Skip to main content

Audio Coin worth it? The bulls return



Audio (AUDIO / USD) is down over 50% from its highs and is now finally showing signs of reversal. It has been falling steadily since November and has finally found support in the USD 1.3 price zone. Audio is an ERC-20 governance token that supports the Audius protocol. It is based on an Ethereum-compatible blockchain, similar to that of Polygon (MATIC / USD). It enables the token holders to have a say in new projects and to give them voting rights.

It now looks like audio is headed for the $ 2 mark, so this could be a great opportunity for investors to get into audio. However, investors need to be careful not to get in too early as audio could drop further. Should you buy audio in hopes of a $ 2 goal?

  • Audio broke out of a symmetrical triangle in early November but was unable to sustain the breakout and fell sharply shortly afterwards. It broke off a crucial support level at $ 1.8, causing audio to drop even further to $ 1.4.

  • Audio received support from the support zone at $ 1.4 and it looks like this may be the tipping point for audio so an entry can be made soon.

  • A bullish RSI can also be seen, which indicates a reversal and could also be the start of a rally into the $ 2 zone.

  • Investors can set a target of $ 2, followed by $ 2.6 in the coming months.

  • Investors need to be careful as audio has been very weak for the past few weeks and could therefore continue to fall and a stop loss below the zone must be maintained.

  • My Top Picks
    Honeygain - Passive earner that pays in BTC or PayPal
    MandalaExchange -The Best no KYC crypto Exchange! 
    BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
    Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
    Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
    Cointiply - The #1 Crypto Earning Site
    Torum - Join the latest Social Network and earn TRM for Free! 
    LiteCoinPay - The #1 FaucetPay earner for Litecoin 
    Upland - Collect Digital Properties & Test Your Skills
    LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
    FaucetPay - The #1 Microwallet Platform
    FREEBTC - The #1 FaucetPay earner for Satoshi's
    FaucetCrypto - An earning/faucet site that pays out instantly
    FireFaucet - An earning site that pays better for some than Cointiply
    DogeFaucet - Dogecoin Faucet
    xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
    Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin...
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne...
Post a Comment
Read more

Bored Ape Yacht Club NFTs stolen through phishing on Instagram

  Bored Ape Yacht Club ( BAYC ) developers announced on Monday that hackers have hijacked the official Instagram page of the popular NFT collection and posted links to a fake airdrop. Crypto enthusiasts who connected their MetaMask wallet to the rogue website subsequently had their Ape NFTs stolen. Apparently, the attack was planned to coincide with the one-year anniversary of the BAYC collection. This increased the "perceived credibility" of the phishing link. About 100 NFTs are said to have been stolen in the phishing attack . According to CoinGecko data , the minimum price for a BAYC NFT is 139 Ether ( ETH ) or $400,726. So if reports are correct, over $40 million worth of NFTs were stolen in the attack. These numbers are only the lowest estimate, however, as they are based on the lowest price.  At the time of writing, it was still unclear how the hackers gained access to BAYC's official Instagram account. Social media users have pointed out the importance of two-fact...
Post a Comment
Read more