AUDIO, the native token of the decentralized music streaming platform, abruptly surged greater than 70% inside hours. AUDIO token printed an enormous inexperienced every day candlestick as its worth 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 latest volatility to seize income.
Audius has steadily risen because the begin of 2023. After seven straight days of optimistic worth motion, the worth reached the $0.19 stage 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 right this moment’s every day candlestick being the biggest.
For the primary time in months, the rise pushed Audius previous the every day MA 200 barrier, which had constrained its worth since April 2022. Whereas the latest rally appears to be technically supported, a latest announcement by high U.S. crypto alternate Coinbase may additionally have propelled the AUDIO worth.
Coinbase provides AUDIO to roadmap belongings
Audius has formally been added to the itemizing roadmap for cryptocurrency alternate Coinbase, in response to a latest launch. The itemizing is predicted to go dwell throughout the subsequent few weeks, although the precise date has not but been made public.
Asset added to the roadmap right this moment: Audius (AUDIO) https://t.co/zu1IBdrD7X
— Coinbase Belongings (@CoinbaseAssets) January 23, 2023
Coinbase solely provides the cryptocurrencies that it plans to assist shortly on its platform to its roadmap. Nevertheless, the transfers and exchanges of those belongings are usually not but supported till an official itemizing is made.
The decentralized Web3 music streaming service Audius, which has over seven million month-to-month listeners and over 250,000 artists, gives companies 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.