There is no shortage of good projects in the crypto industry. For this trading session, the broadcasting cryptocurrency, Livepeer explodes on the market. Its daily performance exceeds 30% growth. For what seems like a great buying opportunity, crypto is quite undersized in terms of its potential. So, Focus on the course and the project behind Livepeer or LPT Crypto.
Unlike the stock market where there are proven tools and techniques that can confirm or deny if a stock is undervalued. Price to earnings ratio, debt ratio, return on capital, price-to-book ratio and so many more are indicators that help determine the true value of a stock.
For cryptocurrencies, experts generally use two elements to assess the potential of a project. There is the ratio of tokens in circulation to the maximum supply. This criterion makes it possible to rule on the scarcity of tokens. Next, the practical application of the project in the real world which tends to determine its usefulness in the sector.
Livepeer: The decentralized solution for broadcasting
A study by GrandView found that the Streaming and Broadcasting industry could represent a market of $ 184.3 billion in 2027. In the LPT Crypto background paper written by crypto founders Doug Petkanics and Eric Tang:
The Livepeer project aims to provide a live video broadcast network protocol that is fully decentralized, highly scalable, driven by cryptographic tokens, and that results in a solution that can serve as a live media layer in the decentralized development stack (web3 ). In addition, Livepeer is intended to provide an economically efficient alternative to centralized broadcast solutions for any existing broadcaster.
To achieve their goal, Livepeer uses a two-layer consensus algorithm. The first layer participates in securing works on the network. The second layer allows the distribution of works to all participants of Livepeer Network.
A deflationary crypto with a token offer of the order of BTC
LPT Crypto has a very small supply of tokens. To be more precise, the max supply of the crypto is capped at 22,859,012 tokens. According to data provided by CoinMarketCap, there are 21,164,655 circulating in the market. So he would just have about a million tokens to mine to reach the Max supply. Which pleads for the argument of the scarcity of the LPT token.
Even more interesting, there are nearly 12 million LPT tokens locked for staking according to data collected on the Livepeer site. In reality, there are only 10 million tokens available on the exchanges.
The crypto LPT is currently traded at $ 27. Its price is up 30% on the day. On a weekly basis, the crypto rose 52.9%. It still remains at less than 40.4% of its multi-year ATH. But, the intraday trading volume is up 841.57%.
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