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:

Source: Sanbase

2. Increasing on-chain activity visible in network growth:

Source: Sanbase

3. Strong development activity. See its github submission rate compared with Solana here for added perspective:

Source: Sanbase

4. Increasing amount of supply held by whales, specifically addresses holding 1M to 10M AUDIO:

Source: Sanbase

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!

1

Conversations (0)

No comments yet
Be the first to comment