Memecoin

Polkadot

Livepeer

<p>The native token of decentralized video infrastructure protocol Livepeer (LPT) has staged a massive breakout today. According to noted <a href="https://twitter.com/TehLamboXcharts/status/1758422798827946345" target="_blank" rel="noopener noreferrer nofollow">crypto analyst Team LAMBO Charts,</a> LPT has now decisively moved above a key descending trendline that had been capping its price action since September 2022.</p>
<p>In the wake of this technical breakout, LPT prices have spiked as much as +57% in just the last 24 hours of trading. Team LAMBO Charts believes this surge is just the beginning, with profit potential of up to $100 in the long term, which will be close to 700% pump. They see shorter-term targets of $20 and $50 being reached first.</p>
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<p><strong>Fundamental Tailwinds for LPT Adoption</strong></p>
<p>The technical breakout has coincided with growing buzz around Livepeer and its underlying video infrastructure technology. In a recent tweet, <a href="https://twitter.com/cryptopanda68/status/1758427822635335691" target="_blank" rel="noopener noreferrer nofollow">analyst Crypto Panda</a> outlined several reasons why they are bullish on LPT over memecoins and other speculative altcoins:</p>
<ol>
 <li>Livepeer is highlighted in Messari research for its innovative “Depin” edge computing solution</li>
 <li>Beneficiary of AI/OpenAI video model hype and developer activity</li>
 <li>Backing from Grayscale’s 5% stake offers potential tailwind if included in future crypto ETF</li>
 <li>Signs of accumulation and bottoming market structure for LPT</li>
 <li>Over $50 million in funding from top VCs against modest $316 million market cap</li>
</ol>
<p>With fundamentals and technicals aligning, Crypto Panda believes LPT warrants consideration as crypto markets appear to be resetting and gearing up for the next bull cycle.</p>
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<p>The post <a href="https://captainaltcoin.com/livepeer-to-surge-650-after-breaking-17-month-resistance-why-you-should-be-bullish-on-lpt-over-any-memecoin/" rel="noopener noreferrer nofollow">Livepeer to Surge +650% After Breaking 17-Month Resistance: Why You Should Be Bullish on LPT Over Any Memecoin</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Livepeer to Surge +650% After Breaking 17-Month Resistance: Why You Should Be Bullish on LPT Over Any Memecoin

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