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!

2

Conversations (0)

No comments yet
Be the first to comment

Suggested insights

We are using cookies to improve your experience!

By clicking “Allow all”, you agree to use of all cookies. Visit our Cookies Policy to learn more.

×