Coin Bureau Data Says Big Investors Are Secretly Purchasing Livepeer

The host of Coin Bureau and a crypto influencer with a massive following has recently revealed that huge investors are secretly buying the Livepeer altcoin. The host is known as Guy and has told his one million subscribers that he has just noticed an inundation of new capital into Livepeer (LPT), through the Livepeer Trust of the digital asset management giant, Grayscale.

Coin Bureau Data Suggests Investors Purchasing Livepeer Altcoin Quietly

Talking about the Livepeer altcoin, it is a decentralized video streaming platform powered by blockchain on the Ethereum network. In addition to this, the project is targeted to introduce decentralization and blockchain to the developing streaming and live broadcasting industry. 

Moreover, as mentioned in its whitepaper it should be known that  LPT is a token of the Livepeer’s protocol but not the medium of the exchange.

Despite having tens of millions of dollars invested in it in recent months, the host pointed out that the token of Liverpool’s protocol has remained comparatively unnoticed by the crypto space.

He added:

“I find it seriously impressive that Livepeer has gotten as far as it has with such a small amount of funding. It has a functioning product with a decent amount of participation and clout in the crypto space, and the project is really just getting started. When going through Livepeer’s previous milestones and roadmaps, I couldn’t help but notice that they’ve stuck to the plan since the project began back in 2017. This makes Livepeer’s future promises that much more credible and it’s clear that big players are starting to see the potential of this protocol.”

General Demand for LPT Constantly Crushing

Hinting towards a massive rally for the LPT token, Guy said:

“You can clearly see the general trend for these metrics is certainly moving in the right direction. If this continues, I could see LPT pulling a 10x from its current price. And that’s because it has such a small market cap and no whales [are] waiting to dump their LPT.”