Audius (AUDIO) has reached the top gainers list in the daily timeframe with a gain of 25%. The cryptocurrency has been bullish since the beginning of October with volatile ups and downs and is currently on a steep incline. However, the uptrend may be short-lived in line with its frequent but short bullish bursts. At the time of writing, the cryptocurrency stands at a price level of $2.63. The weekly performance shows an increase of more than 50% while the daily trading volume has surged by nearly 600%. AUDIO token has shown a phenomenal increase during the current year with a yearly opening price of just $0.16. Recent developments may help sustain the bullish trajectory of Audius.
Audius launched a new embedding tool for NFTs
Audius has launched a new NFT embedding feature for popular social media platforms which has helped the bullish rally of the token. The feature is aimed at increasing NFT adoption in the crypto world and outside and is launched on the Web 3.0 application of Audius. The application primarily acts as a decentralized music platform. Through the feature, users can connect their Web 3.0 wallets such as MetaMask or Phantom to the application which will redirect them to their NFT collection. Afterwards, users can utilize the tool to share a video gallery of their NFT collection on their social media. The embedding tool can support multiple forms of NFTs like art, music etc.
NFTs have been one of the hottest segments of the cryptocurrency world. The use cases are still being explored but they provide a unique and profitable channel for artists and content creators to showcase their masterpieces and earn in return. Audius has delved into the NFT sphere in order to benefit from the hype that the segment has to offer.
Audius is one of the earliest blockchain-based music platforms. The project enjoys a lot of hype and the performance during the year has further increased the popularity of the project. The userbase has grown to more than seven million and a lot of popular artists have shifted their focus to the platform including Nas and Katy Perry. Moreover, Audius had also partnered with TikTok.
The future outlook of the cryptocurrency is bullish as the fundamentals and technical of the platform are going strong. According to the estimates of Digital Coin Price, the cryptocurrency is expected to end the year with a price level of $3.76 while the price is expected to reach $8.72 by 2026.