Technology has been key in fueling innovation more than anything else. This innovation can be seen in almost every sphere of our lives, communication, banking, finance, or anything else. One such notable innovation came in the form of cryptocurrencies which made its entry as a revolution in the world of finance.
Since the launch of the first crypto in 2009, the number of cryptocurrencies and crypto exchanges has been increasing steadily. There are more than a thousand cryptos and crypto exchanges to choose from. But it is challenging to find the right crypto that best suits your needs and requirements.
But there are few, such as Audius (AUDIO) Token, who stand out in the crowd with their distinct characteristics. Catering to the requirements of the music streaming industry, the Audius (AUDIO) Token came a revolution to help out creators. More and more people are now using the Audiius network to promote their music and reach a larger base of listeners.
These characteristics have managed to attract many traders and investors from all over the globe. But before you decide to jump the wagon and invest your money in Audius (AUDIO) Token, there are some things you ought to know about. So continue reading to understand better what the future holds for Audius’s (AUDIO) Token.
Table of Contents
Audius (AUDIO): At a Glance
|Project Name||Audius Network|
|AUDIO Market Cap||$294,878,183|
|Current Supply||818,441,374.00 AUDIO|
|Circulating Supply||818,441,374.00 AUDIO|
|Current Price (As of July 1st week)||$0.3609|
|All-time High Rate||$4.99|
Audius (AUDIO) Token: Overview
Audius (AUDIO) Token is the crypto that powers the Audius project. This project came into being with a noble motive to resolve many prevalent issues across the music industry. The project helped eliminate the need for intermediaries such as record companies. This further helped creators enjoy a larger share of profit.
Audius is a blockchain network that leverages the smart contract feature with the Audius (AUDIO) Token. The project comes with a decentralized ledger and a file storage system where creators store their audio files and metadata. Audius provides a distinct system to creators, who can use it to record and prove the ownership of their content.
Besides that, the Audius project also has a track encryption scheme that prevents unauthorized access to their content. There is also a customized streaming mechanism in Audius which can be highly beneficial for music creators. The platform also offers a decentralized governance mechanism where every stakeholder has an equal say on the future of the network.
Audius was launched in 2019, but it took some time for the protocol to gather popularity among the masses. However, things changed for Audius in 2021 when it finally started attracting numerous investors and partners.
This paints a clear picture of why the Audius (AUDIO) Token has the potential to disrupt the entire music industry, which has long been a monopoly of record companies. Creators can now get better pay for their hard work, which has long been a matter of discussion in the music industry. The decentralized nature of Audius eliminates the risk of piracy significantly compared to most other music streaming platforms, such as Spotify to iTunes.
AUDIOs Token Fundamental Value
The crypto world is evolving at an unprecedented pace. Since the launch of Bitcoin in 2009, the number of cryptos has been increasing steadily. But Audius (AUDIO) Token is a crypto that is certainly one of its kind. The entire Audius ecosystem came into being to address the deficiencies of the crypto industry. As a result, the token has been performing very well in the market for the past couple of years.
Audius (AUDIO) Token currently stands at a valuation of $0.349134 per AUDIO with an impressive market capitalization of $285.75 million. Furthermore, the good news here is the token is still benefiting from an impressive 24-hour trading volume of $21.38 million. Given these figures, chances are high that the token’s value will increase further in the coming time. Some of the cases where the Audius (AUDIO) Token yields fundamental value include:
Like any other crypto in the market, Audius (AUDIO) Token is an excellent choice for trading. The token is widely available across numerous exchanges so anyone can trade it. This offers an outstanding opportunity for traders looking to generate attractive returns.
The other great use of the Audius (AUDIO) Token is the ability to stake this token. The Audius network allows its users to stake their Audius (AUDIO) Token holdings and generate great interest in them. Besides that, staking can also help you be a part of the decision-making body for the Audius ecosystem.
Revenue For Music Creators.
The other great thing about the Audius (AUDIO) Token is music lovers can use it to reward their favorite music creators. If you like someone’s music on the Audius network, you can use your Audius (AUDIO) Tokens to reward the artist. This is a great way to increase revenue generation for music creators by eliminating the role of intermediaries.
Now that you have a better idea of the fundamental value of the Audius (AUDIO) Token, it is time to carry out a deeper analysis. The following section will give you a peek into the price history of the Audius (AUDIO) Token. So make sure you read to the end of the Audius (AUDIO) Token history to understand better what the future holds for the Audius (AUDIO) Token.
AUDIO Token Price History & Overview
The Audius network came into being in 2019 after the idea was conceptualized in 2018. However, the release of the Audius (AUDIO) Token was further delayed for various reasons. But in 2020, the token finally entered the market, priced at $0.7774, which was also the token’s all-time low until 2022.
2020 remained more or less a dormant year for the Audius (AUDIO) Token, with the token ending the year for a price of $0.25. But things started to change for the good with time. The following year in 2021, Audius (AUDIO) Token began to see some action on a positive note. The token’s value increased slightly following its entry in 2021.
The start of 2021 was not very great for Audius (AUDIO) Token, but the prices began to look better in the following months. It was in March of 2021 when the token’s value finally began to soar up. On the 9th of March 2022, Audius (AUDIO) Token’s value finally breached the $1 mark, reaching $1.084.
Prices continued to rise in the following days, with values soaring to $3.177 on the 1st of April 2021. However, this was further followed by a short and gradual fall in the prices taking its value to $2.488 by the 9th of April of the same year. But thanks to the volatile nature of crypto market, the prices again increased to $2.753 by the 13th of April 2021.
Prices remained over the $2 mark until May of 2021 but then came the month of June 2021, which was not a very good time in the token’s history. By the end of May 2021, Audius (AUDIO) Token again fell below the $1 mark, which was not a start one wished for. By the 25th of June 2021, Audius (AUDIO) Token was traded in the market at a value of $0.671.
Further down the lane, mid-July was when Audius (AUDIO) Token’s value again exceeded the $1 mark. This trend followed the token until the coming months and well into August. In August 2021, the Audius (AUDIO) Token reached a new high of $3.327 by the 18th of August 2021.
But again, the values continued to fall further with each passing month, and the token closed the year 2021 for $1.658 on the 30th of December 2021. One might presume that 2022 is a good year for the Audius (AUDIO) Token valuation, but things are very different.
The Audius (AUDIO) Token started the year for $1.602 and experienced a couple of price spikes now and then. But more or less, it was evident that Audius (AUDIO) Token’s prices are on fall. Things got very bad after the 12th of May 2022, when the fear of a crypto crash further impacted the token’s value.
This steep fall in Audius (AUDIO) Token’s prices resulted in the token amounting to just $0.37 on the 12th of May 2022. Audius (AUDIO) Token is still recovering from this fall, with its current price as of July 2022 standing at $0.3603 with a market cap of $294,878,183 and a 24-hour trading volume of $17,340,196.
AUDIO Token Price Forecasts
There is no shortage of cryptocurrencies in this market. But there is something entirely different about the Audius (AUDIO) Token that sets it apart from most other cryptos in the market. For starters, the entire network was curated to address the existing loopholes in the music industry.
As of now, it would be safe to say the network has done a commendable job in realizing its ambitions. But even with the recent developments in crypto, it is very clear that this year will be much of a bearish trend in the market. Thus, Audius (AUDIO) Token is not the only crypto suffering from the adversities brought forward by the crypto winter. With that said, let’s dive into the technical and fundamental analysis of the Audius (AUDIO) Token.
Audius (AUDIO) Token was performing relatively well in 2021 compared to 2022. The previous year was one of the best times for the token, with its value exceeding the $3 mark with ease. But of course, things began to go towards the south by the time it reached the end of 2021.
Currently, the Audius (AUDIO) Token stands at a valuation of $0.3603 as of July 2022. Of course, this is not the best time for Audius (AUDIO) Token, but things will certainly get better with time. Given that there are still 818,441,374 AUDIO tokens circulating in the market, it is a very good indication that people are still interested in the Audius (AUDIO) future Token.
All sorts of crypto investors and traders are very well aware of the important role that fundamental analysis plays in determining the future of a token. Thus, before investing in it, familiarizing yourself with the fundamental analysis of the Audius (AUDIO) Token is very important.
As you might have already guessed, there is no question one can raise on the fundamentals of the Audius (AUDIO) Token. The entire intent behind the development of the Audius (AUDIO) Token was to empower musicians and music creators. The network aimed to eliminate the middlemen and increase the profit share of music creators. Thus, no matter how bad things get, Audius (AUDIO) Token will always have people with the ownership of the token, ensuring it has a robust foundation at all times.
Note: The crypto market and volatility go hand in hand. No matter how precise or well thought out your calculations are, there is never any definitive way to determine the right future price of crypto. Even those mentioned above technical and fundamental analyses are here to give you an idea, so do not mistake them for concrete predictions. At the end of the day, you have to do research and appropriate due diligence and determine if it is worth investing in Audius (AUDIO) Token.
Now that you have a nuanced idea of the technical and fundamental aspects of the Audius (AUDIO) Token, it is time to get into further details. The following section will give you an insight into the year vice price predictions of Audius (AUDIO) Token. So continue reading to learn more about Audius (AUDIO) Token’s future performance and base your investment decisions accordingly.
AUDIO Token Price Prediction
Audius Token Price Prediction 2022 | Potential ROI: -32%
2022 has been a bearish year for all cryptocurrencies, not just Audius (AUDIO) Token. The token started the year with its value over the $1 mark. But things did not last this way, as there were a steep decline in the Audius (AUDIO) Token’s prices since May 2022. This decline in prices resulted in the prices falling below the $1 mark again.
As of July 2022, Audius (AUDIO) Token’s value stands at $0.3603 with a market cap of $294,878,183 and a 24-hour trading volume of $17,340,196. But the token is showing some signs of recovery, even if the signs are meager. Also, the current circulating supply of Audius (AUDIO) Tokens stands at 818,414,374 Audius (AUDIO) Tokens.
For the remainder of 2022, experts from TradingBeast are predicting a slight increase which will take the token’s value to $0.518 by December 2022. On the contrary, experts from PricePrediction.net are predicting a further decline which will take the token’s value to $0.1419 by the end of this year; experts from WalletInvestor share the same view with their predictions indicating the prices to be somewhere around $0.0417 by the end of 2022.
Audius Token Price Prediction 2023 | Potential ROI: -51%
The bearish trend is not leaving Audius (AUDIO) Token anytime soon. Consequently, the token’s value will decline even further in the coming year. Experts from TradingBeast are optimistic, suggesting the prices will remain at $0.459377 by the end of 2023. On the other hand, experts from PricePrediction.net are indicating a further decline that will take the token’s value to $0.020766 by December 2023. WalletInvestor experts also indicate a decline to take the token’s prices to a new low of $0.0258 by the end of 2023.
Audius Token Price Prediction 2024 | Potential ROI: 6%
Most Audius (AUDIO) Token price predictions for 2024 are rather optimistic compared to other years. PricePrediction.net is of the view the prices will remain somewhere around $443008. TradingBeast analysts predict a slight increase in the price of the Audius (AUDIO) Token, which will take the token’s value to $0.632362 by the end of 2025. Contradicting these predictions are analysts from WalletInvestor, who are citing the prices to be $0.0292 by December 2024.
Audius Token Price Prediction 2022 | Potential ROI: -2%
Most analysts are sticking to a pessimistic view for 2025 as well. However, experts from TradingBeast are indicating the prices will soar up to $0.7919 by December 2025. But analysts from PricePrediction.net are sticking with their pessimistic view suggesting a further decline that will take the token’s value to $0.179972. Experts from WalletInvestor seem to agree with this, with their predictions indicating the price will remain around $0.0471 by the end of 2025.
Audius Token Price Prediction 2030 | Potential ROI: 77%
In the long run, things are looking good for Audius (AUDIO) Token, as most analysts have an optimistic prediction. Experts from TradingBeast are most confident with their predictions suggesting further growth, taking the token’s prices to $1.362116by the end of 2030. Then come experts from PricePrediction.net who suggest the prices will gradually reach a valuation of $0.38071 by the end of the decade. Even experts from WalletInvestor are optimistic about Audius (AUDIO) Token’s prices suggesting an upward trend that will take the token’s value to $0.090432.
Given how the token moves over the years, we understand how it can be challenging for you to keep a record. Therefore, to help you better, we’ve tried to curate a chart that shows different prices and the trade signal.
|Type Of Run||Bearish||Bearish||Bullish||Bullish||Bullish|
Is It Worth Investing In The Audius Token?
Determining if an investment will be viable in the future is not possible. The crypto market is highly volatile, and things can change for the good or bad at any time. Thus, it is always recommended traders and investors do their research and due diligence before investing in Audius (AUDIO) Token.
However, given all the information above, it becomes evident that Audius (AUDIO) Token’s value might not increase significantly in the coming years. But given enough time, things will take a turn for the good. So it might be worth investing in Audius (AUDIO) Token for the long term, but still, you need to do your research before making any decision.
This entire article walks you through all the nuances of the Audius network and the Audius (AUDIO) Token. You get an insight not just into the present of the token but also into the past and the future. So it would be wise to use this information to your advantage and make an informed investment decision.
But remember, even though this information is very granular and detailed, you must never undermine the significance of doing your research. You must research the current state of the crypto market and base your decisions on those observations. This is important for ensuring the security and safety of your token in the long run.
Can Audius (AUDIO) Token cross the $100?
There is no definitive way to predict the future of any token. But given the information available to us and an understanding of the crypto market, it is safe to say that Audius (AUDIO) Token might not exceed the $100 mark. No analyst from anywhere is predicting such a steep rise any time soon.
Will the Audius (AUDIO) Token again breach the $1 mark?
There is no predetermined way to determine the future performance of any token. But given the predictions made by experts, it does not look like the Audius (AUDIO) Token will soon exceed the $1 mark. But this might become a reality by the end of this decade.
Should I invest in Audius (AUDIO) Token?
Your investments are your personal decisions as nobody knows you better than you yourself. But investing in Audius (AUDIO) Token might not be a bad idea if you are looking to invest for the long haul. Nonetheless, do your research and due diligence to decide to serve your needs best.