AUDIO massive pump after surprise Binance support

[btc_angela]

Anyone heard of AUDIO?

Crypto for music, AUDIO up by 500%

A newly designed crypto is presently gaining waves with the aid of the world’s biggest crypto exchange Binance.

A few days ago the decentralized music streaming platform Audius (AUDIO) launched its crypto. The coin traded as low as $0.04 on launch day, according to Coinmarketcap.

However that became history as the macro, showing Binance would be supporting the pretty unknown crypto catalyzed a steep upward price movement that sent it as high as $0.50, which represents a surge of 1,125% in a span of a few hours, before presently trading at the time this report was drafted at 0.21140 with a gain close to 500% since its launch.

The macro making this crypto asset blue hot amidst thousands of crypto is largely attributed to these statement released by Binance

https://nairametrics.com/2020/10/25/crypto-for-music-audio-up-by-500/

And that's what Binance can do, LOL, a simply statement make this project create a hype and pump so hard that if you are an early investors, you could have made a ton of money. So who amongst you were early investors of AUDIO?

Or majority here miss the boat?

[1715224274]

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[Onika84]

I've never heard of Audio, but I know some people are getting up to 50K Audio for free. This was given to early adopters and artists. I just registered the platform yesterday, and there are prizes for users of the platform.

[claire_lovely]

I have become more involved with Spotify distribution lately and the idea of a decentralized platform is interesting.

I read more on the project and saw that Deadmau5 was involved which was pretty cool:
https://dancingastronaut.com/2020/10/audius-marks-audio-launch-with-deadmau5-and-rac-livestream/

I'll probably check out the selection of music here and see what I can find.

[Maestro75]

I checked the overview data now on coingecko and discover that AUDIO had a record high and record low on the same day of Oct 23, 2020 of $0.84 abd $0.043 but it is now trading at $0.16. If you follow that data it will be that early adopters who did not sell on high are in serious loss, unless they got the token for free. Another thing is that we should not generalize that any token listed on Binance is a instant success. This is not true because I have seen a lot of companies that get listed on Binance but are still very much struggling to get back to ICO price. What guarantees success is what programmes the companies have with the tokens they put on Binance and not just because the tokens are listed on Binance.

[cryptoaddictchie]

And that's what Binance can do, LOL, a simply statement make this project create a hype and pump so hard that if you are an early investors, you could have made a ton of money. So who amongst you were early investors of AUDIO?

Sometime I got jealous to those insiders of Binance token listing. They have known when they got to buy the tokens that will be listed. That is surely an easy money and entry for new listing. Ive fomo with this one and got toast. I think fomo is really dangerous and only risk taker can accept the consequence of it.

Now its down already probably some whale ripped the profits and leave now.

1day announcement and got some huge gains. Thats how binance hype really can do.

[Greatdev]

 Oh boy, this is so cool, I've never heard about audius project before until now, I thought binance pumps and dump project like some used to say on here? They said once a project get listed on binance it will pump for maybe a day and dump the next, where are you guys now? Binance still got it's mojo working lol, congrats to all those who get in very early

[amishmanish]

And that's what Binance can do, LOL, a simply statement make this project create a hype and pump so hard that if you are an early investors, you could have made a ton of money. So who amongst you were early investors of AUDIO?

Sometime I got jealous to those insiders of Binance token listing. They have known when they got to buy the tokens that will be listed. That is surely an easy money and entry for new listing.

This "insider information" trick works everywhere. Normal people just can't do anything but feel jealous or incapable to cope with it. This is also a very illegal practice and that is why there are laws whenever investor money is involved. These regulations do not exist in the crypto world and betting on finding the next big thing is a gamble at best. The tendency of normal people to speculate is amplified by examples like UNI or in this case, AUDIO (whatever it is).
Especially despicable is the twitter crowd that keeps blowing up about the "gainz". That is the reason most of such accounts are anonymous. If there were actual people doing it, they'd go the McAffee way sooner or later. Nobody should fall for this kind of FOMO investments once they have pumped. Only if you are actually going to use the product, then put in money. If you cannot find a way to use it, rest assured that nobody else will. There is much greater chances of loss and regret after investing in these things.

[Novatech8]

Crypto space is sure full of wonders, I've never ever thought that music projects that make it this big, I was a fan of the use case but all the music projects I supported in the past all end up dead or not doing fine at all due to lack of support from investors, Moozicore was my last music project and since then none interest me again. It feels good to see one that came this far

[Yaunfitda]

And that's what Binance can do, LOL, a simply statement make this project create a hype and pump so hard that if you are an early investors, you could have made a ton of money. So who amongst you were early investors of AUDIO?

Sometime I got jealous to those insiders of Binance token listing. They have known when they got to buy the tokens that will be listed. That is surely an easy money and entry for new listing. Ive fomo with this one and got toast. I think fomo is really dangerous and only risk taker can accept the consequence of it.

Now its down already probably some whale ripped the profits and leave now.

1day announcement and got some huge gains. Thats how binance hype really can do.

I agree, somewhat if we knew something, like sort of 'insider trading', although fraudulent in stock market, it will really give us huge profits if we can invest early before Binance or any news that will really pump the market. Then we buy and exit on time to get our profits, but us mere average joe's doesn't have that power, and then we FOMO, we enter a dangerous game, take the risk and then see how it goes for us. And since the FOMO is over, those noobs are trap now, lessons learned again in the very volatile crypto market.

[zasad@]

https://coinmarketcap.com/currencies/audius/
All major trades for this coin take place on the binance exchange. What do you think, is it worth investing in it in the current situation?
It's worth it, in order to then shout that DEFI is a scam After all, this token is traded on Uniswap, which means it is part of the DEFI ecosystem.
I hope you understand my sarcasm

[wack slacker]

https://coinmarketcap.com/currencies/audius/
All major trades for this coin take place on the binance exchange. What do you think, is it worth investing in it in the current situation?
It's worth it, in order to then shout that DEFI is a scam After all, this token is traded on Uniswap, which means it is part of the DEFI ecosystem.
I hope you understand my sarcasm

I think it's just a value manipulation event when they get listed on Binance, this exchange is centralized and they can pump whatever they want or get hired to do. AUDIO has products and they're new, but the $ 20 million valuations may be too high. Several projects have developed blockchain in the music sector and have quietly disappeared.

[bigcash2011]

It seems like Binance is taking advantage of its position and its infrastructure by entering a project with special cheap price and then announcing that this project is supported by binance and will list at binance exchange and within no time price surges 100 to 1000x where allegedly binance takes profit. I am not against business but it should be fair so i think a platform like binance should not indulge in anything that can give it a sense of pump and dump.

[Chuky92]

I have never heard about the project, however it is kind of great that someone is having an idea about the music industry and blockchain technology.
Also, on the other hand, it is Interesting, when many projects are struggling to get recognised or grow, even if it's for a day, another project just pumped massively with a mare news, while what can I say, the crypto space is full of surprises. Also, considering the price movements, it won't be wrong to say fomo played a huge role while some people will always benefit, there will always be some people who will bear the losses. Lastly, I missed the boat, and no hard feelings.

[Golftech]

The last statement OP is very clear, that's how binance influenced the traders and investors nowadays, those who able to bought this coin from the initial entry price really gained a lot, while those who fomos and forget about doing their research are surely in loss right now, most of the time once hypes happened people tend to try their luck and not paying attention to anything else.

It's still the usages and the value of project that you should look upon to avoid losing your money, as even you missed the ride as this moment you'll be expecting another when the project succeed completely.

[articlecity]

This is clearly the power of the binance and the trust and confidence people show whenever they list a new coin. Basically the community trusts the binance's due diligence and filtration so much that they buy and massively pump each project that associates with binance.

[Dragonfund]

Pump and dump is what you get from all DeFi tokens, binance was major catalyst that alter this gain and loss in some project. The day DIA ( Data information asset) was listed on Binance, it pushed the price to tick $5 but after then, the price tank to $2 before the recent attack on kucoin that bled the token. I like binance exchange because of immense volume and liquidity but I don't really like the idea why some project prefer token to be listed on Binance, probably they need global recognition but it doesn't worth it to me.

It should cost for a celebration when your portfolio made a 1000% ROI but imagine the guilt and depression those who bought at $0.5 would go true since it wouldn't go back there anytime soon.

[goaldigger]

I’m not familiar with AUDIO but a pump like this is alarming, because they are working because of the hype and Binance announcement can’t guarantee a future for them so don’t rush to get this token, you have to analyze it first.

damn I lost the opportunity even though some time ago my friend recommended me to invest in this project but because this project has a musical concept so I'm not interested

That’s alright, at least you didn’t lose the money and there’s a lot of opportunities coming.
It looks like Binance is helping them to hype their project, lol. Anyway, this is why Binance is still on top because many trust this Exchange and I’m sure they’ve done their own research on AUDIO before coming up into this decision.

[Coyster]

'Binance's support' can only pump a coin/token for the meantime, but it'll most likely dump, just like in this case. Their support alone cannot keep a coins value up for too long, it could give it hype and all, but if you invest at the wrong time when the hype vanishes, then you will make no ROI and lose your funds invested, that's why many users consider altcoins as short term Investments to play around with, and withdraw profits Asap.

If this AUDIO coin will be relying on only Binance support and hype, then I don't consider it a good investment, it could more or less be another pump and dump coin, so investors need to be careful with projects they invest their funds in such as this one.

[tippytoes]

'Binance's support' can only pump a coin/token for the meantime, but it'll most likely dump, just like in this case. Their support alone cannot keep a coins value up for too long, it could give it hype and all, but if you invest at the wrong time when the hype vanishes, then you will make no ROI and lose your funds invested, that's why many users consider altcoins as short term Investments to play around with, and withdraw profits Asap.

If this AUDIO coin will be relying on only Binance support and hype, then I don't consider it a good investment, it could more or less be another pump and dump coin, so investors need to be careful with projects they invest their funds in such as this one.

They should have active platform also. If they will take advantage of the Binance support and fast track their developments, maybe they can sustain the market. But if not, once Binance is finished with their endorsements, this will die just like other coins. I'm not regretting that I didn't get the chance to get some AUDIO coins, because if I will jump onboard, maybe it's too late to earn profits. So visit them couple of months from now, and let's see how they are doing in the market.

[cryptoaddictchie]

Nobody should fall for this kind of FOMO investments once they have pumped. Only if you are actually going to use the product, then put in money. If you cannot find a way to use it, rest assured that nobody else will. There is much greater chances of loss and regret after investing in these things.

I get your point. Fomo is dangerous if you are not that kind of person. But based on experience, I can tell you that sometime its work especially the influencer that promote or shill it is highly capable of bringing a good crowd or investor into it. I know its not typical kind of strategy for investors, just telling you that it work actually sometime. Yeah chance of getting rekt is high but the chance also of winning some profit is also good but you must have the timing to exit and dont be greedy.

Im not that conservative, when chance of profiting is knocking your door. Just last night, I fomo on a hype influencer for a shitcoin, well risk a little of 0.3eth and become 1.1eth. Also it goes down after some time. Well good exit, ATH should be 1.7eth, if I exited on that time but profit is profit. I didnt know much about it use case since it a shitcoin. Point here is sometime fomo can gain you profit.