Crypto NewsAltcoinThis Altcoin Soared 57 Percent Today! Here's Why!

This Altcoin Soared 57 Percent Today! Here's Why!

AUDIO price has increased by 57% in the last 24 hours, what is the reason for this increase?

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Business Insider, a multinational financial and business news website based in New York City, listed “14 Music-Tech Companies to Watch” in a recent report.

Among these 14 companies was Audius (AUDIO), a decentralized music streaming protocol.

While this news caused a big jump in the AUDIO price, the AUDIO price increased by 57% in the last 24 hours.

Commenting on Business Insider's news, Audius co-founder Forrest Browning said:

“ Think of us as a more modern form of SoundCloud with a lot of paid fan engagement layered on top.

Currently, Audius runs on a decentralized blockchain powered by Solana and Ethereum.

Additionally, Audius currently has between 5 and 6 million monthly active users. The platform's most popular genres are electronic and hip-hop.

Currently, artists do not have a venue or outlet to foster deeper relationships and deeper collaborations. Audius wants to fill this gap by giving superfans a new way to engage with their favorite artists.”

*This is not investment advice.

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