Audiera (BEAT) 5,000% Surge Faces Questions After Bitlight’s Sharp Decline

Source Beincrypto

Audiera (BEAT) has experienced a sharp price increase of over 5,000% in roughly two months, reaching an all-time high of $4.17 on December 21.

However, some market participants are expressing caution, suggesting that BEAT may see a sharp move downward, similar to what happened with Bitlight (LIGHT).

Audiera’s BEAT Delivers 5,000% Rally Since Trading Debut

For context, Audiera is a Web3 entertainment and GameFi platform on the BNB Chain. It combines a rhythm-based dance game, AI-powered music, virtual idols, and blockchain incentives. Audiera builds on the legacy of the original Audition dance game.

BEAT is the native utility token of the Audiera ecosystem. It was launched for trading on November 1, 2025. Notably, since its market debut, the token has continued to trend upwards.

BeInCrypto Markets data showed that BEAT has appreciated by over 5,000% since launching. Yesterday, it even peaked at a record high.

Audiera (BEAT) Price PerformanceAudiera (BEAT) Price Performance. Source: BeInCrypto Markets

At the time of writing, the altcoin was trading at $4.13, representing a 64.41% increase over the past 24 hours. Its market cap stood at $565 million, while daily trading volume surpassed $120 million.

The price movement stands out against broader market conditions, as major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) have posted losses during the same period. Furthermore, some market analysts remain optimistic about BEAT’s short-term prospects, forecasting a potential move higher.

Bitlight’s 75% Collapse Sparks Concerns

Nonetheless, not all are convinced by BEAT’s rally. Some market watchers have pointed to the recent decline of Bitlight (LIGHT), another token within the BNB Chain ecosystem, as a reason for their concerns.

BeInCrypto Markets data revealed that LIGHT plunged by more than 75% within 24 hours. The sharp decline erased all gains accumulated since mid-December and triggered widespread liquidations among leveraged traders.

Bitlight (LIGHT) Price Performance. Source: BeInCrypto Markets

Coinglass data shows that total liquidations over the past 24 hours reached $16.15 million, including $8.42 million in long positions and $7.73 million in short positions.

“The token was moving with nearly $2 billion in volume, which means people are losing billions of dollars in a single day. Despite this, Binance is still doing nothing. Right now, the price is below $1. This is pure manipulation, and it sets a very dangerous precedent for the future,” a user posted.

While BEAT’s rally remains intact for now, the sharp drop of LIGHT highlights the volatility often seen among fast-moving tokens. BEAT is now at a critical point. Whether the token can maintain its momentum or follow a similar corrective path remains a key test in the days ahead.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ethereum (ETH) Price Closes Above $3,900 — Is a New All-Time High Possible Before 2024 Ends?Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
Author  Beincrypto
Dec 17, 2024
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
placeholder
Analyst Flags XRP as Market’s ‘Best Risk/Reward’ Play as Token Tests Critical $1.60 SupportCrypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.
Author  Mitrade
Feb 03, Tue
Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.
placeholder
Ethereum Price Forecast: ETH faces heavy distribution as price slips below average cost basis of investorsEthereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
Author  FXStreet
Feb 05, Thu
Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
placeholder
Bitcoin Drops to $70,000. U.S. Government Refuses to Bail Out Market, End of Bull Market or Golden Pit? The U.S. government refuses to bail out Bitcoin, and with Fed rate cuts nowhere in sight, a continued downward trend to test for a bottom is likely after a brief rebound.During the mid-da
Author  TradingKey
Feb 05, Thu
The U.S. government refuses to bail out Bitcoin, and with Fed rate cuts nowhere in sight, a continued downward trend to test for a bottom is likely after a brief rebound.During the mid-da
placeholder
Bitcoin Surrenders $65,000 as Analysts Warn of ‘Structural’ Market BreakBitcoin plunges 11% to break $65k as analysts term the crash "structural," citing a $1 trillion market wipeout and $2.09 billion in daily liquidations.
Author  Mitrade
Feb 06, Fri
Bitcoin plunges 11% to break $65k as analysts term the crash "structural," citing a $1 trillion market wipeout and $2.09 billion in daily liquidations.
goTop
quote