LBLOCK $1M Giveaway Ticket Sale Begins Today– Time to Buy Lucky Block?
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- Lucky Block $1Million crypto jackpot prize draw ticket sales began today, May 30.
- The current Lucky Block price is $0.002516, with a 24-hour trading volume of $491,696.
- Recent bullish engulfing candlestick is likely to lead LBLOCK price north towards $0.0030 and $0.0044.
The Lucky Block $1Million crypto jackpot prize draw ticket sales began today, May 30. The winner of the main draw jackpot will be announced and paid at 20:00 BST on Tuesday, May 31. (19:00 UTC). In addition to the main draw, which begins with a $1 million prize, there will be a $1 million NFT draw for Lucky Block NFT owners. As a result, the coin’s value has skyrocketed.
Customers are lining up to participate in the company’s highly anticipated daily jackpot prize draw, which has just gone live today on Tuesday. The current Lucky Block price is $0.002516, with a 24-hour trading volume of $491,696. Lucky Block has increased by 23.28 percent in the last 24 hours. The current market ranking is #3231, with no live market cap provided. There is no circulating supply and only 100,000,000,000 LBLOCK coins are available.
Free Lucky Block Crypto Entry Tickets Stimulate Interest in Web3’s Product
Since the main prize draw includes a free entry ticket option, the overall prize pool of $2 million in LBLOCK tokens has sparked interest in the crypto sector as well as among ordinary customers. When a blockchain snapshot is taken 24 hours before the draw, anyone with more than $500 in LBLOCK tokens will receive one free ticket. Customers can also enter for free by sending in a postcard.
As participants try to improve their chances of winning draws by purchasing tickets, free entry is likely to result in higher ticket sales volume than would otherwise be the case. The number of tickets that can be purchased is not limited. The price of the LBLOCK token has been rapidly rising in anticipation of the start of the jackpot prize draws.
It’s also worth noting that both the $2 million prize pool and the separate $1 million NFT jackpot award are set for May 31. Participants simply need to purchase an NFT ticket – or use LBLOCK tokens to earn a free ticket to the larger draw – to participate in one or both.
New Projects in Development
The cryptocurrency gaming company recently announced that it was expanding its game portfolio. First, the gallery will host a series of high-value giveaways, including luxury watches and automobiles. Then there will be a flood of games to choose from in order to make money. Since the end of January, the Lucky Block token has only been available for purchase. Given the current state of cryptocurrency, the price strength of LBLOCK is even more surprising.
Bitcoin & US dollar
Bitcoin’s recovery to $30,000 has boosted many cryptocurrencies, including Lucky Block. Meanwhile, the rising cost of the coins has been attributed to the US dollar’s depreciation. On Monday morning, the dollar was lower in Asia, extending losses from the previous week and heading for its first monthly drop in five months. As fears of a global recession have subsided, investors have reduced their expectations that rising US interest rates will fuel further rises.
Lucky Block Technical Outlook -23.6% Fibo Retracement in Play
On Monday, LBLOCK is trading with a slight bullish at the $0.0024 level, and it’s heading toward the 23.6% Fibonacci retracement level of the $0.0030 level. A break above the $0.0030 level exposes the LBLOCK price towards the 38.2% Fib level of $0.0044.
The price of the LBLOCK token is facing a hard time violating the significant resistance level of $0.0030. Closing of candles under this level is putting short-term selling pressure on LBLOCK. However, the current bearish movement can also be a mere bearish correction.
For the movement, the Lucky Block token is trading just in between the resistance and the support zone. It’s likely to find immediate support near $0.0020. A bearish breakout below $0.0020 is possible if selling pressure increases significantly. As a result, the price of LBLOCK is expected to fall to $0.0013 or $0.0010. However, the recent bullish engulfing candlestick is likely to lead LBLOCK price north towards $0.0030 and $0.0044. Consider buying at or above $0.0020 and selling below $0.0030. Best wishes!
