Audius AUDIO/USD is a decentralized music-sharing as well as a streaming protocol that can facilitate direct transactions between creators and their listeners. This means that everyone gets the opportunity to monetize, distribute and stream any audio content.
The TikTok integration as a catalyst for growth
On August 16, Audius Tweeted their announcement that they would integrate TikTok. In other words, users would be able to share their tracks directly from Audius to TikTok.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
Furthermore, this integration makes Audius one of the first partners of the media giant Sound Kit SDK.
In other words, creators now have the ability to bring original music from third-party applications into the TikTok ecosystem.
Regarding the artists that jumped on board, you have Skrillex, Deadmau5, The Stafford Brothers, 3LAU as well as others.
Should you invest in Audius (AUDIO)?
On August 18, the value of Audius (AUDIO) was $2.80.
As a point of comparison, its all-time high value was achieved on March 27 where the token had a value of $4.95. This indicates that its highest value is 76% higher than its value on August 18.
The TikTok sparked tremendous interest and growth in the token, where it jumped from $1.62 on August 16 before the announcement to $3.49 after it.
This marked a 115% jump in value, right after the TikTok announcement, that showcased a genuine interest in the token as well as the integration.
From the highest point on August 16, it dropped by 20% to August 18, which makes this a perfect point to invest in the token.
TikTok is by far one of the most popular applications out there and given the genuine integration and interest for creators to share their music on the platform, it has a lot of potential to grow.
The more the platform grows and the more creators start using Audius, the more demand for the AUDIO token will increase, which in turn will lead to its price going higher. According to data from IntoTheBlock, Audius saw $72.63 million in transactions greater than $100,000 in the last 7 days.
Furthermore, it saw 15,630 addresses in regards to the 30-day average, with a 30-day high of 17,420 addresses and a 30-day low of 14,950 addresses.
With all of this in mind, it is clear that the AUDIO token has the potential to grow, and it can climb up to $3.52 by the end of August, making it a worthwhile investment.
Where to buy right now
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:
- Etoro, trusted by over 13m users worldwide. Register here >
- Capital.com, simple, easy to use and regulated. Register here >