In a remarkable feat, Livepeer (LPT), a key player in decentralized video streaming, has surged an impressive 57% in the last 24 hours, hitting $15. This surge is attributed to Livepeer’s collaboration with OpenAI on the Sora generative video AI model, aiming to showcase advancements on the Livepeer network.
Livepeer’s community is actively working to create accessible entry points for developers, creators, and users in the generative video space. Notable milestones include partnerships with Filecoin to transform miners into video nodes and collaboration with The Graph as one of the first 10 mainnet migration partners in 2023.
Crypto Panda’s Positive Outlook
Crypto Panda recently expressed bullish sentiments about LPT over meme coins and speculative altcoins.
This optimism is based on Livepeer’s recognition in Messari research for its “Depin” edge computing solution, positioning it as a beneficiary of the buzz around AI/OpenAI video models. Crypto Panda also highlights Grayscale’s 5% stake and significant funding from top VCs against a modest $316 million market cap.
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LPT Price Analysis
Team LAMBO Charts notes a breakthrough as LPT breaks a significant trendline since September 2022, triggering a notable 57% surge in the last 24 hours.
They set ambitious targets with a long-term goal of $100, indicating a potential 700% increase, and shorter-term objectives of $20 and $50 well within reach.
The Future is Bright
With growing interest and a consistent price surge, Livepeer’s significance in the world of internet videos is undeniable. The future looks promising as Livepeer continues to captivate the market.
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