NFT $1M Giveaway Is On May 31st – Time to Buy Lucky Block?
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- LBLOCK price of a bullish run amid NFT’s $1M Giveaway that will take place on May 31st (8:00 PM BST).
- Crypto gaming company recently announced that it had begun work on expanding its game library.
- Only one million dollars will be awarded to NFT owners; with approximately 2,500 NFT holders
The Lucky Block crypto gaming platform is launching this month, and as a result, the price of its coin is skyrocketing. Customers are lining up to participate in its much-anticipated daily jackpot prize draw, which will go live before the end of May. The current Lucky Block price is $0.002658, with a 24-hour trading volume of $582,785. Lucky Block gained 2.82 percent in the previous 24 hours. The current market cap is unavailable, and the market rank is #3222. There is no circulating supply of LBLOCK coins, and only 100,000,000,000 are available.
$1 Million Lucky Block NFT Giveaway is On May 31st
Price Momentum is Being Driven by Product Launch
Lucky Block’s price increase is a testament to the company’s vision and drive to create a mass adoption crypto product with immediate and rising revenue streams. The release of the web app will be a significant milestone for the project because it will be the first of many products that will help push Web3 into the mainstream. The web app and product development will be updated during today’s 4 p.m. Telegram AMA with Terence Ribaudo, Lucky Block’s head of product. Meanwhile, the bullish trend in the crypto market tends to favour most crypto coins, including LBLOCK.
Working on the Most Recent Projects
Bitcoin and US Dollar
The return of Bitcoin to $30,000, as well as the closing of a daily candle above that level, has increased the value of many altcoins, including Lucky Block (LBLOCK). Meanwhile, the weaker US dollar was seen as one of the main reasons why coin prices remained high.
The US dollar fell on the day as investors continued to sell, reducing bets on further dollar gains from rising US rates while becoming optimistic that removing Chinese trade restrictions could benefit the global economy and exporters’ currencies. Even as Asian stock markets shook, US equity futures surged in Asia, dragging risk-sensitive currencies with them.
Lucky Block Technical Outlook – Triple Top Resistance at $0.0028
The LBLOCK token price has bounced off the major support level of $0.0018. Recalling the previous forecast, the LBLOCK has traded exactly in line with the LBLOCK price prediction and soared dramatically after completing the 61.8% Fibonacci retracement at the $0.0018 mark.
A large portion of the buying in LBLOCK is driven by the faded risk-off sentiment that’s driving an uptrend in the crypto market. Thus, the oversold LBLOCK triggered a bullish correction.
At the moment, LBLOCK is extending solid resistance at the $0.0028 mark. A break above this level may drive an additional uptrend. The next resistance for LBLOCK is held at around $0.0035 and $0.0039.
What If LBLOCK Stays Under $0.0028?
The LBLOCK/USD coin’s immediate resistance stays at $0.0028. If selling pressure increases significantly, a bearish breakout below $0.0024 is possible. As a result, the LBLOCK price is likely to fall to $0.0018 or $0.0012. Consider buying above $0.0028 and vice versa. Good luck!