Audius is a blockchain project that is disrupting the music streaming industry.
Audius is an Ethereum-enabled music distribution service that targets recognized startups like SoundCloud and Spotify. Its creators hope that offering a more appealing chord 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 which has hundreds of millions of customers. This was remarkable 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 log and provide an easily queried interface for metadata retrieval;
- Content nodes to host content and allow 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:
- Participation in the vote on the governance of the Protocol
- Staking for running discovery or content nodes so that users receive a share of network rates
- Staking 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 operated by a community of token holders, rather than a centralized entity.
To become a token holder, users can purchase AUDIO, Audius’ native governance token, or earn it. Top artists and active users can earn AUDIO tokens as prizes, for example.
Token holders can vote and have control over decisions made, similar to shareholders who own certain shares.
Audius launched its mainnet service in October 2020 with a live streaming concert with deadmau5 and RAC.
AUDIO Price Prediction for the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how Audius will develop in the short term (for the next 90 days), according to our forecast model:
Audius Price Prediction 2023
Our forecast model calls for a temporary shift to a bear market in early 2023 before moving to another lead in Q3 and Q4 of 2023.
Audius Price Prediction 2025 – 2030 – 2040
Our prediction model sees AUDIO reaching new highs in 2025, landing in the rank of $60-$70 per token.
The price of Audius in 2030 and 2040 is expected to be a couple of orders of magnitude higher than our 2025 forecast.