Livepeer (LPT) Price Prediction 2021-2025: Will LPT Break the $500 Mark?
Joining Bitcoin in setting record highs is Livepeer (LPT). Livepeer (LPT), which was trading in the morning on November 9, 2021, more than doubled its value to surpass $83. Livepeer's 2021 gains have exceeded 5,000 percent, which has left many potential investors asking if the crypto will continue to rise.
LPT witnessed a more than 1,000% rise in daily trading activity. This exceeded $1.7B on November 9. The market cap for the coin was $1.86 billion and is ranked 77th in terms of cryptocurrencies by market capitalization.
LPT started its latest upward trajectory following the price increase in Livepeer's purchase of MistServer, October 18. After which, the token saw a 300% increase in value.
Livepeer uses blockchain technology to lower the cost of transcoding live streams. This is a massive benefit for broadcasting professionals.
Livepeer has signaled the maturation of its product ecosystem by acquiring MistServer, an internet streaming media toolkit, through their acquisition. The blockchain company also announced on November 9 that they would be attending ETHGlobal's Web3 Jam hackathon on November 12.
Grayscale also includes Livepeer in its line of crypto-asset investment trusts. Grayscale is the manager for the Grayscale Bitcoin Trust, which is the largest Bitcoin fund worldwide.
What Is LivePeer?
Livepeer is an Ethereum-based, decentralized video streaming network that is open to everyone. Livepeer claims to have created the world's most open video infrastructure, which is available for creators, developers, streamers, and others to share their content. Its protocol will serve the live media layer of the web 3 stack under distributed development. It will focus on decentralization and scalability as well as crypto token rewards.
Although thousands of major broadcasters offer streaming services, they are unable to handle large audiences. Market-available platforms are still more costly, which means that some people may not be able to access them.
Livepeer will also work to provide an economically viable alternative for broadcasters. The solution project aims to make the system more resilient while avoiding any single point of failure.
The Livepeer infrastructure is open to development. It will also have a censorship-free perspective, giving broadcasters more freedom. The Livepeer protocol is constructed on multiple features, including a peer-to-peer network and media server.
The broadcaster will request the stream to the Livepeer while processing it. This is the middle layer where the stream goes live before it goes live. Livepeer handles conversions into various formats, as well as bitrates to improve reach.
How does Livepeer work?
Livepeer's video streaming system Broadcasters, also known as nodes in Livepeer, transmit video streams to the network for transcoding. Orchestrators receive the streams and contribute their CPU, GPU, and bandwidth to help pay ETH fees.
Orchestrators are responsible for ensuring that Livepeer videos are appropriately transcoded. The Orchestrators also help to send video to the transcoder hardware, which reformats videos known collectively as GPU. Additionally, the tasks are divided according to how much LPT crypto Orchestrators stake.
Let's first look at the current price of Livepeer in the crypto market before we get into Livepeer price predictions or future Livepeer prices.
Livepeer (LPT) Token: Price Analysis
Flashback: The Fundamental Analysis of Livepeer (LPT)
According to CoinMarketCap, the current price of Livepeer at press time is $65.20. Livepeer has 21.16 Million coins in circulation and a market capitalization of $1.37 billion.
The crypto market has experienced a 30% increase in value over the past month. We can also see a substantial rise in LPT's market capital today compared to the previous month.
In the last few weeks, LPT coins have shown an upward trend. It rose by 18184.80% compared to its all-time low of $0.354051. Livepeer shows the remarkable rise in token prices and market capital over time. This could be a great investment opportunity.
The RSI indicator predicts that the LPT coin will be overbought if the slope is 82.30% within the overbought area. We can expect a retracement of the $60 pivot point in the near future. The recent rise in buying pressure will push prices higher over the next few weeks.
Furthermore, video streaming is the future, and Livepeer offers enormous growth potential. The global video streaming revenues are expected to rise from $342 billion in 2019 to $843 billion by 2027. We can expect tremendous growth in the industry in the future and Livepeer, thanks to its solid foundations.
Let us now look at the future Livepeer price prediction.
Livepeer (LPT) Price Prediction 2021
Livepeer token price trails lower after creating the new all-time high of $83. However, by the end of 2021, we expect the LPT coin price to reach the $100 mark.
Livepeer (LPT) Price Prediction 2022
The buying pressure will continue to grow in 2022, resulting in the LPT coin price reaching the $150 mark by July 2022. And by the end of 2022, it is expected to reach the $175 mark.
Livepeer (LPT) Price Prediction 2023
As the demand increases for Livepeer with the platform becoming more mainstream, the token price will grow to a whole new level. By 2023, the LPT coin will surpass the $300 level.
Livepeer (LPT) Price Prediction 2024
The year 2024 will bring more bullish news for Livepeer, as the coin price could touch the $450 mark. However, a dip is possible in the second quarter, which can be a great investment opportunity.
Livepeer (LPT) Price Prediction 2025
The gain in bullish momentum after breaking the $450 will help the Livepeer token attract more investors. Hence, by 2025, the LPT coin price can break above the $600 mark.
Livepeer (LPT) Price Prediction: Market Sentiment
Below you will find the price analysis of LPT Coin by different media outlets.
Digital Coin Price
Digital Coin Price predicts the upcoming years of Livepeer's future will be bullish. The LPT coins will be worth $250 by 2026. A single LPT token will have a potential value of $300 in 2028.
Coins Kid
Coins Kid maintains a bullish sentiment for Livepeer. As per the site, the LPT coin price will reach $250 by 2023. And, by 2025, it will be worth more than $780.
Gov Capital
In contradiction to Coin Kids, Gov Capital predicts a slower growth rate for Livepeer in the upcoming years. It forecasts the LPT coin will be worth up to $300 by the end of 2025.
Price Prediction
PricePrediction.net shares the sentiment of Gov Capital. The site predicts a weak bull run in LPT coin price for the next few years. As per the forecast, Livepeer token price will reach $350 by the end of 2025.
However, this is where the site diverges from Gov Capital and forecasts a phenomenal uptrend in LPT coin. It predicts the coin will reach the $1000 mark by 2028 and the $2000 mark by 2030.
Our Livepeer (LPT) Price Prediction
Livepeer recently raised $20 Million to help fund the development of its blockchain-based streaming network. It was funded by investors such as Northzone, CoinFund, Coinbase, and Mike Dudas' 6th Man Ventures.
Northzone led an institutional investor group that gave $8 million to the project. Livepeer backers prove that crypto insiders think the project has a bright future.
Livepeer's solution should be adopted because it focuses on secure, reliable, and inexpensive broadcasting. The project's rising revenue is a sign that the market is responding to its pitch.
Livepeer, among other similar projects, generated the third-highest revenue for 2021's third quarter.
As per Livepeer Price Prediction 2021, the price of the LPT coin will be $100 by December 2021 and then will further rise to $600 by the end of 2025.
Conclusion
Some investors may try to profit early after Livepeer's rise. Livepeer could retreat, and some investors may decide to purchase the dip. Furthermore, Livepeer's token supply is close to its limit; as a result, the token's value will continue to rise as more people demand it.
The Web3 Jam event could have an impact on the LPT coin prices. It shouldn't be surprising that Livepeer will reach $100 within the next few months.
According to the LPT coin, social media price projections show that the LPT coin will be worth more than $800 at the end of 2025.
Furthermore, the Livepeer prediction is exceptionally bullish, and long-term forecasts for the LPT coin are optimistic, with the currency being worth $600 in 2025.