Audius — A Decentralized Music Streaming Protocol Is up 51%

Source : coinquora.com

Altcoin News

  • AUDIO token jumped by over 51% in the last 24-hours.
  • As a result, the AUDIO token hit a new all-time high of around $3.69 on November 18.

Audius, the rising music streaming service is becoming more popular. In fact, its native token, AUDIO, is currently in bullish mode. AUDIO token jumped by over 51% in the last 24-hour period. As a result, the AUDIO token hit a new all-time high of around $3.69 on November 18. This shows that many users are investing and liking the platform.

Audius is trading at $3.15 with a 24-hour trading volume of $259,302,335, according to CoinMarketCap satista. Thus, Audius is up 49.87% in the last 24-hours. This bullish momentum pushed the crypto to rank #83 on CoinMarketCap.

To clarify, Audius is a decentralized music-sharing and streaming platform, helping transactions between creators and auditors. Therefore, it gives everyone the freedom to monetize, share, and stream any audio content.

Note that Audius is a new music streaming platform developed for musicians. In fact, many refer to it as “Spotify Rival” because many international artists invest in it. However, the contrast in Audius is that it is powered by blockchain technology.

As a decentralized music streaming protocol built-in blockchain infrastructure, Audius lets artists distribute their music and allow fans to pay artists directly.