LPT (Livepeer) rose 16.01% in 24 hours

Gate News Bot news, August 27, according to CoinMarketCap data, as of the time of writing, LPT (Livepeer) is currently priced at 6.87 USD, rising 16.01% in the last 24 hours, with a highest of 7.01 USD and a lowest of 5.77 USD. The 24-hour volume reached 145 million USD. The current market capitalization is approximately 301 million USD, an increase of 41.5 million USD compared to yesterday.

Important news about LPT recently:

1️⃣ Upbit listing drives LPT price surge After LPT was listed on the local CEX in South Korea, the price experienced a significant pump, with an increase of up to 150%. This listing event greatly enhanced the market capitalization and liquidity of LPT, attracting a large number of investors’ attention and becoming an important factor driving the recent rise in price.

2️⃣ AI-related concept tokens are in high demand As a decentralized video streaming platform, Livepeer is actively exploring the application of AI technology in video processing. With the overall strength of AI concept cryptocurrencies, LPT, as one of the representative projects in this field, has also gained favor from investors, driving its price rise.

3️⃣ Investment Strategy Adjustments Amidst the Background of the U.S. Election As the U.S. election approaches, investors are beginning to adjust their portfolios. LPT is seen by some analysts as a potential strong buy, believing that it will continue to perform well after the election results are revealed. This expectation has also supported LPT’s price performance to some extent.

From a technical perspective, LPT has recently broken through several important resistance levels, showing strong pump momentum. However, considering the significant rise in the short term, investors should remain cautious of potential pullback risks.

This message is not intended as investment advice, and investors should be aware of market volatility risks.