Due to the recent token listings by Upbit in South Korea, the price of the listed crypto has rallied. The live price of Audius is $2.34 and it has a 24-hour trading volume of $430,002,512. A Discovery node is a collection of nodes that act as hosts for content in the Audius protocol. It can retrieve metadata about content such as permissions and content. Audius is a decentralized music-streaming and distribution protocol that enables anyone to create, distribute, and stream audio content. Its decentralized nature makes it possible to connect listeners to creators. Upbit has listed two altcoins, Aave and 1inch, which triggered a massive rally in the prices of these cryptocurrencies. Audius got listed in the South Korean exchange.
A listing by Coinbase has a higher average return than other market events. This is referred to as the Coinbase Effect. Based on IntoTheBlock data, 81% of ALGO wallet addresses are currently profitable. According to AltcoinSherpa, the price of ALGO is in strange territory. The ALGO token is expected to rise above average in no time, because of having slight little volatility. The Upbit listing announcement has helped explain the price rally of ALGO. It can also be attributed to the comments made by Anthony Scaramucci, the former White House communications director.