern music industry), compensation by artists for their works has been a hot topic. Traditionally, artists only receive a small part of their music income, which seems unfair because they are talented people.
Enter blockchain technology: As it matures, it becomes more and more obvious that this technology can provide services to artists and listeners-first of all, it can correct the imbalance of income distribution in the music industry. Thus, Otis was born. The simplified network architecture includes:
- Content nodes-nodes that host and share content with the permission of the artist;
- Content Ledger-saves all information about the artist’s content, their rights and other data, puts it directly there according to the source and is tamper-proof;
- Discovery nodes-nodes that store content and metadata indexes and respond to queries.
To run a node, the native AUDIO tokens of the network must be mortgaged, and a certain percentage of the network fee must be obtained in return. AUDIO encryption can also be mortgaged to unlock additional functions within the network or as a governance token.
Audius cryptocurrency prices experienced the same surge as the entire cryptocurrency market in the first half of 2021. The bull market eventually led to the Audius price reaching a record high of $4.99 in late March. However, during most of the summer, the price of AUDIO barely exceeded $1, which is far from a better period.
With Audius announcing a partnership with TikTok in mid-August, all this has changed. The social giant once again proved its influence. The AUDIO cryptocurrency price soared more than twice in just two days, reaching $4.02 at one time.
Since then, the price of AUDIO tokens has been high and low, but there are some cards in the Audius team. For example, in mid-September, the information that Katy Perry, Nas, and Jason Derulo invested in Audius pushed the price of the token to around $3. There is no doubt that this wise management decision will affect Audius’ predictions-because experts currently seem to be fascinated by coins.
Since the price of Audius soared in mid-August 2021, the token has been trading in a flag pattern and has not completely gotten rid of it and made all optimistic Audius price predictions come true. On the other hand, the price of the token has not fallen below the “handle” mark, which indicates that the trend reversal may still be expected.
However, there are also worrying signs-for example, the development from September 16 to 20 is likely to have a double top, especially since the $2.6 level has been shown as support many times before, so a price drop below this level will As a confirmation. This possibility should be considered when observing the next price change-to determine whether the AUDIO token price forecast is correct.
Below we have collected Audius (AUDIO)’s most reliable price forecasts from popular forecasting platforms.
According to WalletInvestor, the price of Audius will rise from $1.986 to $4.420 within one year. This makes AUDIO a great investment. The long-term profit potential is 122.56%. The forecast price at the end of 2026 is $13.005.
When answering the question of whether Audius is a good investment, TradingBeasts gave a resounding answer. From the perspective of 2021, the price of the token is expected to reach US$1.92180 and increase to US$2.444446 by the end of 2022.
In the DigitalCoin analysis, the price of the Audius cryptocurrency will rise from today’s US$2.04213 to US$7.2267943 in the next 5 years. By 2022, it will rise to $3.3292856 and continue to grow in 2023-2024. Based on this forecast, Audius is a profitable long-term investment.
From the analysis cited above, it is clear that Audius (AUDIO)’s forecast is quite contradictory. There is no general consensus on the positive or negative trend of AUDIO prices in the future. In fact, the possible future growth depends on various factors: announcements, new technical solutions for the Audius project, overall encryption environment, legal status, etc. We would like to remind you that you must conduct your own research (DYOR) before investing in any cryptocurrency.
No, Audius is unlikely to reach $100, because even if the price is hovering around $3, this coin is the top one hundred cryptocurrencies by market value, which is a good position. There is no Audius token price forecast to place its price at around $100, and there are good reasons, otherwise, its market value will exceed the most mature participants (and some world economies).
Audius coin (AUDIO) is a utility and governance token on the Audius platform-a decentralized, music-focused blockchain project. It can help listeners and artists connect and share music without having to provide the typical number of third parties to the music industry. Except for the attractive ones, the Audius coin price forecast is very positive, which is a factor in its becoming more well-known.
Yes, according to the AUDIO cryptocurrency price forecast, Audius is a good investment. Almost all of these are great-for example, some Audius price forecasts for 2025 set their price at that time between 9 and 15 US dollars, a three to five times increase compared to today.
Yes, if your risk tolerance allows investing in crypto, you should invest in Audius. In addition to having a good idea that may completely change the music industry behind it, Audius has also received some very attractive predictions from encryption experts: some AUDIO price predictions for 2025 are expected to easily exceed $10 by then.
Yes, as many experts agree, Audius will rise. Audius’s price forecast for 2021 is modest, but it remains mainly in the range of about US$3 to US$5, but longer-term forecasts place it above US$9 or even higher.
Disclaimer: This article should not be considered as providing trading advice. The cryptocurrency market suffers from high volatility and occasional arbitrary fluctuations. Any investor should research multiple viewpoints and be familiar with all local regulations before investing.
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