What Is Livepeer (LPT)?
Launched in 2017, Livepeer is the first live video streaming network protocol that is fully decentralized. The platform aims to become a viable blockchain-based, economically efficient alternative to centralized broadcasting solutions for all new and existing broadcaster companies.
To learn more about this project, check out our deep dive of Livepeer.
As stated in the official Livepeer whitepaper, the live video streaming and broadcasting industry is growing at a rapid pace, and the company is looking to ride this wave and introduce decentralization to the environment. Livepeer aims to streamline the broadcasting process by allowing producers to submit their work on the platform, taking care of reformatting and distributing the content to users and streaming platforms.
Who Are the Founders of Livepeer?
Livepeer is an open-source protocol, which means that developers can freely contribute to the underlying code on GitHub. Livepeer Inc is the legal entity behind the Livepeer platform. Livepeer Inc was founded by Doug Petkanics and Eric Tang.
Doug Petkanics graduated with a degree in computer science from the University of Pennsylvania in 2006. Since then, he has been an integral part of several big names like Groupon and Wildcard. In 2006, he joined Accenture as an analyst, and in 2010 he co-founded Hyperpublic, which Groupon later acquired. In 2013, Petkanics co-founded Wildcard, a publishing platform, and web browser. Since 2016, he has been at the center of development for Livepeer.
Eric Tang graduated with a degree in electrical and computer engineering from Carnegie Mellon University. In 2008, he joined Next Jump as a software developer, and in 2010 he became a product manager for Clickable. In 2010, he teamed up with Doug Petkanics and co-founded Hyperpublic. Since then, the duo has worked together on Wildcard and later on Livepeer.
Livepeer Price Prediction
If you’re looking for Livepeer price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Livepeer (LPT) will go in the future? We will analyze the past prices of Livepeer (LPT) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 24.72|
|24h Volume||$ 29,968,291|
Livepeer (LPT) Price Prediction
At reconshell.com we predict future Livepeer price predictions/LPT forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Livepeer. We do our best to collect maximum historical data for the LPT coin which include multiple parameters like past price, Livepeer marketcap, Livepeer volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Livepeer Price Prediction 2022
According to our deep technical analysis on past price data of LPT, In 2022 the price of Livepeer is predicted to reach at a minimum level of $34.96. The LPT price can reach a maximum level of $42.20 with the average trading price of $35.97.
Livepeer Price Prediction 2023
The price of Livepeer is predicted to reach at a minimum level of $51.85 in 2023. The Livepeer price can reach a maximum level of $61.54 with the average price of $53.29 throughout 2023.
LPT Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Livepeer is predicted to reach at a minimum level of $76.28. The LPT price can reach a maximum level of $90.22 with the average trading price of $78.94.
The price of 1 Livepeer is expected to reach at a minimum level of $110.43 in 2025. The LPT price can reach a maximum level of $131.74 with the average price of $113.59 throughout 2025.
Livepeer Price Prediction 2026
Livepeer price is forecast to reach a lowest possible level of $160.97 in 2026. As per our findings, the LPT price could reach a maximum possible level of $185.57 with the average forecast price of $166.65.
Livepeer Price Prediction 2027
According to our deep technical analysis on past price data of LPT, In 2027 the price of Livepeer is forecasted to be at around a minimum value of $233.79. The Livepeer price value can reach a maximum of $279.22 with the average trading value of $242.13 in USD.
Livepeer (LPT) Price Prediction 2028
The price of Livepeer is predicted to reach at a minimum value of $349.03 in 2028. The Livepeer price could reach a maximum value of $400.91 with the average trading price of $358.72 throughout 2028.
Livepeer Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Livepeer is expected to reach at a minimum price value of $477.34. The LPT price can reach a maximum price value of $589.85 with the average value of $491.69.
Livepeer (LPT) Price Prediction 2030
The price of Livepeer is predicted to reach at a minimum value of $701.64 in 2030. The Livepeer price could reach a maximum value of $829.93 with the average trading price of $721.31 throughout 2030.
Livepeer Price Prediction 2031
Livepeer price is forecast to reach a lowest possible level of $1,053.42 in 2031. As per our findings, the LPT price could reach a maximum possible level of $1,209.84 with the average forecast price of $1,089.48.
What Makes Livepeer Unique?
Livepeer is a unique project because it aims to revolutionize the broadcasting industry by employing the powers of blockchain technology. The open-source platform allows users and developers to participate in the management and improvement of the platform freely. The growing capabilities of digital cameras for producing high-quality video content drive the development of the broadcasting industry, and Livepeer aims to further boost this process by allowing users to benefit from decentralized computing power and crypto-economic incentives for bootstrapping and participation.
Livepeer is becoming a leading industry platform, as it allows users to participate in numerous ways. The platform offers opportunities for pay-as-you-go content consumption, auto-scaling social video services, uncensorable live journalism, and video-enabled DApps. Livepeer is transforming the live video streaming process and is on the road to becoming an industry leader.
How Many Livepeer (LPT) Coins Are There in Circulation?
Livepeer has a maximum supply of 22,906,951 LTP tokens and a total supply of 22,859,012 LTP tokens. The circulating supply is 21,164,655 LPT.
Of the total supply, founders and early team members split amongst themselves about 12.35%, which has a vesting period of 36 months from network launch. Another 19% of tokens were directed towards pre-sale purchases. The largest amount of tokens, 63.437%, was distributed towards crowd sales. Finally, 5% of the total token supply is reserved for maintaining the Livepeer network, ensuring the project’s future development.
How Is the Livepeer Network Secured?
As Livepeer is built on the Ethereum blockchain, the platform utilizes a modified version of a delegated proof-of-stake (DPoS) consensus mechanism. In a DPoS mechanism, there is no mining at all. Instead, the validation of new blocks on the blockchain happens based on the number of coins staked.
This is what differentiates Livepeer from consensus mechanisms as the one Bitcoin uses. While Bitcoin’s proof-of-work (PoW) mechanism requires a large amount of electrical and computing power, the DPoS systems are more ecologically conscious and easily scalable. Not only that, LIvepeer benefits from the extensive DApp universe already established by the Ethereum blockchain, which further boosts the usability of the network.
Where Can You Buy Livepeer (LPT)?
Livepeer (LPT) tokens are becoming an increasingly sought-after asset, which is why more exchanges are starting to offer trading pairs with the cryptocurrency. If you are looking to purchase LPT, your best bet is Gate.io.
Other recommended exchanges include: