{"id":208132,"date":"2021-03-22T19:02:00","date_gmt":"2021-03-22T16:02:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/grayscale-listing-bump-emerges-as-livepeer-lpt-soars-to-a-record-high\/"},"modified":"2021-03-22T19:02:00","modified_gmt":"2021-03-22T16:02:00","slug":"grayscale-listing-bump-emerges-as-livepeer-lpt-soars-to-a-record-high","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/grayscale-listing-bump-emerges-as-livepeer-lpt-soars-to-a-record-high\/","title":{"rendered":"# Grayscale listing \u2018bump\u2019 emerges as Livepeer (LPT) soars to a record high"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a355562056ec\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a355562056ec\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/grayscale-listing-bump-emerges-as-livepeer-lpt-soars-to-a-record-high\/#Grayscale_forms_an_LPT_trust\" >Grayscale forms an LPT trust<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/grayscale-listing-bump-emerges-as-livepeer-lpt-soars-to-a-record-high\/#Network_activity_shows_signs_of_adoption\" >Network activity shows signs of adoption<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Grayscale listing \u2018bump\u2019 emerges as Livepeer (LPT) soars to a record high <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Every bull market is marked by a particular trend which which catalyzes and sustains the uptrend in asset prices. In late 2020 Ether (ETH)\u00a0led the way as the network saw a surge in activity due to the growing popularity of the decentralized finance (DeFi) sector and the expectation that the altcoin would rally into the Eth2 launch.\u00a0<\/p>\n<p>As further signs of institutional money entering the cryptocurrency sector increase, the \u2018Grayscale bump\u2019 has emerged as the newest &#8216;trend&#8217; which may trigger rallies in assets that are listed for addition to Grayscale&#8217;s family of products. This is exactly what h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened with Livepeer (LPT), a decentralized video streaming network built on the Ethereum (ETH),\u00a0 that was recently included in a new Grayscale trust. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-03\/98aba8b3-0c06-40e3-b88a-9207c9d35e54.png\"><figcaption style=\"text-align: center;\"><em>LPT\/USD 6-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/LPTUSD\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Data from Cointelegraph Markets and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/LPTUSD\/\">TradingView<\/a> shows that the price of Livepeer has catapulted more than 1,000% since it was first revealed as a token of interest for Grayscale Investments and the price has rallied from $1.77 on Jan. 21 to a new all-time high of $34 on March 20.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Grayscale_forms_an_LPT_trust\"><\/span>Grayscale forms an LPT trust<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The price rally for LPT kicked of on Jan. 21 when it was revealed that Livepeer was one of the projects that Grayscale had formed trusts for as the firm explored potential product offerings. <\/p>\n<p>On March 17, Grayscale Investments CEO Michael Sonnenshein helped ignite another rally for LPT after posting the following tweet which announced the official launch of new products offerings, including the Grayscale Livepeer Trust: <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">ANNOUNCEMENT: 5 new products have been added to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Grayscale?ref_src=twsrc%5Etfw\">@Grayscale<\/a> line up!<\/p>\n<p>Basic Attention Token <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BAT<\/a><br \/>Chainlink <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LINK<\/a><br \/>Decentraland <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MANA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MANA<\/a><br \/>Filecoin <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24FIL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$FIL<\/a><br \/>Livepeer <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LPT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LPT<\/a><\/p>\n<p>Interested? <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/YfK2YUKgCj\">https:\/\/t.co\/YfK2YUKgCj<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/jLqDph4MEH\">pic.twitter.com\/jLqDph4MEH<\/a><\/p>\n<p>\u2014 Michael Sonnenshein (@Sonnenshein) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Sonnenshein\/status\/1372170914549338114?ref_src=twsrc%5Etfw\">March 17, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The announcement sparked another 500% rally in the price of LPT over the next four days and helped drive the token to a new record high. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Network_activity_shows_signs_of_adoption\"><\/span>Network activity shows signs of adoption <span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While it was the Grayscale announcement that might have kickstarted the LPT rally, data from the Livepeer explorer shows that activity on the network has seen significant growth since August 2020, as seen in the estimated usage and fee volumes on the platform. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-03\/8eb2a12e-dae6-400c-b1f7-ce2282c4f81c.png\"><figcaption style=\"text-align: center;\"><em>Seven-day Estimated usage and fee volume on Livepeer. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/explorer.livepeer.org\/\"><em>Livepeer<\/em><\/a><\/figcaption><\/figure>\n<p>LPT token offers a variety of features aside from being used to transfer value, including the ability to stake the token to earn passive income or participate in governance voting to help direct the future direction of the ecosystem. <\/p>\n<p>Community members also have the ability to run a Livepeer node and transcode videos for the network using their GPUs in exchange for rewards paid in the form of ETH and LPT. <\/p>\n<p>As the internet continues to increase global interconnectedness and remote working becomes the new norm, video streaming is set to become a central feature for both professional and leisure activities.\u00a0Livepeer is well-positioned to offer a working decentralized solution to video streaming and rendering, which could lead to further price appreciation for LPT. <\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/grayscale-listing-bump-emerges-as-livepeer-lpt-soars-to-a-record-high\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Grayscale listing \u2018bump\u2019 emerges as Livepeer (LPT) soars to a record high &#8221; Every bull market is marked by a particular trend which which catalyzes and sustains the uptrend in asset prices. In late 2020 Ether (ETH)\u00a0led the way as the network saw a surge in activity due to the growing popularity of the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":208133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvMjMxYzY0NTItYzMxNy00MWUzLThmMTAtYzJmODE4M2I1MDE2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,74863,74891,76550,73785],"class_list":["post-208132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-cryptocurrencies","tag-ethereum","tag-grayscale","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/208132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=208132"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/208132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/208133"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=208132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=208132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=208132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}