Livepeer Ready to Shine: LPT Predicted 40% Price Spike

Updated: 16 August 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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After experiencing recent volatility, Livepeer (LPT) might be in for a considerable price increase, as some crypto users believe.

The token emerged to power one of the crypto industry’s first live video streaming networks in 2017.

For most of its history, the token’s price was moving sideways until 2021, when it saw a surge from $5 to nearly $80, and then it corrected back to $5 during the 2022 price crash.

The token saw quite a bit of volatility in 2023 until it reached its bottom at $4 in June and started trading sideways, with a very discrete growth to $4.7 by August 11.

However, on August 11, the price saw somewhat greater volatility that took it back up to $6 and then to $7 late on August 12.

The highest jump was on August 13, which brought LTP back to $9 before it corrected to $7 again, which happened the next day.

Since then, LPT has been trading sideways again, fluctuating between $7 and $8. Even so, the token saw a 44% increase in the past seven days and a 55% increase in the last month.

Daily, however, its performance has been lacking. Earlier today, August 16, the token dropped to $6.4 before quickly recovering to $7.20, then dropping again to $6.88.

This is also where it sits, with a 0.66% drop in the last 24h. Still, analysts have noticed that the token has been showing a good, bullish momentum lately.

Despite the price retracing and giving bulls a chance to go long again, it respected the inclining trendline in its current support area.

LPT development continues despite uncertainty

LPT price struggled until mid-August when it suddenly surged on Binance.

The project’s roadmap may be partially responsible for spiking interest among traders, as it announced numerous plans for 2023.

In Q2, the project launched a Grants program to support open-source projects building on the Livepeer network, followed by the release of the Livepeer 2.0 protocol.

In Q3, it announced integrations with major streaming platforms like YouTube and Twitch. In addition, it announced the launch of Livepeer SDK to make it easier for devs to integrate Livepeer into apps.

The project also has plans for Q4, when it will expand its network to support more stakers and transcoders. It also intends to launch the Livepeer marketplace in the final quarter of this year.

https://twitter.com/wendyxorchid/status/1688568231056039937

yPredict presale almost at $3.5m

While existing crypto projects continue struggling in 2023, many are turning to new opportunities and projects still holding presales.

One prominent example is yPredict (YPRED) — an all-in-one AI ecosystem empowered by the YPRED token. The project was built for developers, traders, quants, and analysts.

Its platform will offer easy access to AI-controlled signals, sentiment and technical analysis done by artificial intelligence, and a chart pattern recognition system.

The project’s presale has seen tremendous success, with the AI hype increasing. It has already raised $3.47 million, with the presale still going. YPRED is currently sold for $0.1.

Anyone interested in buying it can do so with BNB, ETH, USDT, MATIC, or via their credit card. The project is nearing the end of the presale, and its listing price will be $0.12, so it is still worth buying now.

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