Livepeer Price Prediction: LPT surges 37% on OpenAI news as this innovative new AI cryptocurrency surpasses $450,000.

adminFebruary 19, 2024

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Livepeer price has surged 37% in the last 24 hours. Deal for $18.95 As of 7:33 PM ET, trading volume had increased 7% to $604 million.

This surge is fueled by the launch of OpenAI’s Sora, an AI model with the ability to convert text into video, highlighting the impact of cutting-edge technology on the cryptocurrency market.

Livepeer, an open live video streaming protocol, supports Sora’s mission to provide affordable video creation solutions to developers and content creators.

today @OpenAI We’ve revealed our research progress on our Sora-generated video AI model with some impressive demonstrations.
This helps show the world just how powerful generative video can be, and advancements in open models are happening faster than ever. But to create these videos… Requires https://t.co/srd1TkV3bY.
— Livepeer (@Livepeer) February 15, 2024

The Livepeer team has announced plans to soon integrate Sora’s features into its decentralized video platform. Livepeer (LPT) has surged 154% over the past week.

Livepeer price breaks from consolidation in unprecedented surge.

LivePeer Pricing

LPTUSDT Analysis by Tradingview

Livepeer price showed a breakout beyond the consolidation phase that lasted throughout 2023, marking a fierce battle between bulls and bears vying for dominance.

Despite a year-long struggle, the strong support zone at $7.53 gave the bulls the strength to surge beyond expectations and blow the price.

This breakout successfully broke the important resistance level of $13.95, demonstrating the strength of the bulls.

A subsequent retest of this level gave optimistic investors a springboard to push the price even higher, reaching the $21.03 level. However, at this point the bulls encountered resistance and the price fell.

Livepeer Price Indicator: Bulls Target $25 Mark

The current price trend indicates positive near-term and medium-term momentum, with the stock trading above its 50-day and 200-day simple moving averages (SMAs). Moreover, the moving average crossover at $7.75 further confirms the bullish sentiment about the Livepeer price.

The Relative Strength Index (RSI), a momentum oscillator, is showing a gradual upward trend, bouncing off the midline of 50 and trading at 82 in overbought territory, indicating strong buying pressure.

LivePeer Pricing

LPTUDT RSI Analysis by Tradingview

The MACD is also bullish at 2.75 with the blue trend line crossing the orange signal line above the midline. The histogram also indicates positive movement because the bars appear above the midline level.

LPT price is generally bullish biased as bulls are targeting a potential upside towards the $25 level in the coming days. However, if the bears continue their correction phase, there is a risk of selling into the protective support area of $13.95.

Meanwhile, investors looking for projects with significant growth potential may want to consider the new presale of Scotty the AI, an innovative AI-based cryptocurrency that has seen a notable surge in presales.

AI Scotty revolutionizes Meme Coin and cryptocurrency through AI integration

Artificial Intelligence Scotty We aim to position ourselves within the blockchain industry by providing multiple layers of AI innovation to change perceptions of security and fraud detection.

We already have a suite of AI-based products designed to help the community and bring real utility to meme coins.

Can Scotty the AI help crypto-based AI technology go mainstream? Investors Think So https://t.co/wPlPeXEyGI
— Scotty The Ai (@ScottyThe_Ai) February 18, 2024

At the forefront is Scotty Swap, a platform that facilitates seamless and rapid token exchanges. A complementary chatbot, ScottyChat, provides users with in-depth insights and analysis of the cryptocurrency market, allowing them to spot trends before they emerge.

SCOTTY Presale Price Surpasses $460,000, Buy Now

Scotty AI Pre-sale To date, more than $460,000 has been raised, reaching the goal of $542,839. Investors can purchase $SCOTTY tokens at a price of $0.0053 per token for approximately 11 days before the price increase.

$Scotty Presale Phase 4 is underway and will end soon.
👉Join the pre-sale here https://t.co/zRmy4g8hfW
Why AI-centric cryptocurrency project Scotty The AI (SCOTTY) could leave a big mark on the industry https://t.co/aJM1zXUjgP
— Scotty The Ai (@ScottyThe_Ai) February 16, 2024

The platform also offers a staking option that allows investors to stake $SCOTTY tokens with an Annual Percentage Yield (APY) of approximately 274%. However, this percentage value continues to decrease as staking continues. To benefit, you must purchase and stake tokens early.

Crypto analyst and YouTuber Jacob Bury was impressed by Scotty’s AI, Scotty’s unique combination of meme coins and AI performance, and said the token has 10x potential once it launches.

You can purchase SCOTTY tokens directly by participating in the pre-sale. Scotty AI official website, where you can exchange ETH or USDT for SCOTTY. You can also use a bank card.

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