Livepeer Price Prediction 2023: Is LPT Crypto a Good Investment?

February 13, 2023

Price Prediction

Sean Korbett

The crypto industry has come up with a number of projects that try to improve different fields of everyday life. One of the most innovative ideas stands behind the Livepeer (LPT) 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 video. The project is building a technology that utilizes excess computing power to more efficiently share video from broadcasters to consumers. Read more about Livepeer price prediction in the new StealthEX article.

Livepeer Price Prediction 2023, 2025, 2030

Telegaon LPT Price Prediction 2023-2030

Telegaon experts give a solid, yet not so thrilling price prediction for LPT coin. According to their estimates, 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 traded for $209.73 (+2,200%) a coin at its peak. Telegaon also claims that in the middle between these two events, in 2027, LPT will cost no less than $84.13 (+830%).

PricePrediction Livepeer Price Prediction 2030

PricePrediction gives approximately the same numbers for Livepeer coin. According to the website, LPT’s earning potential is +60% in one year and +600% in five years. Based on the 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 may reach a maximum of $292.47 (+3,100%).

DigitalCoinPrice LPT Crypto Price Prediction 2025-2030

DigitalCoinPrice website is moderately optimistic about the future of 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 skyrocket to a maximum of $96.94 (+950%).

When it comes to long-term forecasts, it’s quite difficult to answer the question of what could Livepeer be worth in 20 years. It’s quite challenging to provide price predictions for the crypto market due to its high volatility, and LPT is a lesser known coin with a ranking of 100+ on CoinMarketCap. However, CaptainAltcoin experts think that in 2040, Livepeer coin will cost $115.40 (+1,150%), much less than most websites believe it will cost in 2030.

Livepeer Coin Price Chart

Source: CoinMarketCap, 13 February 2022

Livepeer Token Price Technical Analysis

Source: Tradingview, Data was taken on February, 13

Keep reading StealthEX’s article to learn more about the Livepeer project itself and LPT coin.

What Is Livepeer Token?

Livepeer is an open video infrastructure, that enables developers to build video streaming applications. The blockchain is run by a decentralized network of token holding node operators, which powers both traditional and Web3 video streaming at reduced prices relative to the existing cloud providers. Livepeer’s distributed architecture for delivering video content centers around its key role of ‘orchestrators.’ Participants with enough computing power can become orchestrators by dedicating resources to transcode and distribute video on behalf of paying broadcasters and developers.

For instance, an app developer has created a platform using the Livepeer protocol dedicated to live streaming high school basketball games on demand. The team’s coach who is looking to broadcast the game would 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, those with excess computer resources, transcode the event for different networks and devices. Orchestrators must first stake Livepeer tokens (LPT) to ensure they 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 the medium of exchange token to pay for services within the Livepeer protocol.

Livepeer Users Flow

In general, as the Livepeer technology and protocol are delivered, it will enable users to participate in the following flow:

• Capture a video on your camera, phone, screen, or webcam and send it into the Livepeer network.
• Nodes running within the network will encode it into all the necessary formats to reach every supported device. Users running these nodes will be incentivized via fees paid by the broadcaster in ETH, and the opportunity to build reputation through the protocol token to earn the right to perform more work in the future.
• Any user on the network can request to view the stream, and it will automatically be distributed to them in near real time.

Livepeer Crypto History

The Livepeer project was introduced in March 2017 by founders Doug Petkanics and Eric Tang. Live streaming services is one of the fields the crypto space tries to enter. Livepeer aims to provide a cheaper, more scalable, open solution that is more resilient without single points of failure.

The Livepeer network launched on Ethereum’s Mainnet in May 2018. Initial streaming usage focused on crypto community-focused events such as DevCon, the Ethereum core dev calls, numerous meetups, and events. A series of network upgrades occurred over the years, with the largest, Streamflow in January 2020, enabling scaled usage of the network at lower cost. Usage 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 for Livepeer is to be the primary infrastructure for the growing $70B streaming industry, representing significant infrastructure savings for those applications that stream at scale, while also combining with other web3 protocols to serve as critical infrastructure for the coming wave of crypto-enabled ownership economy applications.

Use Cases for LPT Crypto

The Livepeer project is concerned with decentralizing one-to-many live video broadcast (multicast). This is the truest form of media distribution, as it allows a broadcaster to connect directly with their audience in a first-hand manner, free from alterations, after-the-fact interpretation, and spin. It gives everyone a platform to have a voice. Existing centralized solutions can suffer from censorship, third-party control over user data/relationship/monetization, and inefficient cost structures around payment for the service. Here are some of the logical use cases for applications and services to be built on top of Livepeer.

Livepeer Token (LPT)

The Livepeer Token (LPT) is the protocol token of the Livepeer network. But it is not the medium of exchange tokens. Broadcasters use Ethereum’s Ether (ETH) to broadcast video on the network. Nodes who contribute processing and bandwidth earn ETH in the form of fees from broadcasters. LPT is a staking token that participants who want to perform work on the network stake in order to coordinate how work gets distributed on the network, and to provide security that the work will get done honestly and correctly. Livepeer token:

• Represents an ERC-20 token available on a number of non-custodial and custodial exchanges.
• Is originally distributed via a ‘Merkle Mine,’ an algorithm for decentralized distribution of tokens during the genesis state.
• Is inflationary according to algorithmically programmed issuance over time.
• Can be staked to earn extra profit.
• Earns you the right to perform or delegate work on the Livepeer network and vote on protocol proposals.
• Routes work through the network in proportion to the amount of staked and delegated token, serving as a coordination mechanism.
• Serves as a bonding mechanism in a delegated Proof-of-Stake system, in which stake is delegated towards transcoders (or validators) who participate in the protocol to transcode video and validate work. The token, and potential slashing that occurs due to protocol violation, is necessary in order to secure the network against a number of attacks. 

Where to Buy Livepeer Coin?

StealthEX is here to help you buy Livepeer crypto. You can do this privately and without the need to sign up for the service. Our crypto collection has more than 700 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy LPT Crypto?

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange. For instance, BTC to LPT.
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.