$AVAX and AUDIO Prices Soar on Cross-Chain Bridge and Celebrity Backing
Avalanche ($AVAX) and Audius prices have surged due to significant venture capital investments, celebrity endorsements, and growing popularity of cross-chain bridges.
The price increase for $AVAX and AUDIO is attributed to a multimillion-dollar funding round, with several famous artists investing $5 million in Audius on September 16. Katy Perry, Nas, and The Chainsmokers are among the investors.
Avalanche has gained popularity this year due to its low fees and the Avalanche Rush incentive system, attracting investors and liquidity from the Ethereum network. Celer Network, another beneficiary of cross-chain bridges, saw a 59% price increase in two days, reaching $73 on the VORTECSTM Score on September 14.
The entire cryptocurrency market value is now $2.161 trillion, with Bitcoin accounting for 41.4%. The price of $AVAX today is $64.23, and the price of Audius is $2.75.