Investment Disclaimer:

• I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
• Past performance presented here is not an indicator of future performance.
• This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.

0. What is Audius?

Audius is a decentralized and ad-free music streaming platform which connects artists directly to their fans. Anyone is free to upload, curate and publish their soundtracks on the platform without any charge. Besides, all the artworks published are timestamped and secured on the blockchain, strengthening the creativity and intellectual property rights of each artist.

$AUDIO is the governance token of Audius platform where token holders are able to stake their tokens on the Audis platform and vote for proposals. At this time of writing, creators with top 5 trending tracks, top 5 trending playlists and top 5 trending underground would be rewarded 100 $AUDIO tokens each week. 

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1. Top 3 Good News for AUDIO HODLERS !!!

• TikTok partners with crypto-powered music streaming platform Audius
  Statistic as of 2021-12-30 00:39 AM EDT: 22 positive votes, 0 negative vote
  (Extracted from Crypto Panic)
  
  
• Blockchain streaming platform Audius announces Solana NFT integration
  Statistic as of 2021-12-30 00:39 AM EDT: 12 positive votes, 0 negative vote
  (Extracted from Crypto Panic)
  
  
• Music Streaming Platform Audius Surges 143% on TikTok Integration
  Statistic as of 2021-12-30 00:39 AM EDT: 6 positive votes, 0 negative vote
  (Extracted from Crypto Panic)

2. How Audius Performs Relative to Other Cryptos ?

Performance of All Cryptos Under Quantdoge Watchlist in 2021 (Sorted by % Return)

AUDIO has undergone 1,033.77% return from USD 0.1593 to USD 1.8061 since 01 Jan 2021. AUDIO is the 10th best performing crypto assets among others here.

3. How Resilience Audius Is Towards Bitcoin Crash Relative to Other Cryptos ?

Historically, all altcoins are somewhat dependent on Bitcoin price movement and it’s often the case where if Bitcoin falls, most altcoins would follow.

Top 3 Cryptos That Are Most Resilient To Bitcoin Crash During Each of BTC 4 Largest Crashes in 2021

AUDIO has proven resilience against BTC crash in 1 out of the 4 instances.
During the last 4 BTC market crashes,
            When BTC dropped by -13.47 %, AUDIO returned -36.21 % at 20 May 2021,
            When BTC dropped by -13.13 %, AUDIO returned 12.03 % at 22 January 2021,
            When BTC dropped by -12.16 %, AUDIO returned -15.8 % at 13 May 2021,
            When BTC dropped by -11.39 %, AUDIO returned -16.22 % at 22 June 2021

4. Technical Analysis on Audius

4.1. Volume Weighted Average Price (VWAP)

VWAP is a technical indicator used by a trader to gauge the overall trend of an asset price movement. VWAP line (orange line) represents the volume-weighted average price (average price here is defined as the average of high, low and close prices) while close price line (blue line) represents the price when AUDIO is closed at the end of every single day. 

Whenever blue line (close price) is above orange line (VWAP), it indicates that the asset is gaining momentum and being traded higher than its average price level. This would represent a 'buy' opportunity for short-term momentum trader whom task is to trade following the trend while a longer term mean-revision trader might take it as a 'sell' opportunity, anticipating that the price of AUDIO (blue line) to fall to its average level (orange line).

Whenever blue line (close price) is below orange line (VWAP), it indicates that the asset is losing momentum and being traded lower than its average price level. This would represent a 'sell' opportunity for short-term momentum trader whom task is to trade following the trend while a longer term mean-revision trader might take it as a 'buy' opportunity, anticipating that the price of AUDIO (blue line) to rise to its average level (orange line).

As of 29 Dec 2021, VWAP is suggesting that AUDIO is losing momentum as crypto market sell-off continues.

4.2. Moving Average Convergence Divergence (MACD)

MACD is often used by trader as a momentum indicator. There are 2 lines that form the above charts, namely MACD (12, 26) lines and Signal(9) line, while the histogram is calculated by subtracting Signal (9) from MACD (12,26). Histogram would fall to the negative territory whenever MACD (12, 26) is trending at a lower level than Signal (9) and rise to the positive territory whenever MACD (12,26) is trending at a higher level than Signal (9).

MACD (12, 26) is computed by subtracting the 26-day exponential moving average (EMA) of AUDIO closing price from its 12-day EMA. 
Signal (9) on the other hand is calculated as the 9-day EMA of MACD (12,26). 

As MACD (12, 26) goes higher away from Signal (9), it signifies that AUDIO is gaining momentum and whenever it goes trends at a lower level than Signal (9),it signifies that AUDIO is losing momentum. 

As of 29 Dec 2021, MACD is suggesting that AUDIO is losing momentum as crypto market sell-off continues.

4.3. Bollinger Band

Bollinger band is often being used by mean-reversion trader as a gauge to assess how undervalued or overvalued an asset is. Its chart made up of 4 lines, namely:

- SMA (20) (blue line), which is the 20-day simple moving average price of AUDIO
- Upper Band (orange line), which is computed by adding 2 standard deviations of AUDIO on SMA (20)
- Lower Band (red line) , which is computed by subtracting 2 standard deviations of AUDIO from SMA (20)
- Close (green line), which is the daily closing price of AUDIO

Whenever close line (green) touches the lower band (red), it indicates that AUDIO is corrected too much and is being traded at an undervalued level, representing a 'buy' opportunity. On the other hand, whenever close line (green) touches the upper band (orange), it indicates that AUDIO is gaining too much momentum and is being traded at an overvalued level, thus indicating a 'sell' opportunity. 

As of 29 Dec 2021, Bollinger Band is suggesting that AUDIO is neither oversold nor overbought.

4.4. Relative Strength Index (RSI)

Just like Bollinger Band, Relative Strength Index is often being used by mean-reversion trader as a gauge to assess how undervalued or overvalued an asset is. There are 2 psychological levels, i.e. 30 and 70 in RSI. Whenever the RSI reaches 30, it indicates that AUDIO is corrected too much and is being traded at an undervalued level, representing a 'buy' opportunity. On the other hand, whenever RSI reaches 70, it indicates that AUDIO is gaining too much momentum and is being traded at an overvalued level, thus indicating a 'sell' opportunity. 

As of 29 Dec 2021, RSI is suggesting that AUDIO is oversold on both the 28-day and 32-day lookback windows.

Based on the technical analysis presented above, quantdoge is slightly bullish on AUDIO, but I could be wrong, hence please make your careful due diligence before making any financial decision. 

5. Audius Risk Profile

Based on the 100-day 95% historical Value-at-Risk (VaR) profile of Audius defined above, AUDIO seems to trade at a greater risk level on 29 Dec 2021 as compared to 10 days before on 19 Dec 2021, with its biggest pullback being seen at -27.93% on a single day during the last 100 days. However, I could be wrong, hence please make your careful due diligence before making any financial decision.

6. Price Simulation for Audius

How did quantdoge simulation perform vs the actual AUDIO price movement over the last week ?

Over the last 7 days, AUDIO is trading near the median quantile of all quantdoge simulations, indicating that AUDIO is fairly valued and neither being overbought nor oversold.

7. AUDIO Community Analytics

Number of AUDIO Followers In The Last 30 Days

In the last 30 days alone, Audius followers have grown 7.12 % from 110,894 to 118,787 on Twitter and grown 3.59 % from 8,578 to 8,886 on Reddit.

Daily increment of Audius Twitter followers peaked on 12 Dec 2021 and its daily increment of Reddit followers peaked on 07 Dec 2021.

8. Google Trends Analytics

audius reached its peak in Google Search on 2021-08-15 with a Google Score of 100
Over the last quarter, audius Google Score has increased 47.96 % from 19.6 to 29.0
Over the last 6 months, audius Google Score has increased 314.29 % from 7.0 to 29.0

Over the last month, audius is most saught after on Google from Turkey, followed by Israel and Switzerland.

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