The Capital: Livepeer Price Prediction

  • Saturday, 24 July 2021 05:27
Livepeer Fundamental AnalysisLivepeer token (LPT) is an ERC-20 token used by the Livepeer protocol — a network for decentralized video streaming built on the Ethereum blockchain. It aims to improve video quality and make streaming services more available to developers.Live streaming takes up a huge chunk of the Internet’s bandwidth. The streaming videos have to be transcoded — to optimize them for different devices and internet capabilities. This process, however, is very expensive, which makes it inaccessible for small video-focused startups. Livepeer solves this issue by providing developers with a platform they can use to add streaming capabilities to their projects. This platform’s underlying infrastructure is p2p, which helps lower the costs while simultaneously increasing streaming reliability.Some nodes participate in the transcoding process by contributing some of their computing resources to the network, called orchestrators. The right to become an orchestrator is granted by holding Livepeer tokens. Another type of node, called Delegator, stakes its tokens toward an orchestrator but doesn’t do the work itself. Both orchestrators and Delegators get rewards for their participation. Developers and end-users, for their part, utilize their tokens as a means of payment for the network’s services. Any token holder can also participate in the voting process.Livepeer Price ChartSoon after the trading started in 2019, Livepeer token price rose to $7-$8 and stayed at that level until autumn the same year. Then it went down to $2-$3, and until the end of 2020, the Livepeer price chart was uneventful. The price first started its rise towards the previous level in January 2021 after the announcement of Grayscale investments’ support for the project, further fueled by its confirmation in March; by early April, Livepeer had broken the $40 barrier. Some high-profile listings certainly helped, sending the price to an all-time high of $45.22 on May 11. However, Livepeer turned out to be one of the projects that were hit the most by Bitcoin ‘s tumble: later in May, its price fell dramatically, reaching $10.95 at one point. Livepeer was able to rally, although not to the previous highs: by early July, it was trading at around the $17 mark.Livepeer Technical AnalysisDespite the fact that 100% accurate technical analysis for Livepeer cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated LPT buy-and-sell rating for selected timeframe. The summary for LPT/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.Livepeer Price PredictionBelow we have collected the most reliable price projections for Livepeer (LPT) from popular forecast platforms.#1. WalletInvestor LPT Price Prediction for 2021, 2023, 2025According to WalletInvestor, Livepeer price will grow from $11.44 to $40.079 in one year. That makes LPT an awesome investment. The long-term earning potential is 250.34%. Predicted price for the end of 2026 is $147.762.#2. TradingBeasts LPT Price Prediction for 2022Answering the question about if Livepeer is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $11.901 with a growth to $14.426 by the end of 2022.#3. DigitalCoin LPT Price Forecast for 2021, 2022, 2023, 2025In DigitalCoin analysis, the price of Livepeer cryptocurrency will rise in the next 5 years starting from $11.5207 as of today’s price to $38.0165009. It will go up to $19.3304025 by 2022 and continue its growth in 2023–2024. Based on this forecast, Livepeer is a profitable long-term investment.SummaryAs it can be clear from the analysis cited above, Livepeer (LPT) projections are rather contradictory. There is no universal consensus either about positive or negative future LPT price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Livepeer projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.About SwapSpaceSwapSpace is a cryptocurrency exchange aggregator that allows to swap over 450 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.Passionate about crypto and want to get more news and price predictions daily? Join SwapSpace’s blog!Latest articles:THORChain price predictionCartesi price predictionOriginally published at https://swapspace.co.Check out our new platform 👉 https://thecapital.io/https://twitter.com/thecapital_iohttps://medium.com/media/3b6b127891c5c8711ad105e61d6cc81f/hrefLivepeer Price Prediction was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

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