Is Livepeer A Good Investment?

Defi’s has ripened to decentralize almost every sector worldwide. One among the numerous blockchain initiatives that are revolutionizing the way, we absorb content is Livepeer. In reality, it is the very first fully decentralized live video streaming network management protocol.

So If you’re contemplating investing in Livepeer, then this LPT Price Prediction will be a rollercoaster ride for you. Buckle your seatbelts as we present the most realistic Livepeer price forecast for 2023 – 2025 and the years to come!

Overview

*The statistics are from press time. 

Livepeer (LPT) Price Prediction

LPT Crypto Price Prediction December 2022

The cost of LPT might rise as a result of expanding adoptions, utility, and substantial partnerships. Additionally, the advent of the streaming market can enable the Livepeer price to rise as high as $6.135. 

On the other hand, adverse sentiments and declining volumes might cause the price to plunge to $4.926. The average price can reach $5.516 if the bullish and bearish targets are taken into account.

LPT Price Forecast 2023

Video producers have the chance to use Livepeer’s reliable, decentralized, and affordable infrastructure. Livepeer has applications beyond just those for video broadcasters. Video streaming platforms too can have an opportunity to assist without baiting customer information. This could shoot up the value of LPT to gain $6.985 by 2023.

Adversely, the altcoin value might fall to $6.016 if the bears have an upper hand. Following a balance in purchasing and selling pressures, the average price might reach $6.521.

Livepeer Price Forecast 2024

Livepeer has made things much simpler and much more affordable for producers and viewers by introducing decentralization to the dynamic world. Livepeer handles distribution while creators are in charge of writing, editing, and submitting their work. By 2024, the price of LPT could reach a high of $14.774, whilst attracting additional blockchain investors.

However, the altcoin, might fall to $9.216 if the larger market encounters a potential financial catastrophe or governmental roadblocks. With that said, the standard price might end up being at $11.618.

LPT Price Projection 2025

The market for live video streaming and broadcasting is developing rapidly. The Livepeer team wants to capitalize on this trend and spread decentralization throughout the system. With significant updates and intriguing new features coming, the altcoin may reach a price of $19.866 by 2025.

Moreover, the average trading cost could be $16.811, if the coin doesn’t encounter any major fluctuations. However, if bears outpace the bulls the value could bottom up to reach $14.189.

LPT Price Projection 2026 – 2030

CoinPedia’s Livepeer (LPT) Prediction

As a reward and collaboration tool, LPT crypto is designed to help keep the system as safe, dependable, and economically viable. Moving ahead as demand for video content grows, broadcasters may switch to a more scalable option like Livepeer. Once more, this might assist in raising the price prediction of LPT’s ceiling to $6.135 by the end of 2022.

Although the network is still being established, LPT’s price prediction may suffer from unfavorable perceptions. The bears can take advantage of the situation and lower their price objective for the year to approximately $4.926.

Market Analysis

What Is Livepeer (LPT)?

The Ethereum network serves as the foundation for Livepeer. However, this technology distributes video transcoding tasks throughout its Decentralized platform. The system aims to provide its currency owners and consumers an affordable, secure, and trustworthy architecture. That can handle the growing need for streaming video that exists today.

The main goal of Livepeer is to change the way videos are transcoded by allowing producers exposure to hundreds of thousands of distributed computers. This will allow application developers to produce films in a way that is quick, safe, and economical.

Moreover, millions of node administrators, or “orchestrators,” make up Livepeer’s system. These orchestrators deliver computing power in swap for fee earnings from broadcasters and rewards in the means of the Livepeer token, LPT.

Fundamental Analysis

The very first fully decentralized live video streaming communication protocol, Livepeer, was introduced in 2017. The system aspires to replace centralized broadcasting systems for all newly formed and existing broadcasting businesses with a workable blockchain-based, cost-effective substitute.

Since the Livepeer network is open-source, programmers are welcome to freely collaborate on the code base on GitHub. Furthermore, the system is worked by Livepeer Inc. Also the protocol was developed by Eric Tang and Doug Petkanics.

Historical Market Sentiments 2019 – 2021

• The coin was out of momentum since its inception in 2019 as its price continued to fall in the year.
• It had lowered to about $2.69 per token by October 15th. 
• On October 26, 2019, it saw an ATL of $0.354051.
• The year again does not turn out to be favourable for LPT. 
• Livepeer coin went for an average cost of $1.35 on January 1st, 2020.
• On November 22nd, it had a severe bearish trend that caused the price to tumble to $1.28. 
• It concluded the year at about $1.52.
• The year finally brought some hopes and possibilities for the token.
• LPT’s value stayed at $1.97 as of January 21st but rose to $3.93 on February 27th.
• On November 9th, 2021, Livepeer (LPT) claimed an ATH of $99.03. However,  It began to worsen, hitting $55.94 on December 2nd.

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