{"id":340260,"date":"2021-09-16T23:20:00","date_gmt":"2021-09-16T20:20:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/multimillion-dollar-investment-rounds-spark-rallies-in-avalanche-and-audius\/"},"modified":"2021-09-16T23:20:00","modified_gmt":"2021-09-16T20:20:00","slug":"multimillion-dollar-investment-rounds-spark-rallies-in-avalanche-and-audius","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/multimillion-dollar-investment-rounds-spark-rallies-in-avalanche-and-audius\/","title":{"rendered":"# Multimillion-dollar investment rounds spark rallies in Avalanche and Audius"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a405ea35ccd4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a405ea35ccd4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/multimillion-dollar-investment-rounds-spark-rallies-in-avalanche-and-audius\/#Superstars_invest_in_Audius\" >Superstars invest in Audius<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/multimillion-dollar-investment-rounds-spark-rallies-in-avalanche-and-audius\/#Avalanche_benefits_from_a_230_million_investing_round\" >Avalanche benefits from a $230 million investing round<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/multimillion-dollar-investment-rounds-spark-rallies-in-avalanche-and-audius\/#Celer_Network_sees_a_surge_from_its_bridge_to_Arbitrum\" >Celer Network sees a surge from its bridge to Arbitrum<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Multimillion-dollar investment rounds spark rallies in Avalanche and Audius <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Altcoins continue to book notable gains on Sept. 16 as a slew of celebrity endorsements, major investments and the growing popularity of cross-chain bridges catch investors&#8217; attention.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/629eaea1-1347-4dac-8e0b-189dc08770a5.png\"><figcaption style=\"text-align: center;\"><em>Top 7 coins with the highest 24-hour price change. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that the biggest gainers over the past 24 hours were Audius (AUDIO), Avalanche (AVAX) and Celer Network (CELR). <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Superstars_invest_in_Audius\"><\/span>Superstars invest in Audius<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Audius platform is a decentralized music-sharing and streaming protocol that aims to cut out the middleman from the music industry and allow fans, subscribers and creators to interact with each other directly. <\/p>\n<p>According to data from Cointelegraph Markets Pro, market conditions for AUDIO have been favorable for some time. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/8f07ea7c-1d8e-4a4a-9b75-8c747fd80b5b.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. AUDIO price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for AUDIO was in the green for most of the past week and reached a high of 77 on Sept. 14, around 22 hours before the price increased 38% over the next day.<\/p>\n<p>The spike in price and trading volume for AUDIO followed the announcement that several well-known musicians including Katy Perry, Nas and The Chainsmokers had taken part in a $5 million strategic funding round for Audius. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Avalanche_benefits_from_a_230_million_investing_round\"><\/span>Avalanche benefits from a $230 million investing round<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Avalanche (AVAX) is a layer-one protocol that has been gaining traction in 2021 thanks to its low fee environment and the launch of the \u201cAvalanche Rush\u201d incentive program, which has attracted investors and liquidity from the Ethereum (ETH) network. <\/p>\n<p>According to data from Cointelegraph Markets Pro, market conditions for AVAX have also been favorable for some time. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/f73bb7f2-8e8a-4c67-844f-071260d4c745.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. AVAX price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for AVAX surged into the green zone on Sept. 13 and reached a high of 86 around 24 hours before the price increased 40% over the next two days. <\/p>\n<p>The boost in price and momentum for AVAX comes following the announcement that large funds like Polychain Capital, Three Arrows Capital and Dragonfly Capital participated in a\u00a0$230 million investment round to the Avalanche ecosystem. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Celer_Network_sees_a_surge_from_its_bridge_to_Arbitrum\"><\/span>Celer Network sees a surge from its bridge to Arbitrum<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Celer Network is a layer-two scaling solution that uses off-chain transaction handling to help to increase the scalability and the transaction throughput of its network.<\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for CELR on Sept. 14, prior to the recent price rise. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/4435dc36-386b-475b-9b81-d27b5cd456f3.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. CELR price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for CELR spiked into the green zone and reached a high of 73 on Sept. 14, just as the price began to increase by 59% over the next two days. <\/p>\n<p>The increase in demand for CELR comes as investors use the Celer bridge for token migrations from multiple blockchains, including the newly launched Arbitrum solution. Celer&#8217;s bridge also offers users a work-around to the seven-day withdrawal process currently required to remove assets from Arbitrum. <\/p>\n<p>The overall cryptocurrency market cap now stands at $2.161 trillion and Bitcoin\u2019s dominance rate is 41.4%.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/multimillion-dollar-investment-rounds-spark-rallies-in-avalanche-and-audius\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Multimillion-dollar investment rounds spark rallies in Avalanche and Audius &#8221; Altcoins continue to book notable gains on Sept. 16 as a slew of celebrity endorsements, major investments and the growing popularity of cross-chain bridges catch investors&#8217; attention. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets&#8230;<\/p>\n","protected":false},"author":1,"featured_media":340261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvMTI5NTBiMTQtZGUxMy00MzNkLWE1ZDktN2Y5OTgzYzU4YzE2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74862,74863,75719,95119,105688,73711,73785,39579,1372,71745],"class_list":["post-340260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-bitcoin","tag-cryptocurrencies","tag-funding","tag-layer2","tag-markets-pro","tag-investments","tag-markets","tag-music","tag-streaming","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/340260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=340260"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/340260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/340261"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=340260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=340260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=340260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}