Audius (AUDIO) Price Prediction 2023 — Will AUDIO Hit $1.5 Soon?
- Bullish AUDIO price prediction is $0.5156 to $1.0247.
- AUDIO price might also reach $1.5 soon.
- Bearish AUDIO price prediction for 2023 is $0.1270.
In Audius’s (AUDIO) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about AUDIO to analyze the future movement of the cryptocurrency.
Audius (AUDIO) Current Market Status
| Current Price | $0.3077 |
| 24 – Hour Trading Volume | $52,176,270 |
| 24 – Hour Price Change | 1.3% up |
| Circulating Supply | 935,984,399 |
| All – Time High | $5.29 (On November 12, 2021 ) |
What is Audius (AUDIO)?
Audius (AUDIO) is the native cryptocurrency of Audius, a decentralized music streaming platform. It was launched as a layer 2 blockchain protocol on POA Network, an Ethereum sidechain, in 2018. Later in 2020, the protocol’s content management system migrated to the Solana blockchain.
Audius emerged as a streaming platform that combines the pros of blockchain technology and web3 to solve the drawbacks of the traditional music industry. It allows artists and creators to upload their creations, music tracks onto the incentivized blockchain protocol. Notably, it enables the monetization of music within the decentralized finance realm.
The native token, AUDIO, was also launched along with the protocol in 2018 as an ERC-20 token. Primarily, AUDIO serves as the governance token of Audius. It grants users with the voting rights in the matter of network enhancement proposals.
Users stake AUDIO tokens to validate and secure the records on the protocol. Artists and creators receive rewards in AUDIO tokens for streaming their content and music tracks.
Audius (AUDIO) Price Prediction 2023
Audius holds the 133rd position on CoinGecko right now. AUDIO price prediction 2022 is explained below with a daily time frame.
The above chart of AUDIO laid out a horizontal channel pattern. Horizontal channel pattern, also known as the sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.
Currently, AUDIO is in the range of $0.3001. If the pattern continues, the price of AUDIO might reach the resistance level of $0.3468, and $0.4690. If the trend reverses, then the price of AUDIO may fall to $0.2583.
Audius (AUDIO) Support and Resistance Levels
The below chart shows the support and resistance level of AUDIO.
From the above daily time frame, we can interpret the following as the resistance and support levels of AUDIO.
| Resistance Level 1 | $0.5156 |
| Resistance Level 2 | $1.0247 |
| Support Level 1 | $0.2482 |
| Support Level 2 | $0.1270 |
The charts show that AUDIO has performed a bullish trend over the past month. If this trend continues, AUDIO might run along with the bulls overtaking its resistance level at $1.0247.
Accordingly, if the investors turn against the crypto, the price of the AUDIO might plummet to almost $0.1270, a bearish signal.
Audius (AUDIO) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of AUDIO is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of AUDIO lies below the cutoff line, indicating weaker participants in the current trend.
Also, the Moving Average (MA) of AUDIO is shown in the chart above. Notably, the AUDIO price lies above 50 MA (short-term), so it is completely in an uptrend. Currently, AUDIO is in a bearish state. Also, there is a possibility of a reversal trend of AUDIO at any time.
Meanwhile, the relative strength index (RSI) of the AUDIO is 86.65. This means that AUDIO is in an overbought state. There is a possibility for the occurrence of a trend reversal in the upcoming days. So, traders need to trade carefully.
Audius (AUDIO) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of the Audius (AUDIO). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Audius (AUDIO). Currently, AUDIO lies in the range of 68.9331, indicating a very strong trend.
The above chart also represents the Relative Volatility Index (RVI) of AUDIO. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of AUDIO lies above 50, indicating high volatility. In fact, AUDIO’s RSI is at 86.65, thus confirming a potential buy signal.
Comparison of AUDIO with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Audius (AUDIO).
From the above chart, we can interpret that the trend of AUDIO is similar to that of BTC and ETH. This indicates that when the price of BTC and ETH increases, the price of AUDIO also increases. And when the price of BTC and ETH decreases, the price of AUDIO would also decrease.
Audius (AUDIO) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Audius (AUDIO) between 2024 and 2030.
Audius (AUDIO) Price Prediction 2024
With several upgrades in the network, Audius (AUDIO) might rally to hit $2 by 2024 grabbing the major attention of the traders.
Audius (AUDIO) Price Prediction 2025
If Audius (AUDIO) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, AUDIO would rally to hit $2.5.
Audius (AUDIO) Price Prediction 2026
If Audius (AUDIO) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, AUDIO would rally to hit $3.5.
Audius (AUDIO) Price Prediction 2027
If Audius (AUDIO) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, AUDIO would rally to hit $5.
Audius (AUDIO) Price Prediction 2028
If Audius (AUDIO) holds up a strong stance as a better investment option for the next 6 years, it might drive significant price rallies. Thus, by 2028, AUDIO would hit $8.
Audius (AUDIO) Price Prediction 2029
If investors flock in and continue to place their bets on Audius (AUDIO), it would witness major spikes. AUDIO might hit $9.5 by 2029.
Audius (AUDIO) Price Prediction 2030
With greater advancements in the Audius ecosystem, the crypto community might continue to invest in Audius (AUDIO) for the next 8 years and drive significant price rallies for the token. Hence, Audius (AUDIO) might hit $12 by 2030.
Conclusion
With continuous improvements in the Audius network, we can say that 2023 is a good year for AUDIO. For this reason, the bullish price prediction of Audius (AUDIO) in 2023 is $1.0247. On the other hand, the bearish price prediction of Audius (AUDIO) for 2023 is $0.1270.
Furthermore, with the advancements and upgrades in the Audius ecosystem, the performance of Audius (AUDIO) might hit $1.5 gaining investors’ attention. It would also rise above its all-time high (ATH) of $4.95 soon.
FAQ
Audius (AUDIO) is the native token of the decentralized music streaming platform, Audius. AUDIO was launched as an ERC-20 token along with the protocol in 2018.
Audius (AUDIO) has been listed on many crypto exchanges which include Binance, Bitrue, KuCoin, BKEX, DigiFinex, FTX, Gate.io, Phemex and Bitstamp.
With the ongoing developments and upgrades within the Audius platform, it has a high possibility of reaching its ATH soon.
On March 27, 2021, AUDIO reached its new all-time high (ATH) of $4.95.
Audius (AUDIO) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Audius in the past few months, AUDIO is considered a good investment in 2023.
Audius (AUDIO) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Audius (AUDIO) will hit $1.5 soon.
Audius (AUDIO) price is expected to reach $2 by 2024.
Audius (AUDIO) price is expected to reach $2.5 by 2025.
Audius (AUDIO) price is expected to reach $3.5 by 2026.
Audius (AUDIO) price is expected to reach $5 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/audius-audio-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
