Lucky Block Price Prediction: Why $0.0030 Could Drive an Uptrend?
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What is Lucky Block?
Lucky Block’s native cryptocurrency, LBLOCK, has a total supply of 100 billion LBLOCK. Almost 22.5 percent is available for presale, 10% for private sale, and 20% for team allocation. Whereas, 20% for partners, 2.5 percent for the Locked Liquidity Pancake Swap, 22.5 percent for marketing activities. Lastly, 2.5 percent for the development team.
- Winning payout
- Transaction fee payment
- Transaction pool management
- Lottery pool management
- Royalty fund for NFT
- Gaming
LBLOCK Price Review
Despite the fact that the lucky block token’s price has been on a downward trend since reaching an all-time high of $0.0096 on February 17. The cryptocurrency lottery platform’s price has increased by 31.95 percent to $0.003555 on April 4. The current Lucky Block price is $0.003555, with a 24-hour trading volume of $1,406,366.
However, its latest upward trend could be attributed to the latest developments in the lucky block token. Lucky Block recently announced a number of significant accomplishments and developments that may have an impact on the value of the LBLOCK currency.
By the way, when an investor purchases Lucky Block in the official Lucky Block Telegram group, the Lucky Block market capitalization and other price metrics are updated. Let’s take a look at major developments.
LBLOCK Launches Android Application
Lucky Block launched its Android application in March 2022. It’s allowing people all over the world to download and try the blockchain-based lottery-style game. The app has received certification for distribution in 150 countries, demonstrating that it complies with all applicable compliance regulations. The iOS version, according to the development team, is ready to be submitted to the Apple App Store. The price of the lucky block token increased as a result of the app’s release.
Lucky Block Version 2 – Lucky Block Price Prediction
Moreover, in February 2022, Lucky Block introduced version 2 of its network. It’s Ethereum (ETH) compatible and serves as a gateway to the vast universe of Ethereum assets, apps, users, and dealers. The team came up with a new tax approach to make the coin more “exchange-friendly” and increase its chances of being listed on big centralized exchanges.
Lucky Block has also announced the invention of its first non-fungible token (NFT), which may help the LBLOCK coin gain value more. In February 2022, the Platinum Rollers Club, Lucky Block’s first non-fungible token (NFT) collection, was released. There will be 10,000 NFTs available, each worth $1,500. Each NFT is assigned a unique serial number that acts as a life ticket into a daily lottery draw limited only to NFT owners. The increasing popularity of LBlock suggests that it may be the greatest new currency to invest in 2022. The development team at Lucky Block is searching for listings on renowned cryptocurrency exchanges like Binance, Crypto.com, and FTX. If these exchanges adopt LBLOCK, it will vastly expand the token’s accessibility to investors, perhaps leading to long-term price increases.
Steady Surge in LBLOCK
The price trend of Lucky Block (LBLOCK) shows that the token has been steadily increasing in value over the last several days. There are many suspicions that this coin is a scam because it is a new player in the crypto industry. LBLOCK has yet to prove itself as a good coin, in our opinion. The concept is original.
Only if you believe in the project, we feel you should invest in Lucky Block for the long run. There is potential for the LBLOCK price to be a profitable investment, but we don’t yet have enough media attention to appraise the project’s validity fully.
Lucky Block Price Prediction – Bullish Correction
Recalling our previous Lucky Block Price Forecast, the technical outlook hasn’t changed a lot. On Monday, the LBLOCK/USD coin was trading at $0.0034 with a slight bullish bias. During the previous week, LBLOCK/USD tested a double bottom support level of $0.0021. The coin bounced off to complete a 23.6% Fibonacci correction. If candles close above the 23.6% Fib level, Lucky Block is likely to be exposed to the next major resistance level of $0.0047.
This particular resistance level will be extended by a 38.2% Fibonacci level. A surge in Lucky Block demand can drive a further uptrend until $0.0058 or $0.0068, the levels that mark 50% and 61.8% Fib, respectively.
On the downside, the LBLOCK/USD coin’s immediate support level stays at the $0.00248 level. A sharp increase in selling pressure could result in a bearish breakout below the $0.0024 level. In that case, the LBLOCK price is likely to be exposed to the $0.0012 level. Consider buying above $0.0033 with a target of $0.0040 or $0.0047. That is all I have for the time being. All the best!
