I EXPLAIN IT SIMPLE🟡, WHAT IS THE LPT CRAZE?

🧠 What is LPT?

LPT is the native token of Livepeer, a decentralized platform based on blockchain that enables video transcoding. In simple terms, Livepeer aims to reduce costs and decentralize the process of converting videos to different formats for online streaming. Users can participate in the network by providing computational resources and, in return, receive rewards in LPT.

📈 Why is LPT on the rise?

In the last 24 hours, the price of LPT has experienced a significant increase, reaching approximately $12.74 USD, which represents an increase of around 130%. This surge is mainly attributed to two factors:

1. Listing on Upbit: The inclusion of LPT on Upbit, one of the leading cryptocurrency exchange platforms in South Korea, has generated an increase in demand and trading volume.

2. Institutional interest: The inclusion of Livepeer in Grayscale's cryptocurrency sector focused on artificial intelligence has caught the attention of institutional investors, contributing to the price increase.

⚠️ Considerations

Although the price increase is notable, some technical indicators suggest caution. The relative strength index (RSI) is at overbought levels, which could indicate a possible short-term correction.

✅ Conclusion

$LPT is experiencing a boom due to its recent inclusion on Upbit and the growing institutional interest. However, it is important to stay alert to potential corrections in the price. As always, thorough research is recommended before making investment decisions.