Livepeer (LPT/USDT) is seeing significant hype today due to a strong price surge. The token has jumped about 25% in the last 24 hours, reaching a high of $3.88 from a low of $2.95.
Price Performance
LPT/USDT opened at $3.01 and closed the previous day at $2.83, with trading volume spiking to over $254 million—well above its average. This marks it as a top gainer in the crypto infrastructure sector, fueled by bullish momentum and whale accumulation signals on platforms like Binance.
Reasons for Hype
Traders on Binance Square highlight a breakout above key EMAs (like EMA7 at $3.07), with high volume confirming buyer control and targets set at $3.70–$4.00. Recent posts describe it as an "infrastructure giant breaking out," with strong rebounds from supports around $2.79–$2.89.
Market Context
Despite a year low near $2.74, LPT's market cap sits at $172 million, and sentiment remains optimistic amid broader crypto volatility. Community buzz emphasizes potential for further upside if it holds above $3.50 resistance.
