Prices of Audius (AUDIO), Avalanche (AVAX), and Celer Network (CELR) coins increased by over 32%, 25%, and 19% respectively in the last 24-hours. Reports say that the massive increase in prices of these altcoins happened after multimillion-dollar investment and a slew of celebrity endorsements. In fact, the popularity of cross-chain bridges has been increasing rapidly since the attention of investors towards them increased.
On September 16, 2021, the price of AUDIO coins increased massively from US$2.3203 to US$3.04 within a few hours. Yesterday’s 24-hour highs and lows were US$3.04 and US$2.27 respectively.
The Audius is a decentralized music-sharing and streaming platform, which wants to provide music creators, subscribers, and fams to interact with each other directly. Their aim is to eliminate the middlemen from the music industry.
The massive increase in the price of AUDIO coins took place after a slew of celebrities including The Chainsmokers, Nas, and Katy Perry took part in strategic funding of US$5 million.
Major funds such as Dragonfly Capital, Three Arrows Capital, and Polychain Capital have participated in the latest investment round of US$230 million for the Avalanche ecosystem. Within 10 minutes, the AVAX coin price increased by over 7% from US$59.41 to US$64.02. The trading of Avalanche started on September 16, 2021, at US$58.45 and it went on increasing to the 24-hour high at US$68.84.
In the blockchain industry, Avalanche protocol is known as the fastest smart contracts (measured by time-to-finality) platform. In fact, this platform boasts of having the most number of validators securing its activity of any proof-of-stake protocol. This protocol is amazingly fast, low cost, and environment-friendly. On the Avalanche platform, any smart contract-enabled app can outperform its competition.
The price of CELR coins increased from a 24-hour low at US$0.09323 at the beginning of the day to a 24-hour high at US$0.121. Currently, the CELR price is hovering around US$0.1139 (+19.29%).
Celer Network (CELR) is a layer-2 scaling solution that provides its users with fast, simple, and secure off-chain transactions for both smart contracts and payments. If you are looking for off-chain transactions handling, Celer Network is meant for you. This network is part of the Polkadot ecosystem and was developed using the Substrate framework. Off-chain transaction handling can be used for increasing the scalability and the transaction throughput of its network.
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