Is It Worth Buying In 2022

You only assume traditional giants like Spotify and Apple Music when you think of the music industry. You would hardly believe that there could be a blockchain-based music medium that could advance the music industry. Here is a decentralized network called Audius. Let’s find out its value in 2022 and beyond.

What is Audius (Audio)?

The Audios Protocol is a blockchain-based music streaming and sharing protocol that instantly connects artists, content creators, and listeners. Therefore, everyone is given the freedom to monetize, distribute and broadcast any audio content.

The blockchain-based streaming platform allows consumers to support artists through AUDIO tokens. The protocol is handled by the community, including artists, developers, and fans.

Unlike traditional music streaming services, the number of streams does not determine the artist’s earnings. Instead, the Audius platform gives artists the flexibility to monetize their content as they see fit, including selling NFTs, among other means.

According to the Audius white paper, The protocol presents as a platform that gives artists control over their contents while eliminating the many third parties that take a portion of the artist’s income along the way.

The concept allows artists’ content customers to spend on them directly through the audio token rather than spending their own record label or any other third parties.

The current market price of Audius

As of January 10, 2022, Audius price trends were at $1.35 with a 24-hour trading volume of $11,645,808. Audius is up 0.04% in the last 24 hours. CoinMarketCap’s current rating is 114, with a direct market capitalization of $694,227,374. It has a circulating supply of 515,745,635 coins and a max. Offer not available.

Audius Price Prediction

We have collected the most trustworthy price forecasts for Audius (AUDIO) from popular forecasting platforms.

WalletInvestor Audio Price Prediction

According to WalletInvestor, The price of the Audius will go from $1,342 to $3,500 in one year. This makes audio a great investment. The long-term earning potential is 160.80%. The expected price for the end of 2027 is $11.113.

TradingBeasts audio price prediction

In response to whether Audius is a good investment, TradingBeasts says it’s resounding Yes. In the perspective of 2022, this coin is expected to reach $1.37,656 with a growth to $1,59,601 by the end of 2023.

DigitalCoin Audio Price Predictions

In DigitalCoin analysis, The price of the Audius cryptocurrency will increase in the next five years starting from $1,6471,666 as of today’s price to $6,979,957. It will rise to $2,453,045 by 2023 and continue to grow in 2024-2025. Based on these forecasts, Audius is a profitable long-term investment.

Is Audio (Audio) a good investment?

Audious is an amazing medium with the potential to revolutionize the music industry. However, it faces some major competitors from the likes of Spotify and Apple Music, and the project is trying to break into an industry worth $13 billion annually.

Audius expects to improve the model’s other music streaming services. If he can give the music industry an advance to the current system, he can strengthen music and coding.

You need to monitor the music artists who are using the Audius platform. A well-known artist who supports the project can significantly affect the price.

HOW TO BUY AUDIUS (AUDIO)

Now that you know the value of the Audius platform, you might be interested in buying audio. Fortunately, buying a token is very simple.

1. Open an account online

The first step to buying audio is to open an account online. Online accounts are the most accessible but may not be the most secure. If you reside outside the US, FTX is an excellent option for buying audio.

If you are in the US, Crypto.com is an excellent choice. Make sure to research an exchange before opening an account properly.

2. Purchasing a wallet (optional)

Wallets are a way to hold cryptocurrencies and offer much more protection than online accounts, and they also allow you to get an instant license to your assets. While owning the wallet is not necessary to purchase the audio, it may be a safe option.

Best Wallet Choice: Ledger

Ledger is a hardware wallet that assists ERC-20 (AUDIO.) tokens that look like a USB stick but allow users to physically store their purchases. It is more secure than online exchanges because there is almost no risk of being hacked.

Ledger currently offers two models of hardware wallets: Nano S and Nano X. The Nano S is much easier and supports most basic functions, and the Nano X is more advanced and offers more features, such as more storage space.

3. Make the purchase.

Once you have either a funded exchange account or a wallet, you can make the purchase. On the exchange, head over to the token page, and there will be an option to either swap or buy the token.

If you have US dollars or other fiat currency on the exchange, you can choose how much you want to buy and carry out the transaction. If you use a wallet, you can use the “swap” feature. Choose the currency pair you wish to use and execute the trade. The full list of supported coins can be found on coinmarketcap.