AUDIO massive pump after surprise Binance support

[Wingo]

Anyone heard of AUDIO?

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?

Almost all projects listed on Binance had an initial pump since it's the most popular and biggest exchange we have. There are many other similar concept to that of AUDIO but didn't get much attention. Listing on Binance, I can say, is a great marketing strategy to attract people about the project, and the token. But then like many project that had initial pumps, it might just dump after a few days.

[alisonwonder]

Anyone heard of AUDIO?

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?

Almost all projects listed on Binance had an initial pump since it's the most popular and biggest exchange we have. There are many other similar concept to that of AUDIO but didn't get much attention. Listing on Binance, I can say, is a great marketing strategy to attract people about the project, and the token. But then like many project that had initial pumps, it might just dump after a few days.

usually it is used as a place for whales to play for profit by making the price rise, while after many people are hooked and enter, the whale slowly starts selling its assets little by little until the price is cheap. so my advice when there is a new coin is to be careful.

[crwth]

I guess I missed the ”beat” on this one, lol. Because it's AUDIO.

Being part of the number #1 exchange for sure would create a lot of fuss and hype with announcements. Remember that they almost cater to everyone in the world, and if they recommend it, a lot of people will buy that just because of that support.

We won't know the real reason why they would be supporting it, but it has received a lot of hype and BTC.

[btc_angela]

Maybe we add this project to the list that has been pumped massively because of Binance. And who would forget about the IEO craze as well wherein Binance was the launchpad? those tokens where bought in matter of seconds literally. I wonder though what did Binance see in this project to sway them to invest as such? Maybe they are thinking that this kind of project will be the next wave of hype in the future.

I don't know if there's such lists, but nevertheless, not only Binance but there are top tier exchanges who has this practice, we can only speculate. that Binance might have a stake on it or CZ himself, or CZ know the persons behind this project that's why he personally make sure it will be pump by his own exchange. And possible what you have mention, music industry could be the next potential industry that will soon take advantage of cryptos.

[1l1l11ll1l]

I guess I missed the ”beat” on this one, lol. Because it's AUDIO.

Being part of the number #1 exchange for sure would create a lot of fuss and hype with announcements. Remember that they almost cater to everyone in the world, and if they recommend it, a lot of people will buy that just because of that support.

We won't know the real reason why they would be supporting it, but it has received a lot of hype and BTC.

yea because it's binance  . I believe that Binance itself has a strong enough influence to pump coins. of course there must be some marketing they are doing, apart from that maybe in my opinion we have missed the opportunity because the pump that happened was high enough to reach a phase where it would go down, but who knows what happened next right

[crwth]

~snip

yea because it's binance  . I believe that Binance itself has a strong enough influence to pump coins. of course there must be some marketing they are doing, apart from that maybe in my opinion we have missed the opportunity because the pump that happened was high enough to reach a phase where it would go down, but who knows what happened next right

That's literally what I just said. That's what you get when you are too late, no more opportunity. I think you are just stating the obvious. A pump wouldn't be considered a pump if it wasn't high. I'm not sure if it stabilized, but I'm not interested in buying it anyway. It's hard to be part of the coins that pump. It's luck, or you have information.

[bryant.coleman]

usually it is used as a place for whales to play for profit by making the price rise, while after many people are hooked and enter, the whale slowly starts selling its assets little by little until the price is cheap. so my advice when there is a new coin is to be careful.

If an altcoin gets listed in a major exchange such as Binance and Huobi, then there is not much the whales can do. They can manipulate the prices, in case the coin/token is listed in only a few minor exchanges and only in case the liquidity is very limited. If the trade volumes and the number of traders are high, then it becomes very difficult to manipulate the exchange rates. 

[bunglor]

Actually didn't hear that kind of coin before it looks like the Binance is really an influential they can really pump some kind of coins those who really invest to that token would really benefits a lot.

[unusualfacts30]

actually this kind of pump is usually not very beneficial for early adopters. If I am investing in a project I expect it to pump slowly so it doesn't damage the long term perspective of the coin. With short term p&d. There are two problems, first you have to be available at the right time in order to sell your tokens. Unfortunately, few hours pump isn't really enough for all early investors to take benefit of the opportunity. Most of them probably gonna sign on tomorrow and realize that the missed the pump. This is only good for handful of people who were aware of the pump beforehand. It is not the good for the growth of the project.

[FanEagle]

Binance and CZ has this kind of power, it could pump you right away but this is something else. If CZ came out and said that he is supporting this new token or something it would have been crazy, and it would have gone up as well but it would have been pure speculation and in many parts of the world that is illegal as well yet it would work.

However this is totally else, this is actually putting your money into it and because they invested into it people invested as well seeing them invest. It is like a Warren Buffet effect in stock market, when you hear him buying a stock you buy it too which makes it go up for him and for you because that dude is rarely wrong. This is why I believe binance is just way too good for us, they are just a blessing in the crypto world.

[Shasha80]

In my opinion there is nothing special about this AUDIO project, it only benefits early investors. Because all projects that are listed on
Binance will definitely pump, including AUDIO which directly pumped high in October 2020 reaching an all time high price. But a few days
later the AUDIO price was immediately dumped, and the price was difficult to return to its all time high price again. So it is difficult to predict
new project price movements such as AUDIO. If we want to invest in AUDIO now is the right time, because the price is quite cheap and still
close to the all time low price.

[Yaunfitda]

In my opinion there is nothing special about this AUDIO project, it only benefits early investors.

How do you say that though? So Binance just pump it up to make profits or they think that it will be big in the future? It's too early to say what this project will bring to the music industry, maybe this will benefit artist and everyone involved in this industry so I would say that Binance riding it means something like us average joe are not seeing in the future. So give it like 1-3 years to mature because we can make a conclusion.

[jcarlo]

Binance is one of the biggest exchangers currently on the cryptocurrency market and it shows investors confidence in Binance. Besides having a large transaction volume, Binance is quite influential in the price of tokens that will be listed on the exchanger and many tokens or coins whose prices have increased many times because there is news of listing on Binance

[lunnatic]

Actually didn't hear that kind of coin before it looks like the Binance is really an influential they can really pump some kind of coins those who really invest to that token would really benefits a lot.

I also did not expect Audio to be listed on Binance, this makes holders and investors very happy to see Audio has a high rise,
when the altcoin is experiencing a bear market, but the ROI is still -70% I am surprised by that.

[audius-audio]

Audius (AUDIO) is the native cryptocurrency of the Audius platform, a decentralized music streaming and distribution platform. It is designed to facilitate transactions and interactions within the Audius ecosystem. Here are some key points about AUDIO:

Utility Token: AUDIO serves as a utility token within the Audius network. Users can earn, spend, and stake AUDIO tokens for various purposes on the platform.

Artist Payments: Musicians and artists on Audius can earn AUDIO tokens as direct payments when their music is streamed. This allows artists to receive a fair share of the revenue generated by their music.

Governance: AUDIO holders have the ability to participate in the governance of the Audius protocol. They can vote on proposals and changes to the platform, giving them a say in its development.

Staking: Users can stake AUDIO tokens to help secure the network and participate in the platform's Proof-of-Stake consensus mechanism. In return, they may receive rewards in the form of additional tokens.

Integration: AUDIO can be used within the Audius platform for various activities, such as tipping artists, accessing premium features, and participating in community initiatives.

It's important to note that the value and utility of AUDIO may vary over time, as it is subject to market dynamics and the growth of the Audius ecosystem. Users interested in AUDIO should stay updated on its use cases and market trends

[JunkieMiner]

I think I'm the only one here, who didn't even heard the name of the project AUDIO. And also I didn't invest in this one. I'm so shocked that it is listed on a big exchange and also in the bear market.