Defi 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 2022 and the years to come!
|Circulating Supply||24,465,070.45 LPT|
|All-time high||$100.24 (Nov 09, 2021)|
|All-time low||$0.4206 (Mar 13, 2020)|
*The statistics are from press time.
Livepeer (LPT) Price Prediction
|Year||Potential Low||Average Price||Potential High|
Livepeer (LPT) Price Prediction For 2022
Livepeer coin sold for $40 per token on January 1st. By January 30th, it had fallen to $27.07. Subsequently, a parabolic rebound helped close the quarter at $29.31. With a positive outlook still in place, the third quarter got underway. This enabled LPTs daily wick to surpass $27.94 on April 4th.
However, by the 18th of June, the value had dropped by more than 45.58% due to deteriorating economic conditions. That being said, at the time of writing the token was trading at about $9.83.
Livepeer Price Prediction For Q3
LPT is committed to developing technologies that more efficiently share video from broadcasters with end customers. It does so by taking advantage of unused CPU capacity. This is one of the craziest concepts evolved by the team. That being said, this could help its cost to surge to touch the quarterly high of $12.50.
On the other hand, if investors do not express an interest, the value may fall to $8.83. Linear price propulsion will gradually elevate the cost to $10.57.
LPT Crypto Price Prediction For Q4
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 $15.82.
On the other hand, adverse sentiments and declining volumes might cause the price to plunge to $11.04. Consequently, the average price can reach $12.89 if the bullish and bearish targets are taken into account.
LPT Price Forecast For 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 $26.16 by 2023.
Adversely, the altcoin value might fall to $14.06 if the bears have an upper hand. Following a balance in purchasing and selling pressures, the average price might reach $19.06.
Livepeer Price Forecast For 2024
Livepeer has made things much simpler and much more affordable for producers and viewers by introducing decentralization to the dynamic world. It 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 $42.24, whilst attracting additional investors.
However, the altcoin, might fall to $21.97 if the larger market faces a potential financial catastrophe or governmental roadblocks. With that said, the standard price might end up being at $30.70.
LPT Price Projection For 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 fascinating new features coming, the altcoin may reach a price of $65.84 by 2025.
Moreover, the average trading cost could be $47.85, if the coin doesn’t encounter any major fluctuations. However, if bears outpace the bulls the value could bottom up to reach $34.50.
What Does The Market Say?
The LPT price prediction has been updated by Wallet Investor. It now thinks the digital token might end the year with a more expensive price tag of $15.670. Conversely, the lowest trading price for the ongoing year is foreseen at $7.343.
Digital Coin Price:
By the conclusion of 2022, $13.77 is the altcoin’s highest predicted price by Digital Coin Price. The lowest and average closing targets for the year have been set by the firm’s analysts at $12.07 and $13.06, respectively. It is anticipated by the experts of the site that the altcoin will end 2025 at its possible high of $21.40.
The analysts have set a $15.02 highest closing target for the present year. While a shift in trend might propel the price as low as $13.42. Successively, the regular cost might be $14.01. The firm also includes long-term projections for LPT. Therefore, it is expected that the 2025 deal will close at $47.40.
Click here to read our price prediction of Stargate Finance (STG)!
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.
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.
Moreover, here are some quick highlights on the fundamentals of LPT
- Operates on a pay-as-you-go content consumption strategy.
- Provides auto-scaling public video services.
- Offers uncensorable live journalism and video-powered DApps.
CoinPedia’s Livepeer (LPT) Prediction
As a reward and collaboration tool, the design of LPT crypto is such that it helps 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 of LPT’s ceiling to $15.8 by the end of 2022.
Although the network is still relatively nascent, LPT’s price may suffer from unfavourable perceptions. The bears can take advantage of the situation and lower their price target for the year to around $11.
Historical Market Sentiments
- 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.
To read our price prediction of Verasity (VRA) click here!
Livepeer is revolutionizing the way broadcast services are delivered. It completely redraws streaming dynamics. However, before finishing this write-up we would like to stress its pros and cons. That would back you in making a fair judgment.
- Solves one of the biggest problems of online streaming by compensating for bandwidth.
- Redistributes the power to the creators and users of the content.
- Highly unstable tokenomics.
Livepeer has a pretty strong real-world use case which could drive its price to cross $200 in the forthcoming years.
Due to its solid fundamentals and practical use case, it can be a good investment in the long term.
The coin is anticipated to trade around an average cost of $15.82 by the conclusion of 2022.
The coin can strike record levels with a maximum and minimum trading price of $24.16 and $14.06 respectively by the end of 2023.
The token can break out of its bearish market to reach the highest trading price of $65.84 by 2025.