Avalanche (AVAX), Audius (AUDIO) Price Spikes Due to Multimillion-Dollar Funding

Avalanche and Audius Price Surges Due To Multimillion-Dollar Funding
  • Avalanche (AVAX) has gained popularity in 2021.
  • The AUDIO market has remained stable for some years.

The price of AVAX and Audius is increasing to greater usage of cross-chain bridges and significant venture capital investments. Furthermore, a flurry of celebrity endorsements, substantial investments, and the growing popularity of cross-chain bridges fueled altcoin gains on September 16.

The biggest gainers in the past 24 hours were Avalanche (AVAX) and Celer Network. The Audius platform is a decentralized music-sharing and streaming system. That allows fans, subscribers, and artists to connect directly.

Data show that the AUDIO market has remained stable for some years. VORTECSTM Score for AUDIO rose to 77 on September 14, approximately 22 hours before the price soared 38 percent the following day. Moreover, the stock price and trading volume surged when it was revealed that several famous artists, including Katy Perry, Nas, and The Chainsmokers, had invested $5 million in Audius.

Altcoins Are Enjoying an Excellent Market Condition

Because of its low fees and the Avalanche Rush incentive system, Avalanche (AVAX) has gained popularity in 2021, attracting investors and liquidity from the Ethereum (ETH) network.

Data shows that AVAX has been enjoying excellent market conditions including most of the other altcoins. Celer Network is a layer-2 scaling platform for Ethereum, Polkadot, and other blockchains.

On September 14, started a suggestion for a good prognosis for CELR. On September 14, the VORTECSTM Score for CELR reached 73, just as the price began to increase by 59 percent over the following two days, as seen in the chart above.

With the recent release of the Arbitrum solution, investors are utilizing the Celer bridge to transfer tokens from other blockchains. Thus, driving up demand for CELR. Moreover, Celer’s bridge also circumvents the current seven-day withdrawal procedure required by Arbitrum.

The entire cryptocurrency market value is now $2.161 trillion, with Bitcoin accounting for 41.4%. According to CoinMarketCap, the price today of AVAX is $64.23, and the price of Audius is $2.75.

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A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.