Can Audius Reach $100?

Can Audius Reach $100? What is Audius?

Audius is a decentralized music streaming service on the Solana blockchain, aiming to address challenges in the music industry by offering a distribution channel. It provides artists with control over their music and a way to generate revenue from fans.

The platform is available for all users, delivering streaming without subscription fees or commissions. Its community of users and developers participate in its growth, and it currently lacks a copyright protection mechanism, but plans are underway for an arbitration system.

The platform’s token, AUDIO, is integral to its ecosystem. Initially an ERC-20 token on Ethereum, it moved to Solana. Node operators can stake AUDIO, and token holders can vote on platform proposals. AUDIO is used for platform rewards, such as appearing in trending lists and accessing content. Given its approach to music distribution and focus on artist control, Audius is a platform to consider for investors.

Artists utilize the Audius platform to publish their music on the content ledger, and they can do so without any associated costs. The platform offers high-quality music streaming at 320kbps, on par with industry standards like Spotify and Google Play Music. Notably, Audius operates in a decentralized manner, which means it lacks traditional copyright protection.

For fans, Audius provides a space to listen to music freely. There are potential plans for fans to stake AUDIO tokens in support of artists’ growth on the platform. Fans can also display their verified NFTs through the platform and earn various badges for their contributions.

Can Audius Reach $100? Detailed Analysis:

In order for Audius to reach $100, it would need to increase by a factor of 651. At $100, AUDIO’s Market Cap will be $111 Billion. If Audius were to grow at a rate of 25% each year, it would take about 22 years to reach $100. Let us evaluate this data

• Quality of Investment- Moderate
• Growth required to reach $100- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
• Market Cap at $100- Not Feasible
• Time required to reach $100 if it were to rise at 25% per annum- Not Feasible

Considering the criteria Quality of Investment, growth required and time required, Audius has a low chance of reaching $100.

Can Audius Reach $100? Conclusion:

In summary:

• AUDIO serves a practical purpose as a token.
• It presents a reasonable investment opportunity.
• It has the potential to achieve the necessary growth rate within the specified timeframe.
• However, reaching an exceptionally high market cap is currently not realistic.
• Sustaining a consistent 25% growth rate in the coming years may be challenging.

Considering these factors, it’s unlikely that Audius will reach $100 in the near future.

Also Read: BitDAO Price Prediction

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.