Livepeer Price Prediction 2022-2031: Will LPT Price Spike Higher?

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 $8.24 USD with a 24-hour trading volume of $19,706,835. Livepeer is up 2.54% in the last 24 hours. The current CoinMarketCap ranking is #124, with a live market cap of $198,124,599. It has a circulating supply of 24,054,265 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.

Read also: Livepeer price analysis: Livepeer gains 53 percent as it peaks at $54, a retracement ahead?

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$ 8.18$ 213.28 M3.64%25.75 M$ 18.28 M

The Founders of Livepeer

Livepeer Price Prediction 2022-2031: Will LPT Price Spike Higher? 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. 

How to Acquire LPT

  1. How to BUY 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!

2. How to Mine LPT

  • 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.

Livepeer Technical Analysis

Livepeer has been on a downward trend since May. The downward trend pushed LPT to oversold territory in two instances. The 14-day RSI shows LPT recovering from the oversold region, while the MACD histogram shows increasing price momentum to the upside. William’s Alligator suggests LPT will trade lower.

Livepeer Price Prediction 2022-2031: Will LPT Price Spike Higher? 2

Livepeer Price Predictions 2022 – 2030

Walletinvestor

Wallet investors use machine learning and artificial intelligence (AI) to provide Livepeer price forecasts. The AI rates LPT price historical data index C. Livepeer would make an ‘awesome’ one-year investment. It will trade at $20.644 in one year. The value of LPT will fall in the coming two weeks. It will fall from the current price to $5.020 at the end of the period.  LPT return on investment ROI in 2024 will be 309.7%. In 2025 it will be 462.5%, in 2026, it will be 615.7%, and in 2027 it will be 764.1%.

TradingBeasts

Trading Beasts used polynomial and linear regressions to provide the average forecast price of LPT. The value of LPT will rise from its current price to $9.53643 in July. It will sell at $9.00058 in December. The average trading price of LPT will continue to fall until July 2023.  LPT value in August 2023 will be 7.23606$ and $10.13849 in December 2023. Livepeer market will be bullish in 2024 and 2025. In 2024, the LPT value in January will be $10.69913 and $14.97193 in December. In 2025, the LPT value in January will be $15.27173 and $17.98116 in December.

Digitalcoinprice

Digitalcoinprice is bullish on Livepeers average forecast price from 2022 to 2031.  LPT value in the crypto market will rise to $11.78 in July. Livepeer will have little price action for the rest of the year. It will register a maximum price of $12.34 and a minimum price of $10.83. In 2023, LPT average price will be $11.95. It will reach a maximum price of $13.19 and a minimum price of $11.01.  In 2025, LPT average price will be $15.92. It will reach a maximum price of $18.13 and a minimum price of $14.29.  In 2030, LPT average price will be $38.64. It will reach a maximum price of $39.73 and a minimum price of $36.79.

Cryptopolitan

Livepeer Price Prediction 2022-2031: Will LPT Price Spike Higher? 3
Livepeer Price Prediction 2022-2031: Will LPT Price Spike Higher? 4

LPT Price Prediction 2022

LPT price prediction for 2022 is $17.63. Livepeer got listed on Etoro and staked rewards of up to 18%. The moves will increase the flow of Livepeer LPT liquidity to more users. The year’s bear run is expected to slow. The next bull run will send Livepeer value to the moon.

LPT Price Prediction 2023

LPT price prediction for 2023 is $28.9. LPT runs on the Ethereum main net. Transitioning to the new version of ETH will streamline LPT’s processes. The update will have lower transaction costs and attract more investors, and it will help regulate LPT in other countries. LPT will register a maximum value of $30.83 and a minimum value of $26.19.

LPT Price Prediction 2024

LPT price prediction for 2024 is 39.85. The count of Ethereum Virtual machines is growing every year. These technologies will enable the scaling of the Livepeer network and streaming services. Users will be able to access live streaming on other blockchains. LPT will reach the highest price at $45.79 and the lowest at $38.77.

LPT Price Prediction 2025

Livepeer price prediction for 2025 is $56.23. As we move into WEB 3.0, we anticipate the interconnection between Defi and Dapps to rise. Users might opt to store data on decentralized cloud storage like Bittorent. There will be more partnerships for Loopring. The bullish trend will have LPT selling between a maximum price of $68.23 and a minimum price of $54.23.

LPT Price Prediction 2026

Livepeer price prediction for 2026 is $83.3.  Livepeer uses its native token LPT for governance. The community can vote for changes in the ecosystem. The platform uses open-source code, meaning developers can use the code to enrich their products and services.  The openness creates a wholesome experience for the whole community.  LPT will reach a high price of $94.86 and a low price of $81.05.

Livepeer Cryptocurrency Price Prediction 2027

Livepeer price prediction for 2027 is $117.55. Livepeer set its all-time high price on November 9, 2021, at $100.24. Livepeer will break this record in 2027, setting new resistance and support levels. The milestone will attract more investors and speculators. LPT market cap will grow, setting a high price of $140.21 and a low price of $114.22.

Livepeer Cryptocurrency Price Prediction 2028

Livepeer price prediction for 2028 is $174.12. By 2028, Livepeer will have created a robust ecosystem. The development will attract many traders. The robustness will also create stiff competition from competitors like Youtube.  It is also possible that the two could form a partnership. Livepeer will mark a high price of $196.40 and a low price of $169.42 for the year.

Livepeer Cryptocurrency Price Prediction 2029

Livepeer price prediction for 2029 is $250.57. In 2029, Livepeer will cross $200. The milestone will enable LPT to make its mark in the whole crypto world. LPT will have grown its market capitalization by 200%.  Livepeer forecast price will register a high price of $296.58 and a low price of $243.6.

Livepeer Cryptocurrency Price Prediction 2030

Livepeer price prediction for 2030 is $360.55. This year you should be able to buy LPT on many crypto exchanges. The high rate of digital coin adoption will make the growth possible. Livepeer forecast suggests LPT will register a high price of $608.84 and a low price of $504.33.

Livepeer Price Prediction 2031

Livepeer price prediction for 2031 is $518.76. As the decade ends, LPT will pass $500. In contrast, the future might be uncertain. The community could vote for their blockchain main net. Such advances will push LPT higher. Livepeer forecast indicates that it will reach a maximum price of $608.86 and a minimum price of $504.33

Livepeer Price Predictions by Industry Influencers

Crypto with Wolf goes through LPT on his Youtube channel. He comments that the cryptocurrency is in a bear market and is an excellent time to buy. He adds that LPT could go lower short term.

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 

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.

Livepeer streaming service is rewriting the way streaming services are done. It rewrites the whole economics of streaming. Users are incentivized to access content, while the community plays the role of maintaining the network.

Livepeer has been on a bear trend since January 2022. From 2023, LPT will be on an upward trend. Any negative news could derail LPT. Otherwise, LPT is a profitable investment.

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.

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