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Audius: Meet The Platform Looking To Shake Up The Crypto Music World

Audius, a “new kid on the blockchain”, is looking to shape an entirely new way of music distribution between artist and fans. AudioCoin breaks down the barriers of traditional music financing, directly connecting artists and fans through a transparent, distributed ledger.

Let’s dive in to Audius’ role in music and more on the platform’s native token.

The Get Down: What This Platform & Token Is All About

For those who are familiar with audio platform Soundcloud, you will understand Audius has gained similar comparisons because of its ‘artist-first’ mentality. This approach allowed Soundcloud to birth many successful artists, such as Chance The Rapper, because of the platform’s ability to drive music to fans with minimal label interference. How does this tie into Audius, as well as cryptocurrency more broadly? The platform is using the blockchain to connect sellers and consumers within music in a similar vein as Soundcloud.

Audius also uses the same artist-friendly approach, by allowing them free uploads, a substantial artist percentage payout, and placement opportunities. All of these transactions will be reported on the blockchain. The platform seems to have a firm understanding that artist buy-in is critical.

The crypto music platform also has a token available with limited access points; however, this token has surged into the top 150 tokens and will be looking for continued exchanges to host on.

AUDIO: Audius currently trading at $2.50 AUDIO-USD on TradingView.com

Related Reading | GreedSwap: Super Producers Cool And Dre Help Launch New Coin & Crypto Label

 Audius & The Music Industry

The way music is bought and sold today has evolved drastically over the past decade. With the rise of digital streaming, Audius now provides a new way that might change how we get our favorite songs. Other projects stand to benefit greatly as Audius shows us a new potential blueprint around crypto and the music business.

The San Francisco-based coin has gained some national  attention in recent headlines on Rolling Stones with some heavy hitters getting behind the project. Some of  the fast growing list of artist investors include Katy Perry, Nas, The Chainsmokers (via their Mantis VC), Jason Derulo, Pusha T, Steve Aoki, Linkin Park’s Mike Shinoda, and more. Audius is a example of how music distribution and the blockchain work together and effectively, providing an innovative way of getting music to fans and getting artist’s paid.

Many interested investors around crypto and music are starting to look at Audius (AUDIO) as something to keep an eye on. The crypto’s price jumped significantly this year and is still on the climb as they close out more deals. With powerhouse backings from artists, executives, and platforms like TikTok, it will be interesting to see how things go in 2022 and in years to come.

Related Reading | How NFTs Are Impacting Artists’ Lives: Enter Bullseum

 

ADA Is Alive And Ready To Moon, As Long As This Happens…

ADA Price: Cardano may be down, but don’t count it out just yet.  Covered: It’s Alive! ADA Price On The Daily ADA Price On The Hourly Closing Thoughts ADA Price: It’s Alive! After finding support at the 50 Week Simple Moving Average (image below, green line), Cardano (Ticker Symbol: ADA) began to rally going into::Listen

ADA Price: Cardano may be down, but don’t count it out just yet. 

Covered:

  • It’s Alive!
  • ADA Price On The Daily
  • ADA Price On The Hourly
  • Closing Thoughts

ADA Price: It’s Alive!

After finding support at the 50 Week Simple Moving Average (image below, green line), Cardano (Ticker Symbol: ADA) began to rally going into yesterday’s close.  It pushed its way back above an important resistance point at $1.54 USD, and printed a weekly candle with a nice bullish wick to the downside.

Recommended: Is ADA Back From The Dead?

ADA On The Daily

Things are also looking promising on the daily chart for ADA.  In the past few days, we have seen two long wicks to the downside, showing that the market is currently rejecting any prices below $1.54.

This candle pattern could be seen as a cross between a “Tweezer” style bottom, and “Morning Star” formation.  Both of which are reversal patterns to the upside.

We also find the RSI (Relative Strength Index) bouncing at the “Oversold” territory, after finding its lowest point in quite some time.

 

ADA Price: On The Hourly

On the one-hour chart, we find ADA moving sideways, but holding support at the 20 One Hour Simple Moving Average (image below, yellow line).  Maintaining price action above that line is a sign of strength, and could mean that ADA is getting ready for another move higher.

Recommended: If Polygon MATIC Can Sustain Support Above $2 Dollars…

If the 20 One Hour Simple Moving Average does not hold as support, another backtest of $1.54 should be expected.

 

Closing Thoughts

In my opinion, the fate of Cardano is now in Bitcoin’s hands.  If Bitcoin can stay strong and continue higher, Cardano will continue higher too.  But if Bitcoin pulls back, then Cardano, and most other cryptocurrencies, will be pulled down with it.

Check out today’s Bitcoin analysis here.

The post ADA Is Alive And Ready To Moon, As Long As This Happens… appeared first on CryptosRus.

Audius: Meet The Platform Looking To Shake Up The Crypto Music World

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