Altcoin, which is among the top 14 in its field, took flight with the announcement!

The music-themed altcoin of the cryptocurrency market rose 50% with the news.

Business Insider, which has 4 million followers on X, included Audius among the "14 Music-Technology Companies to Watch". This news caused the AUDIO price to rise by 50%.

The Audius team shared this post on their social media accounts, triggering unexpected excitement among investors.

Making a statement on the subject, Audius co-founder and chief product officer Forrest Browning described Audius as a more modern version of SoundCloud:

Think of this team as a more modern form of SoundCloud, with lots of paid fan engagement layered on top.

Audius also launched a music marketplace last year that allows artists to release and sell premium tracks in “sample packs” that fans can download and remix, Browning said.

According to CoinGecko data, AUDIO, which rose by 55% due to the news flow, is traded at $ 0.255 at the time of writing.