Livepeer and Osmosis Surge Amidst Bitcoin's Dominance Recession, Set for Further Gains

Livepeer (LPT) and Osmosis (OSMO) have surged 17% and 13% respectively, breaking past key resistance levels. LPT is eyeing a potential 60% upside to $36, while OSMO could gain 73% to $1.82 if it clears its next resistance at $0.92. Bitcoin's dominance decline has drawn attention to altcoins, positioning these two tokens for further growth.

Livepeer (LPT) and Osmosis (OSMO) have experienced remarkable growth in recent days, with Livepeer surging by 17% and Osmosis by 13%. These tokens have broken past key resistance levels, positioning them for further upward momentum [1].

Livepeer, an Ethereum-based decentralized video streaming service, aims to significantly reduce infrastructure costs for app creators [2]. It achieves this by distributing the resource-intensive task of transcoding video across participating computers on the network, offering incentives for users in the form of fees paid out in cryptocurrency. With over 1.6 million minutes of original content created and streamed on the Livepeer network in the last 30 days [2], it's clear that creators are embracing this decentralized solution.

The Grayscale Livepeer Trust, an investment vehicle launched by Grayscale in March 2021, reflects the growing interest in Livepeer. This trust allows investors to gain exposure to the LPT token without directly purchasing it on exchanges [2].

Osmosis, a decentralized exchange (DEX) built on the Cosmos Network, has also experienced impressive growth. Its native token, OSMO, has gained 13% in the past few days [1]. Osmosis offers a unique automated market-making (AMM) solution, allowing users to trade various assets directly from their wallets without the need for intermediaries [3].

The decline in Bitcoin's dominance has drawn attention to altcoins like Livepeer and Osmosis. As investors seek opportunities outside of Bitcoin, these tokens are well-positioned for further growth [1].

Livepeer's potential upside is estimated to be around 60%, with the token eyeing a potential price of $36 [1]. Osmosis, on the other hand, could gain 73% if it clears its next resistance at $0.92 [1].

In conclusion, Livepeer and Osmosis are two promising tokens that have experienced significant growth in recent days. With their unique offerings in decentralized video streaming and decentralized finance, respectively, they are well-positioned for further success in the rapidly evolving cryptocurrency market.

References:
[1] Decrypt. (2021, March 29). Livepeer (LPT) and Osmosis (OSMO) Surge: Unleashing the Potential of Decentralized Video Streaming and DeFi. https://decrypt.co/resources/livepeer-lpt-osmosis-osmo-surge
[2] Livepeer. (n.d.). What is Livepeer? Retrieved March 29, 2021, from https://livepeer.org/docs/what-is-livepeer/
[3] Osmosis. (n.d.). About Us. Retrieved March 29, 2021, from https://osmosis.zone/about