Home
News
- 1 The AUDIO token price is down 0.84% in the past 24 hours and was trading at $0.219 at press time.
- 2 The daily AUDIO/USD chart demonstrates the formation of a descending triangle pattern near the high.
Audius is a protocol that enables decentralized music streaming and sharing on Solana. It aims to empower artists, fans, and node operators with its native token AUDIO. Artists can upload music for free and earn rewards from the platform or from fans.
Fans can listen to music for free and access exclusive content with artist tokens. Node operators provide content storage and discovery services and earn fees from the network.
It uses a content ledger to record all actions on the protocol and an arbitration system to resolve disputes. It is a platform for the music industry that is transparent, fair and innovative.
The price action analysis of the AUDIO token demonstrates a short term correction phase over the daily chart. The price forms a descending triangle pattern and suffers multiple rejection from the trendline support.
Moreover, the $0.20 level has been acting as a support and the price has made multiple retest of the level. The breakout above the trendline resistance may initiate a bull rally and the price may surge higher to test the upper supply levels.
Audius Price Prediction 2023
The volume analysis shows that the trading volume increased by 17.65% and reached $9.06 Million in the past 24 hours. The AUDIO crypto ranks 173rd among the top cryptos with a live market cap of $257.04 Million. The volume-to-market cap ratio is 3.54%, indicating low volatility in the market.
The price prediction of AUDIO crypto showcases a neutral to bullish outlook in the short term. The most optimistic estimate of the analysts expects the price to reach a high of $0.259, indicating an upside potential of over 18.29%. The pessimistic outlook of the analysts is a drop to $0.204.
Audius Price Prediction 2024
As per the analysts, the most optimistic target that Audius crypto price may achieve is $0.466; indicating an upside potential of 113.22% from the CMP. The minimum analyst price target is $0.316 by the end of 2024.
Audius Price Prediction 2025
Over the next three years, the optimistic view of analysts expects that the AUDIO price may reach a high of $0.674. The price may reach $0.559 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $0.454.
Audius Price Prediction 2026
The Audius cryptocurrency price may reach a high of $0.980 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $0.799 by 2026.
Audius Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts for Audius crypto estimates a price target of $1.371. The minimum price target that AUDIO may achieve by 2027 is $1.015.
Audius Price Prediction 2028
The analysts are optimistic about Audius (AUDIO) and predict that the price could go up to $2.188 in the next five years. However, the pessimistic analysts expect the price to drop to $1.624.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
