You only suppose traditional giants like Spotify and Apple Music when you consider the music industry. Hardly, you think there could be a blockchain-based music medium out there that could progress the music industry. Here is a decentralized network by the name of Audius. Let’s find out how much it is worth in 2022 and beyond.

What Is Audius (Audio)?

The Audius protocol is a blockchain-based streaming and music-sharing protocol that instantly connects artists, content creators, and listeners. Therefore, giving everybody the liberation of monetization, distribution, and streaming of any audio content.

A blockchain-based streaming platform allows consumers to support artists through the AUDIO token. The community handles the protocol, including artists, developers, and fans. 

Unlike orthodox music streaming services, the number of streams doesn’t define the artist’s earnings. Rather, the Audius platform gives artists the flexibility to monetize their content as they consider suitable, including the selling of NFTs, among other means.

According to the Audius whitepaper, it presents the protocol as a platform that gives control back to artists over their contents while eliminating several third parties that take a cut of the artist’s income along the way. 

The concept allows the customers of artists’ content to spend on them directly through the AUDIO token rather than spending their record label or any other third parties.

Audius Current Market Price

As of 10th January 2022, Audius’s price trends at $1.35 with a 24-hour trading volume of $11,645,808. Audius is up 0.04% in the last 24 hours. The current CoinMarketCap ranking is #114, with a live market cap of $694,227,374. It has a circulating supply of 515,745,635 AUDIO coins and the max. Supply is not available.

Audius Price Prediction

We have accumulated the most trustworthy price projections for Audius (AUDIO) from famous forecast platforms.

WalletInvestor Audio Price Prediction

According to WalletInvestor, Audius price will grow from $1.342 to $3.500 in one year. That makes AUDIO an awesome investment. The long-term earning potential is 160.80%. Predicted price for the end of 2027 is $11.113.

TradingBeasts Audio Price Prediction

Answering if Audius is a good investment, TradingBeasts say a resounding yes. In the 2022 perspective, this coin price is predicted to reach $1.37656 with a growth to $1.59601 by the end of 2023.

DigitalCoin Audio Price Forecast 

In DigitalCoin analysis, the price of Audius cryptocurrency will rise in the next 5 years starting from $1.6471666 as of today’s price to $6.9799957. It will go up to $2.4533045 by 2023 and continue its growth in 2024-2025. Based on this forecast, Audius is a profitable long-term investment.

Is Audius (Audio) a Good Investment?

Audius is an amazing medium with the possibility to revolutionize the music industry. However, it encounters some major competitors from the likes of Spotify and Apple Music, and the project is trying to burst into a $13 billion a year industry. 

Audius expects to enhance upon the model’s other music streaming services have created. If it can give the music industry progress to the current system, it can strengthen music and crypto.

You need to keep an eye on music artists that use Audius’ platform. A well-known artist supporting the project could significantly impact the price.

How to Buy Audius (AUDIO)

Now that you learn Audius’ platform’s worth, you may be curious about buying Audio. Luckily, purchasing the token is pretty simple. 

1. Open an online account

The first step to buying Audio is to open an online account. Online accounts are the most effortless but may not be securest. If you reside outside of the U.S., FTX is an excellent choice to buy Audio. 

If you are in the U.S, Crypto.com is an excellent choice. Make sure to research an exchange before opening an account properly. 

 2. Buy a wallet (optional) 

Wallets are a medium to keep crypto and offer much more protection than online accounts, and it lets you have an immediate license of your assets. While having a wallet is not necessary for purchasing Audio, it may be a securer option. 

Best Wallet Option: Ledger

Ledger is a hardware wallet that helps ERC-20 tokens (AUDIO.) It looks like a USB stick but permits users to store their purchases physically. It is much more secure than online exchanges because there is almost no risk of getting hacked. 

Ledger currently presents two models of hardware wallets: the Nano S and the Nano X. The Nano S is much easier and supports most basic functions, and the Nano X is more developed and gives more features, such as more storage space. 

3. Make your purchase.

Once you have either a funded exchange account or wallet, you can make your purchase. On an exchange, guide to the token’s page, and there will be an option to either swap or buy the token. 

If you have USD or other fiat currency on an exchange, you can pick the amount you want to buy and execute the trade. If you use a wallet, you can use the “Swap” feature. Choose the currency pair you would like to use and execute the transaction. The complete list of supported currencies can be found on coinmarketcap.