A few green flags on AUDIO
There is still plenty more to come regarding Audius fundamentals, but some metrics have really began to reveal some anomalies.
1. Increasing on-chain activity by a large number of unique addresses, significantly spiking the AUDIO active address chart:
2. Increasing on-chain activity visible in network growth:
3. Strong development activity. See its github submission rate compared with Solana here for added perspective:
4. Increasing amount of supply held by whales, specifically addresses holding 1M to 10M AUDIO:
When these specific metrics begin spiking together for an asset, there has historically been an increased chance of a price surge. Will Audius see a breakout? Let’s keep a close eye on this together.
Thanks for reading!
If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!
Never miss a post from Santrends!
Get 'early bird' alerts for new insights from this author