Wednesday, February 8

© Reuters. Katy Perry-Backed Token Outperforms Bitcoin, Ethereum With 38% Rally On Coinbase Listing

Benzinga – Audius (CRYPTO: AUDIO) rallied 38% on Tuesday after the token was listed on Coinbase (CRYPTO: COIN).

What Happened: AUDIO reached a new high of $0.36 on Tuesday, the highest price since Aug. 16.

Apex crypto Bitcoin (CRYPTO: BTC) was trading below $23,000, down 2%. Ethereum (CRYPTO: ETH) at $1,547, down 5.81% in the last 24 hours.

See More: Best Crypto Day Trading Strategies

AUDIO prices surged following the announcement that Coinbase has added the token to its platform, giving millions of Coinbase users the opportunity to invest and trade AUDIO. However, in the past, bullish moves triggered by exchange listings were short-lived.

Audius is a blockchain network built on Solana (CRYPTO: SOL). It has mobile and web applications where people can download and stream music, mostly from independent musicians.

Audius raised over $13.6 million from musicians Jayson Derulo and Katy Perry.

Read Next: Bitcoin, Ethereum, Dogecoin Slide: Analyst Says Apex Crypto In For ‘Very Interesting’ Rally Or Short-Term Pullback

© 2023 Benzinga does not provide investment advice. All rights reserved.

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