Audius (AUDIO) and Lido DAO (LDO) Crypto Prices Pumping: Here’s Why

The music streaming platform Audius (AUDIO) has seen its native token spike by 70% over the past two days. This price surge came shortly after Audius announced a significant development – artists can now sell their albums directly on the platform.

In a tweet, Audius stated, “We’re excited to announce that artists can now sell their albums on Audius. If you’ve already been granted access to our premium sales waitlist, you’ll now also have the option to sell your albums too. The power is in your hands. Create your album, set your price, and unlock the earnings you deserve.”

Symmetrical Triangle Pattern

Adding fuel to the bullish momentum, the analyst known as “World Of Charts” highlighted a promising technical formation on AUDIO’s chart. According to their analysis, AUDIO has formed a symmetrical triangle pattern, and a breakout from this pattern could potentially lead to a 400% price spike.

Lido DAO Surges on Ethereum ETF Approval

Lido DAO (LDO), a liquid staking protocol for Ethereum, has also experienced a 6% price increase today. However, this upward movement appears to be driven by a different catalyst – the recent approval of an Ethereum-based exchange-traded fund (ETF).

Read Also: How a Crypto Trader Made $65M in Just One Year with PEPE Meme Coin and These Two Tokens

Analyst Insights Daan Crypto Trades provided insights into the LDO token’s performance. While acknowledging that LDO was once considered a “dead” coin, Daan Crypto Trades noted that its price movement typically follows the trajectories of Ethereum (ETH) and Bitcoin (BTC). The analyst suggested that LDO’s recent price surge could be attributed to the potential for relief in the Ethereum market.

Additionally, Daan Crypto Trades highlighted the adoption and brilliance of the Lido DAO protocol, despite the token’s primary use being limited to governance purposes. The analyst speculated that if Lido DAO were to implement a fee switch similar to Uniswap’s proposal, the LDO token could become significantly more valuable, although such a move is unlikely in the current regulatory environment.

New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW

Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!


Show more +

LDO Short and Medium-term Outlook

Another analyst, NIGHTEYE, expressed a bullish outlook on LDO, stating their intention to buy the token for a short to medium-term hold. According to NIGHTEYE, the current price level represents a buying opportunity, with targets set at $2.4, $2.7, $3, and $3.3.

Both Audius and Lido DAO have captured the attention of investors and analysts alike, each for its unique developments and promising technical patterns.

Join Aethir’s exclusive airdrop and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.