Livepeer is a protocol based on the Ethereum network. However, this protocol allocates video transcoding work in its decentralized network. Also, the protocol is focused on providing cheap, safe, and reliable infrastructure that can take care of today’s high demand for video streaming for its coin holders and users.
Hence, this article takes a detailed look at Livepeer price prediction. It will also focus on Livepeer’s technical analysis in the crypto market. Without further ado, let’s jump right in.
Today’s Livepeer price is $15.00 with a 24-hour trading volume of $38,027,768. Livepeer is up 0.84% in the last 24 hours. The current CoinMarketCap ranking is #102, with a live market cap of $357,784,448 USD. It has a circulating supply of 23,844,549 LPT coins and the max. supply is not available.
A year ago, a spike coincided with Livepeer’s tweet of a new weekly record high in terms of the length of unique video transcoded — a real-world development that could convince investors that the asset had been undervalued. Several hours later, the price began climbing (first red box), eventually reaching $24 on May 26. Can we expect the same spike this year? Let’s find out more about the network’s applications, technical analysis, and Livepeer price predictions.
Introduction to Livepeer Protocol
Livepeer is a scalable protocol suitable for startups and companies that want to include live or on-demand video in their services. This protocol can be referred to as Platform-as-a-service (PaaS). The Livepeer protocol specifically transcodes videos, which helps to reformat videos to suit different bandwidths and devices. Livepeer also offers a scalable infrastructure for developers looking to meet today’s video infrastructure and streaming.
Currently, video streaming is extremely expensive on the computing side, mainly because video producers must first transcode videos before being broadcast. However, the end costs have resulted in many video streaming companies selling users’ information and subjecting them to unwanted adverts to earn revenues. Nonetheless, this is what Livepeer aims to stop by having a decentralized protocol that is incentivized.
It is essential to know that the native Livepeer cryptocurrency is the Livepeer Token (LPT), popularly referred to as Livepeer LPT.
The Livepeer (LPT)
The Livepeer (LPT) is created to be an incentive mechanism. The Liverpeer protocol is cost-effective, reliable, and secure. LPT also acts as a mechanism that incentivizes orchestrators to work somewhat to ensure the protocol is secure.
Furthermore, new LPT tokens are minted in rounds and distributed to Orchestrators according to their stakes. It is essential to know that this allows those who participate in Livepeer to have more ownership and stake LPT tokens in the network. You also need to understand that the LPT inflation rate depends on the number of LPT coins staked out of the total supply in circulation. This keeps participants on the network at a desirable level.
Furthermore, Livepeer offers video broadcasters an opportunity to tap into its decentralized and cost-effective infrastructure that is reliable. Video broadcasters aren’t the only ones that can benefit from Livepeer. However, Video streaming platforms also stand the chance of helping without selling users’ data and serving adverts.
In addition, Livepeer offers an essential decentralized solution for anyone to embed videos into decentralized applications.
Livepeer Overview
Livepeer Overview
| Coin | Symbol | Price | Marketcap | Change | Last 24h | Supply | Volume (24h) |
|---|---|---|---|---|---|---|---|
 | LPT | $ 15.04 | $ 384.20 M | 2.56% | 25.54 M | $ 44.59 M |
The Founders of Livepeer
Source: Petkanics|Aroundthecoin.com
Livepeer is also an open-source platform that allows developers to contribute freely to its underlying code. Livepeer Inc is the legal company behind the Livepeer platform. However, Livepeer was founded by Doug Petkanics and Eric tang.
Doug Petkanics studied computer science and graduated from the University of Pennsylvania in 2006. After he graduated, he joined Accenture as an analyst, and in 2010 he co-founded Hyperpublic. In 2016, he also co-founded Livepeer.
On the other hand, Eric Tang graduated from Carnegie Mellon University with electrical and computer engineering degrees. He joined Next Jump, in 2010, as a software developer. In 2010, he collaborated with Petkanics and co-founded Hyperpublic. Since then, they have both worked together to create Livepeer.
How Livepeer works
In Livepeer, Broadcasters often referred to as nodes, send video streams to the network to transcode them. Then the streams are received by Orchestrators, who contribute their computer GPU, CPU, and bandwidth to the network in exchange for ETH fees.
In the Livepeer network, Orchestrators help to coordinate and ensure that videos are correctly transcoded. Also, the Orchestrators help send videos to the transcoder hardware that reformats videos known as GPU. In addition, tasks are distributed among Orchestrators according to the amount of LPT crypto they stake.
However, before we go into Livepeer price predictions and future Livepeer prices, let’s look at its current price in the crypto market.
Livepeer Technical Analysis
Livepeer has been on a downward trajectory in the last two weeks, and on 11 May, bears sent the Livepeer to the oversold territory, as shown by the 14 days RSI. This was followed by some buying pressure raising the prices. William alligator is sleeping, indicating little price action. MACD indicator trend lines show decreasing momentum to the upside. Livepeer price will probably stagnate in the short term before making its next big move.
Soon after trading started in 2019, the LPT price increased from $7 to $8. The price then decreased to $2, and at the end of 2020, the Livepeer price chart was monotonous. According to the chart, the price then increases toward the start of January 2021, after the announcement of Grayscale Investment support for Livepeer Inc. Following the information of greyscale Livepeer price broke the $40 barrier. Furthermore, more listings helped send the LPT to an all-time high of $45.22 on the 11th of May. Later in May, Livepeer fell dramatically to $10.95.
Livepeer Price Predictions 2022 – 2030
Walletinvestor
Livepeer cryptocurrency has an excellent historical data index of ‘B+,’ and it makes an excellent long-term investment with an estimated return of 125.2% if you buy today and hold for a year. Average forecast price for the coming two weeks with LPT losing over 45% at the end of the period. Livepeer cryptocurrency will fall from its current price to $8.648. Livepeer will be bullish for the entire period between 2023 and 2027. Livepeer forecast return on Investment in 2024 will be 250%. This will rise to 377.1% in 2025, 501.7% in 2026, and 622.1% in 2027.
TradingBeasts
Trading beast uses linear and polynomial regressions on historical data for the Livepeer forecast. Livepeer will sell at an average price of $15.251 in June, with prices ranging between $123.963 and $19.064. The average price is expected to fall in the second half of 2022 to as low as $14.835 in December. The falling trend will continue into 2023 until August at $10.819. The bullish trend will start in September, and the year will close at $13.706. 2024 will be bullish, with the year starting at $14.685 and ending at $22.282. 2025 will trend similarly with the year ending with Livepeer price at $27.687.
Digitalcoin Price
Livepeer forecast analysis by Digitalcoin price is green for the entire period between 2022 and 2031. This year Livepeer will average at $2026. In the second half of 2022, Livepeer will have little price action, with the prices ranging between $22.78 and $19.85, a little higher than the current value. Livepeer average price in 2025 will be $29.14. It will then reach $30 in 2027. By 2030 Livepeer will top at $72.73, about four times its current price. Investing in Livepeer in the short term may not be profitable, but investing in the long term will be suitable for its investors.
Cryptopolitan
Livepeer Price Prediction 2022
Livepeer price forecast for 2022 is $17.63. Livepeer market had a good start this year but has lost over 50% today. Investors have recently avoided risky digital assets, and altcoins have had a thorough beating. According to our analysis, LPT will fall lower in the second half of 2022, and recovery will begin in 2023.
Livepeer Price Prediction 2023
Livepeer price forecast for 2023 is $26.90. Livepeer is researching Layer 2 scaling as the Ethereum network is expensive and slow for its users and developers. Transition into ETH 2.0 may happen in 2023 and will streamline processes in the Livepeer ecosystem. Livepeer will reach the maximum price level of $30.83 and a minimum price of $26.19.
Livepeer Price Prediction 2024
Livepeer price forecast for 2024 is $39.85. Multichain blockchain networks will be here with us in 2023. Blockchain bridges will increase scalability and help transition smart contracts to new blockchains. This will enable users to link to the Livepeer streaming service from anywhere. Livepeer will trade between a maximum price of $45.79 and a minimum of $38.77.
Livepeer Price Prediction 2025
LPT price prediction for 2025 is $56.23. Livepeer will likely partner with other players in web 3 to scale decentralized services as they grow in demand. This will lead to partners like Bittrorrent for storage or LTC for payment systems listed in top cryptocurrency exchanges. Livepeer will trade between $68.23 and $54.23.
Livepeer Price Prediction 2026
LPT price prediction for 2026 is $83.30. Livepeer uses its native token for governance. Its open-source code will attract new developers and dreamers who will launch LPT into the future of Web 3. New proposals will help improve the network to benefit video miners, token holders, and developers. Livepeer will trade between a maximum value of $94.86 and a minimum value of $81.05.
Livepeer Price Prediction 2027
LPT price prediction for 2027 is $117.55. Livepeer will cross its previous all-time high of $100.24 in 2027. This will be partly enabled by the scaling of the Livepeer network and the influx of new users into the network. The development of dedicated GPUs will also streamline the storage and retrieval of videos for live streaming. Livepeer will trade between a maximum value of $140.21 and a minimum of $114.22.
Livepeer Price Prediction 2028
LPT price prediction for 2028 is $174.12. Livepeer will rise over 50% from its price in 2027 as it attracts many traders and investors. While the market may be driven by speculation, Livepeer will have created a rigid product, and its price will be more stable and backed by a utility. Livepeer price will range between a maximum price of $196.94 and a minimum of $169.42.
Livepeer Price Prediction 2029
LPT price prediction for 2029 is $250.57. Livepeer will grow past $200 in 2029, doubling its market capitalization. At this level, it will compete and steal a good market share from streaming giants such as Youtube and Netflix. Livepeer will attract and work with influencers on its marketing campaign. In 2029 Live peer will reach a minimum price of $243.60 and a maximum price of $296.58
Livepeer Price Prediction 2030
LPT price prediction for 2030 is $360.55. In 2030 you will be able to buy Livepeer and sell Livepeer on many cryptocurrency exchanges. Livepeer forecasts in 2030 suggest it will trade between $419.07 and $350.53, setting new support levels. Return on Investment in 2030 will be over 2,187% from today. If you invest in LPT, you should have a good return in the long term.
Livepeer Price Predictions by Industry Influencers
Crypto Reveals goes through the basics of Livepeer and gives its price prediction. He argues the project is undervalued and could offer good returns to its users this year.
Conclusion
Livepeer is a decentralized streaming service. Big industries highly monopolize streaming services, giving Livepeer very stiff competition. Adoption of WEB3.0 by more users would be a breakthrough for Livepeer.
There are no doubts that LPT is one of the cryptocurrencies out there that keeps its ground even when the market is bearish. Hence, our LPT price prediction for 2021 to 2025 remains bullish. There are many possibilities that it will surpass its current all-time high this year. But this will only occur if it withstands lots of market sentiments and physiological resistances.
It is also essential to know that its future depends on many factors, such as new technological advancements on its projects, new listings and announcements, and how favorable the crypto-market is for the Livepeer project. If all these favor the project, then we may witness more success in the long run.
With the ongoing projects in the LPT ecosystem, LPT probably has a great future ahead. The coin may reach $40 soon as its predicted price, and it might attain new heights if investors see LPT as a good investment and decide to invest in it. We kindly remind you that it is essential to do your research before you invest in any cryptocurrency
Livepeer is expected to soar in the long term and prove to be a profitable investment with a growing market cap. Short-term, there will be slight price action for Livepeer.
FAQS about Livepeer
Where can I buy Livepeer?
You can buy Livepeer on Binance, Huobi global, and Coinbase.
Which wallet can store Livepeer?
Livepeer is an ERC20 token and can be stored on Trust wallet, Metamask, and Coinbase.
Will the price of Livepeer reach $300?
Livepeer will reach $300 in 2030.
What will be the price of Livepeer in 10 years?
Livepeer will be $400 in 10 years.
Is Livepeer a good investment?
Yes, it is. Livepeer value is projected to grow. It would be best if you kept in mind that there is some risk associated with any investment. Ensure you invest in what you can accomplish before you arrive at any conclusion.
How to buy Livepeer LPT
- Sign up for a Kraken account. Enter an email address, username and a strong password to protect your account.
- Verify your account. …
- Add funds or a payment method to your account. …
- Purchase LPT!
How to Get Livepeer Token
- Log in to Web 3 Wallet. You will need a Web3 wallet such as MetaMask with enough Ethereum to pay for the Gas cost of executing the smart contracts that generate LPT tokens.
- Set Mining Parameters. Select your gas price.
- Earn LPT tokens.
Source: https://www.cryptopolitan.com/livepeer-price-prediction/