Livepeer (LPT): A Promising Decentralized Video Streaming Protocol with Long-Term Potential

The Livepeer (#LPT) protocol, built on the Ethereum network, is a decentralized solution for streaming video. It has a profile score of 62%, a community sentiment of 87% positive and 13% negative, and has been on the market since December 2018. The project’s market cap stands at approximately $499 million, showing a rising trend, with a 24-hour trading volume of around $2.8 billion and an FDV close to $500 million. The circulating supply is nearly 100%, and the price has been steadily increasing since its launch. Founded by experienced entrepreneurs Dugh Petkaniks, with a background in Groupon, Wildcard, Accenture, and co-founder of Hyperpublic and Wildcard, and Erik Tang, formerly of Next Jump and Clickable, the project boasts comprehensive documentation, including a detailed White Paper and a roadmap for development. With 201 repositories on GitHub, developer activity remains consistent. However, Livepeer faces stiff competition from centralized video transmission protocols, lacks significant partnership relations, and exhibits low activity in social media platforms among users and developers. Nonetheless, its consistent performance, ongoing development, and competitive positioning make it a promising long-term investment. Investors are advised to consider adding Livepeer to their portfolios based on personal judgment,