Audius (AUDIO) has partnered with TikTok, and the news brings its all-time high into view
Audius, the decentralised streaming service, is on its way to mainstream recognition, with a 107% price surge making it the 73rd largest coin by market cap today. This comes after social media platform TikTok announced a brand-new partnership with Audius, which has now beaten Apple and Spotify to become the first TikTok streaming partner.
The rally appears to have just begun, though, and AUDIO’s all-time high of $4.95 isn’t a million miles away, with the token changing hands for $3.50. If you want to join the action today, read on for the best places to buy Audius.
How & where to buy Audius in the UK and elsewhere
As it becomes more and more popular with mainstream investors, Audius is being listed on more and more exchanges and brokers. Sign up with one of our recommendations today to begin your investment journey, and invest with peace of mind knowing that our partners are reputable, reliable, and fully regulated—always. Once you’ve made a deposit, you’ll be ready to make your first trade.
As AUDIO is such a new asset, it’s yet to be listed on major exchanges. You can still purchase AUDIO using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy AUDIO right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for AUDIO
Now that you’re connected, you’ll be able to swap for 100s of coins including AUDIO.
What is Audius?
Audius brings blockchain technology and NFT mechanics to the music industry, shaking up the streaming sector meaningfully for the first time since Spotify strutted onto the scene back in April 2006. 15 years later, change is arguably overdue, and Audius delivers by helping artists get paid better and better connecting fans to their favourite musicians.
Audius could take some time to catch on, as streams are monetised on a play-by-play basis. This differs from the prevailing monthly flat-fee business model used by Apple, Spotify, and virtually all competitors, but vastly increases the revenues actually received by artists. For the majority of people, the amount they end up paying monthly might even be less than the typical $9.99 levied by streaming services.
Should I buy AUDIO today?
If blockchain technology has the impact on the creative industries that is anticipated by many experts, then Audius could become a mainstay in its sector, or even a household name to rival the offerings of Apple, Spotify, and Tidal. It’s still early days, though, so investors have the opportunity to become the earliest of adopters.
For those with a more short-term outlook, this coin also has legs. Currently trading at $3.50, AUDIO is up by 107% today. The coin’s price chart shows that it is establishing a steep upward channel, and the TikTok news could lead to a further rally as the news spreads further.
This article is informational only — none of the contents should be construed as financial or investment advice.