Audius (AUDIO) Price Skyrockets by 56% in 24h, Breaches $1.10

Audius became one of the top-performing cryptocurrencies once in the last 24 hours, as its price skyrocketed by over 56% during that time. The coin’s value surged from $0.729 to $1.154, allowing it to recover a large portion of what it lost over the last three months.

Audius price in 2022

Unlike many cryptocurrencies, Audius (AUDIO) price did not actually reach a new all-time high in November 2021, but rather earlier last year, in late March. On March 27th, 2021, the token hit the price of $4.044, only to crash to the bottom at $0.66 in the following months, as the bearish market took over the industry. The situation started changing in late June, however, and the coin once again surged, reaching $3.29 in mid-August.

What followed was months of strong fluctuations until mid-November, when the bears once again took hold of the crypto sector, forcing its prices to crash, and AUDIO ended the year with a price of $1.62.

Starting 2022, Audius actually saw a minor price increase, trying to reach $170. However, it never managed to reach this level, and instead, around January 5th, its price started crashing down. Only a few days later, it found itself at a support at $1.30, from which it bounced back up to $1.50 on January 13th.

Less than a week later, the coin started dropping again, and this time, no support managed to hold it until it hit $0.80 around January 24th. Following that, the token spent the next several weeks trying to go up, only to be rejected. However, each time it managed to get a bit higher before it price dropped, and it beat resistances at $0.90, $1, $1.05, $1.15, and eventually, the one at $1.20.

Unfortunately, on its way towards $1.30, the coin lost its momentum, and another drop followed. This behavior did not come on its own, however. The growth in the first half of February was actually identical to what the rest of the market has seen, and the same is true for the price drop that followed.

Audios price skyrockets

Audius initially dropped back to $1, which was a very strong support. It even managed to briefly recover to $1.1 after that. However, the bearish market was still dominating the industry, and the coin’s drop continued, taking it down to its lowest point this year, and also the level that — for now, at least — appears to be AUDIO’s true bottom — 0.7.

This was on February 24th, and in days that followed, AUDIO managed to surge several times, only to be rejected and for its price to return back to $0.70. As March 2022 started, the coin’s effort began to fade, and AUDIO actually stabilized at $0.7 for over a week. However, over the last few days, that changed, as the Audius price suddenly started climbing up, reaching $0.8 earlier today.

Then, seemingly without warning, AUDIO price skyrocketed to $1.15m which is where it sits at the time of writing.

However, AUDIO’s sudden surge did not happen for no reason. In fact, the token skyrocketed due to Audios’ participation in the Solana event called NYC Hacker House — a six-day offline event with in-person guidance from Solana Labs’ core engineers. Thanks to Audios’ participation, the token received a lot of attention, which resulted in its price suddenly skyrocketing and recovering a major portion of the funds that it lost in the past few months.

To learn more visit our Investing in Audius guide.