AAUDIO is facing an uncertain week, especially on April 23rd. They are scheduled to increase their token supply by 100% to about 300M. This may lead to huge volatility. I am expecting two scenarios.
First scenario, the price could drop by 50%. Most expect this, based on the formular p = mc/cs. Second scenario is for the price to rise, considerably. This would be due to a number of traders who have been waiting to see what will happen on the 23rd.
Generally, a lot of people support the Audius project, but have been worried about the impact of the increased token supply. If Audio can pass this huddle safely, then moon landing is possible. (NOT A FINANCIAL ADVICE)
First scenario, the price could drop by 50%. Most expect this, based on the formular p = mc/cs. Second scenario is for the price to rise, considerably. This would be due to a number of traders who have been waiting to see what will happen on the 23rd.
Generally, a lot of people support the Audius project, but have been worried about the impact of the increased token supply. If Audio can pass this huddle safely, then moon landing is possible. (NOT A FINANCIAL ADVICE)
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