Ethereum`s Audius Token Drops Over 24.00% Today: Should You Sell Now?

Audius price today is $1.9 USD with a 24-hour trading volume of $113,753,448 USD. Audius is down 24.00% in the last 24 hours. The current Coin Market Cap ranking is #103, with a live market cap of $788,460,691.07 USD. It has a circulating supply of 406,077,610.00 AUDIO coins and the max. supply is not available. Ethereum-based decentralized music streaming platform Audius reached an important level on Thursday, as five million people a month now use the platform, making it one of the largest consumer applications on the blockchain.

Ethereum`s Audius Token Drops Over 24.00% Today: Should You Sell Now? According to Audios co-founders Ronyal Rumburg and Forrest Browning, most of the approximately 100,000 Audius artists have a small to the medium audience. But major music industry players such as Skrillex, deadmau5 and Weezer are also using Audius to introduce music, including unfinished and unreleased music, to their fans. Audius, which was launched in 2019, works closer to a decentralized version of SoundCloud than Spotify. The creators do not pay Audius directly, but instead receive the infrastructure necessary to monetize their work as they see fit, including through the sale of NFT tokens.

Lora Nilsson

Finance and Business reporterAfter graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter