Livepeer cryptocurrency has gained a lot of attention in the crypto community, with its price increasing continuously in the past few days. This Livepeer price rise has increased engagement and rank. The rank has increased to #115 in the cryptocurrency market, with a market capitalization of over $282,260,323 and a fully diluted market cap of over $303,436,443. Livepeer is now one of the craziest crypto coins, just like other cryptocurrencies that continue to push the price barriers.
But why is Livepeer not being talked about until just now? Are there any opportunities? Is the Livepeer project a good investment for the long-term hold? Let’s explore the Livepeer price prediction for the possible future price projections!
|Price Change 24H||+0.66%|
|Price Change 7D||-2.92%|
|Circulating Supply||24,053,875 LPT|
|Livepeer Numeraire ROI||36.82%|
About Livepeer Project
Livepeer is built on ETH for on-demand video & transcoding live. Livepeer is unique and is not the same as traditional video streaming platforms like Tiktok and YouTube. It does this by not storing, hosting, or distributing videos. Instead, LPT is focused on making a technology that uses surplus computing power to share video from broadcasters to end consumers more effectively.
Worldwide, video streaming is the leading cause of internet traffic, accounting for 80% of internet traffic, according to some reports. Transcoding takes out the highest price from video broadcasters. It is the process of reformatting and converting raw clips of videos to make sure they can be played across multiple networks & devices, from larger-than-life billboards to pocket-size smartphones.
The core idea of Livepeer is to distort the video transcoding world by giving broadcasters access to hundreds & thousands of distributed processors, enabling application developers to generate videos within an efficient, secure, and affordable architecture.
The LPT project was launched in the year 2017. Livepeer was the first completely decentralized live video streaming protocol. Its goal is to become an economically efficient blockchain-based substitute for centralized broadcasting solutions for each existing and new broadcaster company.
The adaptive bitrate transcoding process – the process of reformatting raw video so that it can be adequately viewed on any device with any network speed – is one of the most critical and expensive pieces of traditional video distribution infrastructure. Livepeer’s decentralized structure enables it to transcode at prices 50x less than mainstream providers.
Livepeer’s network comprises thousands of node operators – known as “orchestrators” – who provide computing power in exchange for fee payments from broadcasters and rewards in the form of the Livepeer token, LPT. In addition to supplying computer power to the network, Livepeer nodes are accountable for processing videos into various formats and bitrates and delivering them to broadcasters.
In addition to supplying computer power to the network, Livepeer nodes are accountable for processing videos into various formats and bitrates and delivering them to broadcasters. On the other hand, relay nodes and Broadcaster are accountable for distributing content to the end-users via decentralized & web apps.
To protect the Livepeer from potential threats – such as chain reorgs and consensus attacks – DPoS is used to ensure that all nodes involved in securing the network are incentivized to maintain honest behavior and that they will be slashed for any malicious activity.
As mentioned in the whitepaper of Livepeer, the live video broadcasting & streaming business is developing at a fast pace, and it is looking to take advantage of this to introduce decentralization to the environment. It aspires to streamline the broadcasting process.
A key feature of Livepeer is that producers can yield their work via the platform, and Livepeer will handle the reformatting and distribution of the streaming platforms & content to users. Since Livepeer is an open protocol, developers can contribute freely to the underlying code on GitHub. Livepeer is owned by Livepeer Inc, established by Eric Tang and Doug Petkanics.
Consensus on Livepeer
A two-layer consensus mechanism is used by Livepeer. In the first consensus layer, the transactions & Livepeer ledger are recorded and safeguarded by the ETH blockchain. At the same time, the other consensus layer manages the distribution of freshly made LPT tokens and confirms that transcoding work has been done rightly. The second consensus layer uses a DPoS model. To make sure of token distribution, proper payment settlement, and security, Orchestrators reacts as validators.
While one Orchestrator is doing the transcoding work, the Broadcast nodes have the ability to outsource and/or self-validate to other Orchestrators. They run a quick check for any malicious behavior or mistakes. The entire process/operation is quite expensive; thus, Livepeer only checks a small portion of the work done.
The Livepeer Token (LPT)
LPT crypto is built to act as an incentive & coordination mechanism that assists in keeping the network as secure, reliable, and cost-effective as possible. It acts as a bonding mechanism to monetarily boost Orchestrators to perform fairly, thus safeguarding the network.
New LPT tokens are created at the end of periods called ’rounds’ and are distributed to Orchestrators and Delegators in ratio to their stakes. Livepeer participants are supposed to have more control over the network than non-participants. One round correlates to approximately one day. Depending on how many tokens are staked out of the total supply, the inflation rate of LPT adjusts automatically. The goal is to keep participation in the Livepeer at a reasonable level.
The framework of LPT gives broadcasters a substitute for the expensive, centralized infrastructure that has conventionally been trusted. That said, it does not mean that only broadcasters are benefitted from it. Livepeer’s model helps to create a perfect experience for the consumers, and not just that, even businesses in this industry will be able to explore new business models that will not rely on serving ads or selling user data — creating a better experience for consumers.
And the story does not end here; Livepeer also believes that the technology it has created will be able to make a lot of other new services possible. For instance, better creator-economy streaming apps or pay-as-you-go content consumption. Such services will help better align with various stakeholders such as consumers, content creators, and platforms themselves. It also provides a much-needed solution for embedding video into dApps.
How Does the Livepeer Work?
The distributed framework of Livepeer for delivering video content circles around the main role of orchestrators. Participants who have the needed computing power can become orchestrators by dedicating their assets to distribute & transcode video on behalf of paying developers & broadcasters. Let’s understand this with an example.
Imagine that an application developer created platforms that can provide live streaming of college football games on-demand using Livepeer. The coach of the team who is interested in broadcasting the game can simply open the app, click on the record button, and do not need to worry about technical complications. LPT deals with all the complications behind the scenes.
In the meantime, orchestrators of Livepeer transcode the event for various devices and networks with surplus computing power. In order to ensure quality, Livepeer tokens (LPT) must be staked by organizers first. It is crucial to consider that while the Livepeer token is the protocol token for coordinating the distribution of work on Livepeer, it is not the medium of exchange token for paying for services within the protocol.
Livepeer understands the fact that all LPT holders might not have the computing power or expertise required to be an orchestrator. Hence, the role of a “delegator” was created. Delegators select to stake their LPT with orchestrators they think are committed to honest, quality work for the video transcoding process.
Delegators & orchestrators both earn fees for their role that is paid by the video broadcasters, and they are liable to ensure that the network is safe and high-quality. LPT orchestrators and delegators earn fees based on the amount of staked Livepeer protocol. In addition to this, Livepeer also issues new tokens that are shared between orchestrators and delegators every 5760 Ethereum blocks, which it refers to as a ’round.’
Technical Analysis of LPT
The current price of LPT is around $12. This volatility has forced the price below the 50-day simple moving average. Since there hasn’t been any significant volume accumulation with Livepeer token for the past few months, it is safe to say that this is just the beginning.
Moreover, Livepeer is relatively new, and thus it has a long way to go as per the most popular technical indicators and forecasts. The more the market participates and believes in LPT, the more likely it is that the price of Livepeer cryptocurrency might rise in the near term. But it is too early to say whether or not the Livepeer is overvalued or undervalued based on the high volatility observed.
The Livepeer price chart shows that the coin started to trend down since the start of the last May, finally creating a support level of around $10 price in the last August. During this entire time, the Accumulation/Distribution indicator continued to trend downwards with no support for price volume action.
But, in October 2021, the coin saw huge volume pushing the price from the $10 mark to near $20 price levels. And during the last November, the LPT price spiked tremendously, pushing the price to an all-time high of $100. However, after this huge spike, the Livepeer cryptocurrency started to fall. Due to the recent cryptocurrency market crash, the current price level of Livepeer falling near its long-term support of $10.
The Bollinger Bands analysis shows that the coin started with relatively high volatility compared to the last year. The RSI of the LPT token is at 31 as of now. It is trading under the oversold zone.
As per the current price trend, the Livepeer crypto might not hit its all-time high soon. Currently, the RSI-based MA is at 33.96 in the oversold zone, and the volatility is about to end as per the Bollinger band chart. Traders have to be cautious about getting into the consolidation at this price level.
Due to the recent crypto market crash, most cryptocurrencies face significant corrections. Hence, buy or sell decisions must be taken after proper research on the future price change & price forecast.
Livepeer Price Predictions: 2022-2026
We have studied the market sentiment and used technical analysis for the investors to forecast the future price of the LPT coins over the next five years. Although using historical values to predict the future price may not give the correct indication of the price, so, the results are more of an opinion. They should only be used as references to help you make better decisions.
Investors must understand their risk tolerance if they want to enter the financial markets. As cryptocurrencies are highly volatile and subject to risks, there always lies a possibility that the whole thing might come crumbling down. This is not an investment advice in any manner, so it is advised to do your own research before you add any currencies to your account. Keeping all that aside, these are the LPT price predictions that we have developed. If used wisely, it may let your crypto earn just for you.
Livepeer Price Prediction 2022
As per the price history and LPT price forecast, the Livepeer price is predicted to reach a minimum level of $14.66. While the LPT price may reach a maximum level of $16.73, and the average price may be around $15.87 throughout the year as per our LPT price prediction.
Livepeer LPT Price Prediction 2023
According to our LPT price prediction, the price of Livepeer is predicted to reach a minimum price of $15.79, with a maximum price of $18.91 in the year 2023. The average trading price throughout the year is expected to be near $17.13. Investing early for the Livepeer price may be beneficial for the future.
Livepeer Crypto Price Prediction 2024
As per the data & Livepeer price prediction models, the minimum price level of the coin may be $14.56. The maximum price of Livepeer as per the forecast may be around $20.82, with an average price of about $17.70 throughout 2024. Livepeer be worth it if you invest wisely.
Livepeer Price Prediction 2025
According to the technical analysis & Livepeer price forecast for 2025, the minimum price of Livepeer (LPT) may be around $20.48, and the maximum price level can be $26.00. The average price of the coins may be $22.82 in 2025. Livepeer prices may reach a new high if the bullish trend continues.
Livepeer Price Prediction 2026
The data & Livepeer price prediction models show that the minimum price can be around $22.89, and the maximum value can be $31.75 approximately while maintaining the average price of $26.58 in 2026. We expect investment in LPT to be profitable in the long run. Do not sell Livepeer during some small bearish periods to earn good profits.
Frequently Asked Questions
Where to buy Livepeer (LPT)?
Investors can buy Livepeer or sell Livepeer on Binance, Gate.io, and OKEx exchanges. Sushiswap, KuCoin, Uniaswap, etc., also offer users to buy or sell the Livepeer tokens safely and conveniently.
Is Livepeer a good investment?
Yes, Livepeer is a profitable investment and will give a good return in the future. The long-term earning potential of Livepeer is expected to be higher than previous estimates due to the recent market crash. Suppose the growth continues and the community members pick up platforms and the cryptocurrency market; in that case, Livepeer will become one of the best investments in an investor’s crypto portfolio.
Will Livepeer Worth Buying in 2025?
Livepeer price today is around $12. And it is expected that by the end of 2025, Livepeer be worth above $25. Traders can expect to earn good profits if they choose the proper entry & exit points while they invest in LPT.
How high will Livepeer go in 2030?
According to our Livepeer price predictions for 2030, the maximum value, minimum value, and average trading value are expected to be $56.96, $52.75, and $55.39. The Livepeer price forecast & predictions may not always indicate the exact LPT price change. Decide your trading objectives before investing in the crypto market.
What is the current circulation of Livepeer Protocol?
Livepeer (LPT) has a total supply of 25,574,817 LPT tokens and a circulating supply of 23,880,460 LPT tokens. There is no accurate data for its maximum supply.
How secure is Livepeer?
Livepeer (LPT) is built on the Ethereum blockchain, and it uses a modified version of delegated proof of stake (DPoS) consensus mechanism. In this DPoS mechanism, no mining takes place. In DPoS, the validation of the new blocks happens based on the number of coins staked. And since it uses an Ethereum-style network, it is pretty safe and highly reliable.