Skip to main content

Livepeer FOMO Could Drift LPT to $ 100 Soon



The cryptocurrency Livepeer is gaining momentum again. The LPT coin has risen for the past two days in a row and is currently trading at $ 67.08, about 50% above this week's low. This boom has brought its total market cap to more than $ 1.42 billion. This Lievepeer is now the 96th largest cryptocurrency the world.

What is LPT and is it a good investment?

The video industry has played an important role in what is known as Web 2.0. In contrast to the first generation of the Internet, more users now prefer the video format instead of text-based formats.

Nowadays, big platforms like YouTube and Facebook play an important role. These companies control which videos can be seen on their platform. Your algorithms essentially determine what people look at.

Livepeer is a blockchain project that seeks to change the video industry. It uses the Ethereum blockchain, which is currently the most popular decentralized infrastructure network in the world.

But unlike Theta, Livepeer doesn't try to compete with companies like YouTube and Facebook. Instead, it creates a platform that gives users more options. Companies using the platform can save thousands of dollars as a result.

The whole thing is made possible through the use of a P2P data network. In other words, instead of using huge servers made available by companies like Microsoft and Amazon, users can save their files on a storage space provided by other users.

To achieve it, Livepeer uses two core areas. On the one hand there are the so-called "orchestrators" - the users who share their bandwidth and free storage space with the network. These people are rewarded with LPT tokens for this. On the other hand, there are the “delegators” who provide the tokens.

The LPT price skyrocketed a few weeks ago. That jump saw it soar to an all-time high of $ 104 before suffering a major setback as demand for the token subsided. This drop in price ultimately resulted in a more than 55% crash. Today the coin recovered and tried to hit its all-time high again. The size of the bullish candle has continued to increase.

The livepeer rate has also moved above the moving averages for the past 25 and 50 days. Therefore, I expect this bullish dynamic to continue over the weekend as the bulls target key resistance at $ 100. That is about 50% away from the current price level.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more