Audius shows no sign of slowing down. With the increasing adoption by more and more artists and musicians, the Blockchain streaming platform appears to be growing. Yet it’s true that there needs to be mass adoption beyond the dance and hip hop genres that feature heavily on Audius.
Based on InvestorsObserver research, Audius achieves a low risk analysis. In addition to analyzing the recent changes in volume and market cap, the proprietary system measures how much money is needed to manipulate a token. Risk is measured between 0 and 100, with lower scores representing higher risks and higher values representing lower risks.
Trading Analysis
The risk gauge rank for AUDIO shows the token is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
Audius is 0.01% lower as of the last 24 hours of trading, resulting in its current price of $0.21. The price movement has coincided with volume being below its average level and the token’s market capitalization risen. The market capitalization for the token now sits at $174,148,599.67 while $3,741,660.34 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives AUDIO a low risk assessment.
Summary
AUDIO’s price movement over the past day of trading leads to a low risk ranking as its recent price movement relative to trading volume gives traders reason to be confident on the token’s manipulability as of now.
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