Livepeer Price Prediction 2022-2025

livepeer price

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. 

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
CoinSymbolPriceMarketcapChangeLast 24hSupplyVolume (24h)
livepeer
Livepeer
LPT
LPT$ 14.97$ 382.79 M0.53%25.51 M$ 30.53 M

The Founders of Livepeer

Livepeer Price Prediction 2022-2025 1

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. 

LPT current market status

Livepeer Price Prediction 2022-2025 2

Source: TradingView     

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.

At the time of writing, the current LPT price or Livepeer price today is USD 24.31 with a 24-hour trading volume of USD 17,825,578.  Livepeer is down 0.66% in the last 24 hours. The current CoinMarketCap ranking is #137, with a live market cap of USD 514,433,282. Furthermore, it also has a circulating supply of 21,164,655 LPT coins. 

Livepeer technical analysis

Even though there is no 100% accurate LPT analysis, you would see the real-time aggregated LPT buy-sell rating on the advanced technical analysis tool by Trading View. Nonetheless, the summary for LPT/USD is based on Moving Averages, Oscillators, and Pivots.

Livepeer Price Prediction 2022-2025 3

Source: Trading view

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.

At the time of writing, the current LPT price or Livepeer price today is USD 24.31 with a 24-hour trading volume of USD 17,825,578.  Livepeer is down 0.66% in the last 24 hours. The current CoinMarketCap ranking is #137, with a live market cap of USD 514,433,282. Furthermore, it also has a circulating supply of 21,164,655 LPT coins. 

Livepeer Price Prediction 2021-2025

The Livepeer forecast system notes that the below Livepeer LPT price predictions are based solely on technical analysis alone. However, no one is 100% certain of the technical analysis with a large trading volume because of the market’s volatility. Hence, it should not be taken as investment advice, but traders can use this information to determine their predictions on Livepeer prices.

The below chart shows the technical analysis of Livepeer price forecast for 2021 to 2025.   

Livepeer Price Prediction 2021

Livepeer Price Prediction 2022-2025 4

Source: cryptocurrencypriceprediction.com

The LPT price is expected to increase in value in the remaining months of 2021. However, the LPT to USD price prediction is expected to be around $35.2919 by the end of November 2021. And by the end of December 2021, the Livepeer price prediction 2021 or price forecast is expected to be at an average price of $52.411. It is also likely to scale through all the bears when the year ends. 

Livepeer Price Forecast 2022

Livepeer Price Prediction 2022-2025 5

Source: cryptocurrencypriceprediction.com

In 2022, the LPT would be a significant competitor against BTC and other coins in the cryptocurrency market. The coin is expected to reach $58.4687 by January 2022, a maximum price of $61.89 in February 2022, and a maximum price of $66.6332 in March 2022. Furthermore, LPT holders are expected to see a slight decrease in Livepeer’s LPT in April 2022. The crypto asset is expected to have a maximum price of $49.5140. As of May 2022, LPT is expected to regain its balance and start trading at $64.2629.

After this, there is a steady rise in price prediction or forecast from June to October 2022. It will begin at $64.2629 and peak at an all-time high of $102.1885 in December 2022.

Livepeer Price prediction 2023

Livepeer Price Prediction 2022-2025 6

Source: cryptocurrencypriceprediction.com

LPT continues to maintain its all-time high of $102 from January until March 2023, when it drops in average price to about $93.4972.

It is essential to know that the price continues to fluctuate in April. Furthermore, LPT experienced another all-time high of $104 in June 2023. In Oct, Livepeer LPT price experienced a slight decrease in October 2023 by decreasing to a price tag of $96.3943. LPT closed off the year with a price tag of $102.7153 in December 2023.

Livepeer Price forecast 2024 to 2025

As per the price forecast and technical analysis, in 2024, the average price of LPT is expected to reach a minimum level of $150. And it will go up to $258 by January 2025. By July 2025, LPT will also increase in price to $347.65. By the end of 2025, LPT will record a new all-time high average price of $373.9889. Hence, based on this forecast, Livepeer is a profitable investment for traders who want to invest in this crypto asset in the long- term. No doubt, the LPT price forecast or price prediction looks positive for the future.

How & where to buy LPT

LPT has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any large exchange and then transfer to the exchange that offers to trade this coin. Steps to purchasing this coin in reliable exchanges are pretty much the same.

  1. Register on Coinbase.
  2. Buy coins with fiat money.
  3. Since LPT is an altcoin we need to transfer our coins to an exchange where LPT can be traded.
  4. Deposit BTC to exchange.
  5. Trade LPT.
Livepeer Price Prediction 2022-2025 7

In the right column there is a search bar, now make sure “BTC” is selected as we are trading BTC to altcoin pair. Click on it and type in “LPT”, you should see LPT/BTC, select that pair and you should see a price chart of LPT/BTC in the middle of the page.

Below there is a box with a green button that says “Buy LPT”, inside of the box, choose the “Market” tab here as that is the most straightforward type of buying order. You can either type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click “Buy LPT”. Voila! You have finally bought LPT!

Conclusion

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.

FAQs about Livepeer

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.

What will be the future price of LPT in 2030?

When it comes to price, LPT has exceptional potential. It is forecasted that the cryptocurrency will keep increasing in value. According to experts, LPT can reach an all-time high of $692.

Where to buy LPT?

How to buy Livepeer LPT

  1. Sign up for a Kraken account. Enter an email address, username and a strong password to protect your account.
  2. Verify your account. …
  3. Add funds or a payment method to your account. …
  4. Purchase LPT!

Source: Kraken.com

How to Get Livepeer Token

  1. 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. …
  2. Set Mining Parameters. Select your gas price. …
  3. Earn LPT tokens


Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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