The crypto industry has come up with a number of projects that try to improve various areas of everyday life. Livepeer (LPT) is one of the most innovative ideas behind the token. Livepeer is a network built on Ethereum for transcoding live and on-demand video. Livepeer differentiates itself from traditional video streaming services like YouTube by not hosting, storing or distributing videos. The project is building a technology that harnesses excess computing power to more efficiently share video from broadcasters to consumers. Read more about Livepeer price predictions in the new StealthEX article.
Livepeer Crypto Price TodayLPT Coin Price Prediction 2023Livepeer Price Prediction 2030$0.01824$0.62$0.13 Livepeer Price Prediction 2023, 2025, 2030 Telegaon LPT Price Prediction 2023-2030
Telegaon experts give a solid, yet not so exciting price prediction for LPT Coin. According to their projections, in 2023, Livepeer coin will reach a maximum of $21.33 (+130%), while in 2025, LPT crypto will cost at least $61.43 (+560%) per coin at its highest point. By the year 2030, LPT will be trading for $209.73 (+2,200%) per coin at its peak. Telegaon also claims that in between these two events, in 2027, the price of LPT will not drop below $84.13 (+830%).
Price Prediction Livepeer Price Prediction 2030
PricePrediction gives almost identical numbers for Livepeer coin. According to the website, the earning potential of LPT is +60% in one year and +600% in five years. Based on experts’ forecasts, the estimated maximum LPT price at the end of 2030 will be around $199.21 (+2,100%), while its average price will fluctuate around $169.20 (+1,700%). At the end of 2031, the average LPT crypto price can reach a maximum of $292.47 (+3,100%).
DigitalCoinPrice LPT Crypto Price Prediction 2025-2030
The DigitalCoinPrice website is moderately optimistic about the future of the LPT token. They expect the coin to rise in price, however, not as high as many of its crypto peers. According to their calculations, in 2025 the maximum LPT crypto price will reach a maximum of $33.70 per coin (+245%), while in 2030, its value will reach a maximum of $96.94 (+950%).
When it comes to longer-term projections, the question of what Livepeer could be worth in 20 years is a tough one to answer. Providing price predictions for the crypto market is quite challenging due to its high volatility, and LPT is a lesser known coin with a ranking of 100+ on CoinMarketCap. However, the experts at CaptainAltcoin believe that in 2040, Livepeer Coin will be worth $115.40 (+1,150%), which is much lower than what most of the website believes will be in 2030.
Livepeer coin price chart
Current Price$9.24Market Cap$251,842,488Volume (24h)$9,885,483Market Rank#136 Circulating Supply27,249,635 LPTTotal Supply27,249,635 LPT7 Day High / Low$11.30 / $8.48All-Time High$100.24 Nov 09, 2021
Source: Coinmarketcap, February 13, 2022
Livepeer Token Price Technical Analysis
Source: TradingView, data was retrieved on February 13
Keep reading StealthEX’s article to learn more about the Livepeer project and LPT Coin.
What is Livepeer Token?
Livepeer is an open video infrastructure that enables developers to build video streaming applications. The blockchain token holding is run by a decentralized network of node operators, powering both traditional and Web3 video streaming at low prices relative to existing cloud providers. Livepeer’s distributed infrastructure is centered around its key role of ‘orchestrator’ for delivering video content. Participants with sufficient computing power can become orchestrators by devoting resources to transcode and distribute video on behalf of paying broadcasters and developers.
For example, one app developer has created a platform using the Livepeer protocol dedicated to live streaming high school basketball games on demand. Team coaches who want to broadcast the game will simply go into the app and press record, never having to worry about the technical intricacies, LivePeer handles behind the scenes.
Meanwhile, Livepeer’s orchestrators, which have additional computer resources, transcode the events for the various networks and devices. Orchestrators must first stake Livepeer Tokens (LPT) in order to perform quality work. It is important to note that while LPT is the protocol token that coordinates how work is distributed on the network, it is not a means of exchange token to pay for services within the LivePeer protocol.
livepeer user flow
In general, as Livepeer technology and protocols are distributed, it enables users to participate in the following flows:
Capture a video on your camera, phone, screen, or webcam and send it to the Livepeer network. Nodes operating within the network will encode it into all required formats to reach all supported devices. Users running these nodes will be incentivized through fees paid by broadcasters in ETH, and will have the opportunity to build reputation through protocol tokens to earn the right to do more work in the future. Any user on the network can request to view a stream, and it will be automatically delivered to them in near real time. livepeer crypto history
The Livepeer Project was started in March 2017 by founders Doug Petkanics and Eric Tang. Live streaming services are one of the areas the crypto space attempts to enter. Livepeer aims to provide a cheaper, more scalable, open solution that is more resilient without single points of failure.
The Livepeer network was launched in May 2018 on the Ethereum mainnet. Early streaming usage was focused on crypto community-focused events such as DevCon, the Ethereum Core Dev Call, several meetups and events. A series of network upgrades have taken place over the years, with the largest, Streamflow, in January 2020, to increase network access at a lower cost. Use has shifted from individual event streams to more large scale applications that leverage Livepeer for 10’s or 100’s of concurrent streams of video.
The vision is for Livepeer to become the primary infrastructure for the growing $70B streaming industry, representing significant infrastructure savings for applications that stream at scale, as well as cryptographically combined with other Web3 protocols. Serve as critical infrastructure for the coming wave of enablement. Proprietary economy applications.
Use cases for LPT crypto
The LivePeer project deals with the decentralization of one-to-many live video broadcasting (multicast). It is the truest form of media distribution, as it allows a broadcaster to engage directly with its audience, free from alteration, after-the-fact interpretation and spin. It gives a platform to all to raise their voice. Existing centralized solutions can suffer from censorship, third party control over user data/relationships/monetization, and inefficient cost structures around payment for service. Here are some logical use cases for applications and services to be built on top of Livepeer.
Livepeer Token (LPT)
Livepeer Token (LPT) is the protocol token of the Livepeer network. But it is not a medium of exchange token. Broadcasters use Ethereum’s Ether (ETH) to broadcast video on the network. Nodes that contribute processing and bandwidth earn ETH as a fee from broadcasters. LPT is a staking token, which allows participants who want to work on the network stake to coordinate how work is distributed on the network, and to provide security that work will be done honestly and correctly. LivePeer Token:
Represents an ERC-20 token available on several non-custodial and custodial exchanges. Origin is distributed through a ‘Merkle Mine’, which is an algorithm for decentralized distribution of tokens during the genesis state. There is inflation according to the issuance calculated algorithmically over time. Bets can be placed to earn additional profits. You get the right to work or delegate work on the Livepeer network and vote on protocol proposals. Stakes serving as a coordination mechanism and working through the network in proportion to the amount of delegated tokens. As a binding mechanism in a delegated proof-of-stake system, in which stake is delegated to transcoders (or validators) who participate in the protocol to transcode the video and validate the work. Slashing tokens and those caused by protocol violations are essential in securing the network against many attacks. Where to buy Livepeer Coins?
StealthEX is here to help you buy Livepeer crypto. You can do this privately and without the need to sign up for the service. We have over 700 different coins in our crypto collection and you can make instant and problem-free wallet-to-wallet transfers.
How to buy LPT crypto?
Simply visit StealthEX and follow these easy steps:
Select the pair and amount you wish to exchange. For example, BTC to LPT. Press the “Start Exchange” button. Provide the recipient address to transfer your crypto. Process transactions. Receive your crypto coins.
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Tags: crypto price prediction Livepeer LPT price analysis price prediction
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