LPT—First, you need to say this number: In the past day, the entire network only collected $750 in fees; the project’s own revenue is zero.
LPT provides decentralized video transcoding. People outsource the task of processing videos to nodes in the network, paid for with Ethereum. It’s competing with cloud service providers like Amazon and Google for business. Now the story is shifting toward AI video processing, trying to ride the wave of AI hype.
For a project trying to compete with big companies, $750 in daily fees is pitifully small—suggesting that there are still far too few users actually processing videos with it.
At the current price of $1.44, it’s down nearly 17% today. It previously surged to a historical high of $94; now it’s trading for just a fraction of that.
Support is around 1.2; resistance is in the 1.8–2 range, near recent prior highs.
My view is this—while the AI video story sounds good, the actual usage numbers are too meager. The narrative hasn’t translated into real demand. At this level, I don’t recommend chasing longs. Wait until you truly see fee revenue picking up; otherwise, you’re just catching the story and becoming the bagholder.
#LPT $LPT