Audius Price

Audius (AUDIO) is a decentralized music streaming platform that gives everyone the freedom to share and listen to music. Musicians can generate immutable time-stamped records of their work, build a fanbase, and monetize their content without needing to sign a record deal. They also get free uploads and metrics and the opportunity to share exclusive content with their fans. Audius boasts the highest audio quality of any free streaming service.

AUDIO is the native token of the Audius platform and is used to secure the network, access exclusive features, and provide governance rights. In the short time that AUDIO has been on the market, its price has already seen significant change, and if you want to know why then you’re in the right place. We’ve compiled everything you need in order to get a better understanding of AUDIO price – as well as the factors which influence it.

Audius Price History

AUDIO entered the crypto market towards the end of October 2020 at $0.02. Prices surged immediately and AUDIO was worth as much as $0.30 the next day. The rest of the month saw a decline, with AUDIO closing October at $0.11. After reaching a low of $0.08 around the start of November, prices steadily climbed to a peak of $0.30 in mid-December. From there they retraced so that AUDIO was worth $0.15 by the end of 2020, representing gains of 650% since it hit the market.

Prices climbed gradually throughout January 2021 and AUDIO had regained $0.21 by the end of the month. February brought more bullish momentum as AUDIO reached a peak of $0.54 before falling back to $0.38. The rally became much steeper in March as AUDIO surged to its all-time high of $5.18, providing year-to-date gains of almost 3,300%. At that point, Audius had a market cap of more than $500 million. The rest of the month saw prices fall back to about $3.

April was mostly bearish as AUDIO dipped to a low of $1.40, before climbing back to $2.28 at the end of the month. After a peak of $3.16 at the start of May, prices began to fall again and AUDIO dipped below $1 during a single day crash of 37% later that month.

Analyzing Audius Price History

Audius price history can be analyzed with many of the same techniques as stock market analysis. Technical analysis (TA) involves using various indicators while studying price charts in order to make sense of previous price movements. With AUDIO, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of users buy or sell their coins on exchanges.

Fundamental analysis (FA), on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. The team behind Audius has previous experience of founding blockchain and analytics companies such as Backslash and StacksWare. Its community-focused nature and high audio quality give Audius a unique place in the streaming market, while the platform has already attracted millions of users and popular artists such as deadmau5 and 3LAU. These could be good signs for the project’s fundamentals.

Broader market trends have also played a role in AUDIO price history. Its surge at the start of 2021 wasn’t unique – the entire crypto market pumped around this time. Bitcoin was in the midst of a major bull run then, and with such strong market dominance, any significant price movement for Bitcoin often impacts other cryptocurrencies.

AUDIO’s sudden crash in May 2021 was also market-wide, affecting every single major cryptocurrency. Various contributing factors have been suggested, including comments made by Elon Musk, a crackdown by Chinese authorities, liquidations, and a healthy market correction.

The overall price trend of AUDIO tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.

Factors Influencing The Price of Audius (AUDIO)

A variety of different things can affect AUDIO price, including project news and developments, the flow of assets on exchanges, public sentiment, and emerging trends in the wider crypto and global economies.

AUDIO has no max supply so as to continually incentivize network participation. This means that AUDIO may not be a good store of value in the long term as its price will fall unless demand for the token increases to keep up with its growing supply.

The main reason for AUDIO demand will be for staking. Users who stake their tokens earn a share of network fees. As of May 2021, the estimated weekly reward rate is 0.527%, which could incentivize more people to buy and stake AUDIO. Stakers also receive governance rights, allowing them to shape the future of Audius.

Artists who stake their AUDIO can unlock exclusive features and services, such as artist tokens and badges, and receiving voting power from their fans. It is therefore likely that demand for AUDIO will be correlated with adoption of the Audius platform, and so more artists and users joining the streaming service could boost the price of AUDIO.

Live Audius Value and Market Cap

The live price of AUDIO varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux. 

Given AUDIO’s volatility, its live price can change by a large amount in a very short space of time. The market cap of Audius is equal to the price of AUDIO multiplied by the number of AUDIO in the circulating supply.

Audius Price FAQ

What is the highest Audius price in EUR?

Audius price history shows that AUDIO has recorded a peak value of EUR.

What is the lowest Audius price in EUR?

AUDIO price history shows that EUR EUR is the lowest recorded Audius value.

How can I buy Audius?

You can purchase Audius and over 290 different cryptocurrencies in seconds with Kriptomat, learn more about how to buy Audius. It’s available for immediate purchase at the current AUDIO price quote of EUR. Current prices are always displayed in the AUDIO chart.

What is the current Audius price in EUR?

Kriptomat data confirms that the current Audius price is EUR.

How is the price of AUDIO calculated?

AUDIO’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying AUDIO than selling it, the price goes up, and when more are selling than buying, the price goes down.

Why is the price of AUDIO different on different cryptocurrency exchanges?

AUDIO’s price is based purely on trading as there is no standard global Audius price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affect the price.

What will AUDIO be worth in the future?

It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future value of AUDIO. However, demand for AUDIO is likely correlated with adoption of the Audius platform, so future growth in the number of Audius users and artists could boost AUDIO price.

Conclusion

Despite only joining the crypto market relatively recently, the price of Audius (AUDIO) has already seen significant change, going from lows of $0.02 to highs of over $5. It hasn’t been a smooth journey though, as AUDIO’s volatility can lead to surges and crashes.

Many different factors have played a role in determining the price of AUDIO, including demand for staking, the number of artists and users on the Audius platform, and trends in the rest of the crypto market and wider economy. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.

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