The actual reason for the rise remains unknown as a scroll through the official Twitter handle of the Audius platform does not hint at any official announcement that could support a rise.
However, at the start of March, Audius announced it was implementing a non-fungible token gating feature intended to allow artists to release exclusive content to NFT holders.The utility derived from the use of this feature might be a positive fundamental boost for the Audius blockchain.In the last 24 hours,reports $161 million worth of crypto assets have been liquidated as Bitcoin and altcoins suffer losses in the wake of a CFTC complaint against Binance and its CEO.
Many crypto advocates view the action by the U.S. agency as just the latest assault on the sector by global regulators. Binance Chief Executive Officer Changpeng"CZ" Zhao has downplayed allegations of wrongdoing in the past. CZ recently took to Twitter flashing the number four, which he uses to denote what he believes is negative or FUD that should be ignored by the crypto community.