Cryptocurrency News

How Livepeer Traders Got a Sneak Preview of the imminent 300% Price Boom

Crypto merchants can take any edge they can get. From fundamental research on long-term prospects to short-term price pumps created by new exchange listings, the 24/7 digital asset market provides opportunities for investors and traders of all stripes.

But this week, traders who join Cointegraph Markets Pro Vortex ™ Score There was a special reason to celebrate the volatility inherent in their research that disturbs risk-averse traders… and experienced crypto professionals Pop Champagne Cork.

The Ethereum-based local token LPT of the decentralized video streaming network LivePear has seen some extraordinary ups and downs over the past three months. Priced at less than $ 2.00 in mid-January, it Climbed the news That Grayscale Investments, one of Digital Asset Investment’s blue chips, was set to launch LPT Trust.

Another pump arrived on 17 March, in which Official recognition About the news that saw the token around $ 30 in her then-ATH. In early April, it was close to $ 40 News Listing OKEX.

The rest of April and early May were largely uneven for LivePear, before a series of rapid news once again saw the tokens reach their current highs above $ 44 on May 11.

As the graph below Rome Cointegraph Markets Pro shows, that rally was strongly driven by two announcements given to users of the platform as instantaneous NewsQuake ™ notifications: listings on the Bithumb Exchange and SGD on Gemini Start of trading (red circle in graph).

Livepeer on monthly chart Coin Telegraph Market Pro

And then, bitcoin and the entire crypto market collapsed… a major crash with LivePier.

The outlook for the asset was clouded as the LPT raced downward almost uninterrupted, taking it from its all-time high of $ 44 to a low of $ 11 registered on May 24.

Finally, the week brought good news which reversed the negative trend. Vortex ™ score, An algorithmic comparison of historical and current market conditions, has identified historically favorable conditions for LPTs, in particular for CoinTelegraph Markets Pro – giving members a heads-up that the actual reversal of the tide leads to many Speeding conditions were identified hours ago.

Score before the storm

Livepeer weekly chart on Coin Telegraph Market Pro

The chart above the VORTECS ™ score line of the coin rose to 81 in dark green (the first red circle), while the price was still looking for a low of around $ 11. The VORTECS ™ score above 60 generally reflects a pattern of market and social activity that preceded a significant increase in asset price in the past 12–62 hours in the past.

This spike Livepeer’s. coincides with Tweet A new weekly record high in terms of unique video transcode length – a real-world development that could explain to investors that the property was not valued.

Several hours later, the price began to climb (the first red box), eventually reaching $ 24 on May 26. While still en route to this local peak, the VORTECS ™ algorithm score again exceeded 80 (the second red box), suggesting that previous runs were thus usually the second leg. Indeed, several hours later a small aftershock arrived, which ranged from $ 32 to about $ 36.

The outlook for LPT is quite fast, as May 28 saw another two high-profile listing announcements: one to Binance, And other than Kraken.

sure enough, Market supporter Thanks to Lightning-fast NewsQuakes ™ delivered via mobile notifications and in-browser alerts, members are placed in the front row for both. Even before these two announcements hit, LivePier was up 144% this week, and clearly the coin’s gloomy streak is over for now.

Cointegraph Markets Pro is available Exclusively for members $ 99 per month on a monthly basis, or annually with two free months. It maintains a 14-day money-back policy to ensure it meets the crypto trading and investment research requirements of customers, and members can cancel anytime.

Cointegraf is the publisher of financial information, not an investment advisor. We do not provide personal or personal investment advice. Cryptocurrencies are volatile investments and carry significant risks, including the risk of permanent and total losses. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or otherwise specified. Live-test strategies are not recommendations. Consult with your financial advisor before making financial decisions. Full terms and conditions.

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Avinash is a blogger, Enterprenuer, marketer and author. He is very good affiliate marketer and Product Reviewer.