Is It Too Late to Buy AUDIO? Audius Price Soars 52% And This Might Be The Next Crypto To Explode

The Audius price surged 52% in the last 24 hours to trade at $0.2527 as of 4 a.m. EST on trading volume that skyrocketed 4,975% to $279.49 million.

Several developments contributed to a sharp increase in the AUDIO price pump, one being an announcement a few days ago that it allows artists to sell their albums on its platform.

The project said this feature will be available for those who have already been granted access to its premium sales waitlist. The move was made to empower artists and allow them to create their own albums, set their own prices, and unlock the earnings they deserve.

We’re excited to announce that artists can now sell their albums on Audius 🎉

If you’ve already been granted access to our premium sales waitlist, you’ll now also have the option to sell your albums too 💸

The power is in your hands. Create your album, set your price, and… pic.twitter.com/mfHSpeEHkw

— Audius 🎧 (@audius) May 22, 2024

The advantage of this is that artists will be able to create new, completely standalone albums and not have their earnings diluted by intermediaries.

Apart from that, the project was yesterday listed among 14 Music-Tech companies to watch by Business Insider.

Audius Price Prediction

The AUDIO price has been fairly stable over a long period, compared to the events seen in the last 24 hours. Positive developments brought a massive price surge without warning, sending the token sky-high. The question is, is it too late to join now?

AUDIO is far from its all-time high, but many believe it has yet to reach its current limits. Technical indicators suggest that traders remain bullish on the token, but also that the current resistance of $0.26 might be holding it from going further up.

For example, Audius’ Bollinger bands saw a massive widening yesterday when the surge started. This was followed by a narrowing as the project kept running into resistances, as traders seemingly expected each of them to stop its progression, but this did not happen until it reached $0.26.

Now, however, a new bullish wave is trying to breach this level as well, although for now, it is still holding.

Another indicator, the project’s Relative Strength Index (RSI) suggests that AUDIO may have reached its limit after all, as the RSI value ventured into the overbought territory. Since then, it saw a slight drop as some traders took profit, currently sitting at the value of 67.01.

While this doesn’t leave the project with too much room left to grow, there is a bit more, although it would require strong buying pressure, and quickly. Unfortunately, the rest of the market is correcting after seeing a minor rally over the last few days, so the chances of buying pressure forming out of positive sentiment are unlikely at this time.

Meanwhile, Audius likely doesn’t have any more hype-inducing announcements left to publish, which suggests that it might start to correct with the rest of the market soon.

If so, its price could drop to a support at $0.20. Alternatively, if the buyers do manage to push the price further up, the resistance at $0.26 is waiting for them, and beyond that, the one at $0.27 and $0.30.

Regardless of what might happen, AUDIO is likely to take a while to return to its previous mostly stable state, so some volatility should be expected.

Promising Alternatives to Audius

Despite being one of the top performers in the last 24 hours, many believe that Audius has reached its peak for the moment and that it is too late to buy AUDIO now.

There are some interesting alternatives for those who do not wish to risk getting into Audius now.

One such alternative is Mega Dice (DICE), a presale launched by the Mega Dice Casino, for its new native token DICE. It’s already raised over $1.33 million, in part because of the numerous benefits it offers.

These include staking, daily rewards based on casino performance, access to limited edition NFTs, referral rewards, early bird bonuses for early investors, and more.

On top of that, Mega Dice also is holding a $2.25 million airdrop giveaway that is split into three seasons.

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We're implementing multiple tiered price increases, so make sure to secure your $DICE… pic.twitter.com/QSvTXn4tOC

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Season 1 has already ended, and $750,000 in DICE tokens were delivered to participants. Season 2 is ongoing, and all that is needed to qualify is to wager $5,000 within Mega Dice Casino in 21 days.

If you are attracted to Mega Dice, the DICE token can be bought for $0.075 per unit, and you can purchase it using ETH, BNB, or SOL.

Visit the Mega Dice official website here.

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