2021-10-6 23:42

Audius is a blockchain project that is disrupting the music streaming industry.

Audius is an Ethereum-enabled music distribution service that takes aim at recognized startups such as SoundCloud and Spotify. Its creators hope that offering a more attractive deal for musicians should help Audius build a stable of musicians so strong that users will come in droves.

Its price exploded in August after the company announced a major deal with TikTok, the social media sensation. As part of the deal, artists using Audius will have their music available on TikTok’s platform that has hundreds of millions of customers. This was notable since Audius already has more than 100k artists on its platform and more than 5 million users.

How Does AUDIUS work?

The protocol consists of:

Discovery nodes that index the Audius content ledger and provide an easily query-able interface for retrieving metadata;Content nodes to host content and permission access to content on behalf of artists;Content ledger as a single source of truth for all data accessible within the Audius protocol, anchoring references to content hosted by content nodes;

AUDIO is the native utility token for:

Participating in protocol governance votingStaking for running discovery or content nodes so users will get a share of network feesStaking to unlock features like artist tokens and badges and receive voting power from fans

Unlike Spotify or SoundCloud, which are not blockchain-based, Audius is built on the Ethereum and Solana blockchains and is run by a community of token holders, rather than one centralized entity.

To become a token holder, users can either buy AUDIO, the native governance token of Audius, or earn it. Top artists and active users may earn AUDIO tokens as rewards, for example.

Token holders can vote on and have control over decisions made, similar to shareholders who own certain stocks.

Audius launched its mainnet service in October 2020 with a livestreamed concert featuring deadmau5 and RAC.

Quick reminder for crypto newcomers

Essential tools you need to succeed in crypto are a good exchange, safe hardware wallet and a reliable crypto tax tool.

If you plan to be a day trader, then a good charting tool and efficient trading bot are also a must.

If you plan to be a holder, then why not put that crypto to work by borrowing it out on crypto lending platforms.

Below are our recommendations:

Exchange: Binance for highest liquidity and coin choice. Gate.io & KuCoin for gem hunters. ByBit for leveraged trading (Margex for really crazy leverages).

Safe hardware wallet: Ledger Nano X, Trezor or CoolWallet Pro.

Tax Tool: Koinly, Cointracking or ZenLedger.

Charting tools & bots: Bitsgap, Coinrule or Cryptohopper.

Lending platforms: BlockFi (for US residents), YouHodler (for EU and rest of the world).

Show Less AUDIO Price Prediction For The Next 90 Days The whole crypto market is currently on the verge of a real bull run.

There is no broader consensus as crypto analysts are divided as some of them are still calling this market a bull trap.

Others, lead by famous on-chain experts like Will Clemente and Willy Woo, are calling this a preparation stage for a face-melting bull run. As always, bitcoin has the final say and altcoins will follow suit once the flag bearer decides the direction.

Our price prediction model is bullish for the next 90 days with a hint of a bear market at the turn of the year.

CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project.

Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.

Below is a tabular overview of how will Audius develop in the short-term (for the next 90 days), according to our prediction model:

Audius Price Prediction 2022

Our prediction model sees a temporary switch to a bear market at the beginning of 2022 before we move onto another leg up in Q3 & Q4 of 2022.

Audius Price Prediction 2025 – 2030 – 2040

Our prediction model sees AUDIO reaching new highs in 2025, landing in the $60-$70 per token rang.

Audius price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.