The Daily Breakdown’s Crypto Corner takes a closer look at Livepeer and Synthetix, before taking a look at the charts for Bitcoin Cash.
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Crypto Corner
We’re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the 110+ cryptoassets offered by eToro. Today we’ll discuss Livepeer and Synthetix.
Livepeer (LPT): Currently trading near $2.07 with a market cap of ~$103 million
Livepeer is a decentralized video streaming protocol that uses idle computing resources for video transcoding. Network participants stake or delegate LPT to orchestrators, who compete to process broadcaster workloads and earn rewards. LPT supports governance, staking, delegation, and network incentives, not equity, dividends, or profit-sharing rights. While Livepeer Inc. helped launch the protocol, ongoing value is driven by orchestrators, developers, users, and token-holder governance rather than centralized management.
Synthetix (SNX): Currently trading near $0.30 with a market cap of ~$101 million
Synthetix is a DeFi protocol for creating and trading synthetic assets backed by over-collateralized SNX. Users stake SNX to mint assets that track crypto, forex, commodities, and other markets, while earning fees for active participation. Governance runs through multiple DAOs, including the Spartan Council and ProtocolDAO. SNX does not provide equity, dividends, ownership rights, or passive profit-sharing; its utility is tied to staking, collateral, governance, and synthetic asset infrastructure.
Check out these crypto offerings — and many more — on eToro’s Discover page and consider adding them to your watchlist. LPT and SNX are not currently available for NY users. Learn more.
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The Setup — Bitcoin Cash
Bitcoin Cash briefly stabilized near its 200-week moving average earlier in the week, but has since broken below this long-term measure. Instead, bulls are looking to the $270 to $300 range, which has been a significant support/resistance level dating back to 2023. This concept was a key focus in our most recent Technical Analysis Boot Camp.
Disclaimer:
Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.