Market Stats and Forecasts
Livepeer Description
LPT also known as Livepeer Toke is a popular native cryptocurrency of the Livepeer network. This network is a decentralized platform that is specially designed to transform the video streaming industry. This platform was launched in 2017 and aims to offer a practical, blockchain based substitute for centralized video streaming companies. LPT token serves as the pillar of the Livepeer ecosystem by fulfilling several crucial functions. Let's discuss those in detail. First, LPT rewards participants in the network for their contributions. Delegators who stake and transcoders who process video content their tokens to support the network earn LPT as compensation.
This amazing model ensures the sustainability and growth of the network. When it comes to governance, token holders have the right to vote on the network’s development. Security plays a crucial role when it comes to decentralized platforms. Here, LPT runs on Delegated proof-of-stake consensus mechanism. LPT usually pays for the video transcoding services on the Livepeer platform. Broadcasters who require their video content can use LPT to reward transcoder for their work. One of the main features of Livepeer is its capability to transcode all video content proficiently.
This process comprises converting video files into different formats that are suitable for different devices and platforms. The demand for LPT tokens is growing because of its unique use cases. The future of this token depends on the user’s adaptability, consistent growth of the ecosystem and technological advancement. When it comes to LPT tokens, they are available for buying and selling on reputed crypto exchanges such as Poloniex, OKEx, Sushiswap and Gate.io. For investors, this can be a gamechanger of crypto in the future, so we suggest you invest in this coin according to your risk-taking ability.
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Livepeer, Our analysis, guided by the machine learning experts, yields forecasts for Livepeer price trajectory up to 2024. With a comprehensive understanding of Livepeer historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 4 and an error value of 0.67%.
For the year 2024, our analysis indicates a projected yearly low of $14.89, with the high anticipated to reach $21.54. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-09-15 | 20.13 | 20.55 | 21.18 | 1.08 |
| 2024-09-16 | 20.13 | 20.55 | 21.18 | 1.08 |
| 2024-09-17 | 20.78 | 21.44 | 22.05 | 2.19 |
| 2024-09-18 | 20.13 | 20.78 | 21.6 | 1.06 |
| 2024-09-19 | 20.55 | 20.98 | 21.39 | 1.06 |
| 2024-09-20 | 20.55 | 21.2 | 21.81 | 1.06 |
| 2024-09-21 | 20.78 | 20.99 | 21.41 | 2.18 |
| 2024-09-22 | 20.58 | 21.01 | 21.65 | 3.30 |
| 2024-09-23 | 20.58 | 21.24 | 21.86 | 3.30 |
| 2024-09-24 | 21.25 | 21.93 | 22.78 | 5.57 |
| 2024-09-25 | 21.72 | 22.42 | 23.28 | 7.89 |
| 2024-09-26 | 22.19 | 22.9 | 23.57 | 10.27 |
| 2024-09-27 | 22.67 | 23.14 | 23.59 | 11.48 |
| 2024-09-28 | 22.7 | 23.43 | 24.35 | 13.93 |
| 2024-09-29 | 23.68 | 23.92 | 24.4 | 16.44 |
| 2024-09-30 | 23.69 | 24.18 | 24.67 | 17.72 |
| 2024-10-01 | 23.97 | 24.47 | 25.21 | 20.31 |
| 2024-10-02 | 25 | 25.52 | 26.02 | 22.96 |
| 2024-10-03 | 25.28 | 25.81 | 26.31 | 24.31 |
| 2024-10-04 | 25.56 | 25.82 | 26.34 | 25.68 |
| 2024-10-05 | 25.59 | 26.13 | 26.92 | 28.44 |
| 2024-10-06 | 26.14 | 26.98 | 28.02 | 29.86 |
| 2024-10-07 | 25.85 | 26.68 | 27.71 | 28.43 |
| 2024-10-08 | 25.56 | 26.38 | 27.41 | 27.01 |
| 2024-10-09 | 26.4 | 26.95 | 27.74 | 29.81 |
| 2024-10-10 | 25.57 | 26.11 | 26.91 | 28.38 |
| 2024-10-11 | 26.11 | 26.38 | 26.91 | 28.38 |
| 2024-10-12 | 25.29 | 26.39 | 27.4 | 26.97 |
Livepeer Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Livepeer is forecasted to achieve its peak value in 2025 at approximately $31.12, while potentially dipping to a low of $16.83. The average trading value during this period is projected to hover around $28.37.Livepeer Price Prediction 2026
In 2026, Livepeer is anticipated to potentially reach its peak value of $46.28, with a possible lower value of $23.69. The average trading value for this period is estimated to be approximately $40.52.Livepeer Price Prediction 2027
As we look ahead to 2027, the trajectory of the Livepeer coin may offer investors unexpected turns. Projections suggest peaks hitting $66.13 and lows stabilizing around $35.16, with an average trading value resting near $59.38.Livepeer Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Livepeer coin. Projections point towards a maximum value of $107.45, a minimum of $51.08, and an average value of approximately $95.63.Livepeer Price Prediction 2029
Our market analysis indicates optimistic prospects for the Livepeer crypto in 2029, with projected peaks at $153.12 and floors at $78.99. Moreover, the average trading value of this coin is anticipated to hover around $135.61.Livepeer Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Livepeer token. Projections indicate highs near $211.17, potential lows around $117.96, with an average value of about $184.21.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $12.8 by the Sep 15, 2024. The Relative Strength Index (RSI) stands at 1.0509, indicating a Rise market stance. Overall, while the long-term forecast is Sell.
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Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Sell
The Livepeer is predicted to surge by 6.27% to $21.44 by Sep 17, 2024, though current indicators show a Bearish sentiment with 16 out of 30(53%) green days and a notable 16.04% price volatility over the past month.
