Since August 5th, 2023, up until the current date of August 14th, 2023, there has been a substantial increase in the price movement of LPT, marking a notable surge of 104.74%.
The surge in LPT's value can be attributed to a significant sentiment boost following Coinbase's adoption of the LivePeer platform. This was highlighted by the recent event "Onchain Summer Stories," graced by the presence of Brian Armstrong, Coinbase's CEO, alongside the blockchain community and Layer 1 Base developers.
This sentiment injection triggered an exceptional rise in LPT's price. However, beneath this positive trend, there exists the potential for a corrective phase following the conclusion of the Onchain Summer Stories event, as the initial euphoria begins to dissipate.
Currently, LPT is constrained within the Fibonacci 0.618 area, and it is projected to experience a correction to around $6.22, with a potential decrease of approximately -17.43%.
The surge in LPT's value can be attributed to a significant sentiment boost following Coinbase's adoption of the LivePeer platform. This was highlighted by the recent event "Onchain Summer Stories," graced by the presence of Brian Armstrong, Coinbase's CEO, alongside the blockchain community and Layer 1 Base developers.
This sentiment injection triggered an exceptional rise in LPT's price. However, beneath this positive trend, there exists the potential for a corrective phase following the conclusion of the Onchain Summer Stories event, as the initial euphoria begins to dissipate.
Currently, LPT is constrained within the Fibonacci 0.618 area, and it is projected to experience a correction to around $6.22, with a potential decrease of approximately -17.43%.
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wait for short area, i'll update soon