A new player has emerged again in the crypto world. This time, the idea is related to lottery and gambling. The Lucky Block (LBLOCK) project describes itself as a crypto lottery platform where everyone is a winner. It intends to implement a worldwide lottery with players across the nations using blockchain protocols. But is this project something that you should really be interested in? After all, crypto and gambling surely sound like a perfect recipe. So, let’s take a look at this latest crypto project and see if it is as good as it sounds. Let’s get started!
Lucky Block Overview
| Cryptocurrency | Lucky Block |
| Ticker Symbol | LBLOCK |
| Price | $0.001073 |
| Price Change 24h | +20.83% |
| Price Change 7d | -7.19 |
| Market cap | $92,351,164 |
| Circulating Supply | 37,231,694,919Â LBLOCK |
| Trading Volume | $496,362 |
| All time high | $0.009617 |
| All time low | $0.0006616 |
| Lucky Block ROI | No Data |
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What is Lucky Block (LBLOCK)?
Lucky Block describes itself as a worldwide crypto lottery token that implements blockchain protocols and operates on top of the Binance Smart Chain. In these cryptocurrency markets, the LBLOCK project is headed by its CEO Scott Ryder. The project says that it aims to increase transparency and fairness in online gambling. Online wagering has been accessible with the rise of the internet and smartphones. The objective for the team is to create a Lucky Block lottery system offering better win odds for the player while providing a sound strategy for the token holders who are working towards contributing to the Lucky Block community. This also enables further transparency as the initiative of the crypto lottery project can start to compete with local financial systems for gaming.
Features of Lucky Block
The biggest feature of Lucky Block (LBLOCK) is its tagline, i.e., Everyone’s a winner. This doesn’t make sense initially, as the lottery systems always have a single winner. The thing that makes everyone a winner is a fact that whether or not you are playing the lottery, as an LBLOCK token holder, you automatically receive dividends of every jackpot with respect to the holding amount of the user. Since 10% of every jackpot is redistributed to the holders, it provides holders with a way to earn just by holding the tokens. But it is mentioned on the website that for this to happen, a user must connect their wallet with the lottery app of Lucky Block to get this benefit.
Why Choose Lucky Block?
The Lucky block uses a simple method for creating a lottery system. It charges $5 for a lottery ticket which is paid with Lucky Block (LBLOCK) tokens. It allows this purchase for any user regardless of where they are bound geographically. They are starting with daily draws and planning to build it up to two draws per day. Then, using a random number generator, a winning ticket is selected to which the lottery prize is allocated.
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It has a simple business model. The ticket sales and transaction fee charged funds the jackpot scheme being implemented. The jackpot prize pool is divided among the winner, charity, token holders, and the Lucky Block platform. The transaction fee of 12% is levied on all sales on decentralized exchanges. And, it bypasses regulatory hurdles by using a cryptocurrency that does not require them to report any user-sensitive data to anti-money laundering authorities. However, they are still working with Malta Gaming Authority which can help them comply with new rules and regulations in the event that the platform becomes a success.
LBLOCK Technical Analysis
Since the asset Lucky Block was listed only the past month, there isn’t much information available for the LBLOCK crypto. But we have used the available historical data to know the predicted future of Lucky Block price. The current price of Lucky Block is around $0.00592, and the current Lucky Block price is above its 20-day moving average.
The performance of LBLOCK is not incredible, and neither is it sub-optimal. The price of Lucky Block maintained a nice upward trajectory for the most part in just a month. The initial rise in the price was due to the token going public for the first time. After hitting a low of $0.001 on February 01, 2022, the price of Lucky Block recovered and started to build upward momentum, finally reaching the price of $0.009 on February 17, 2022. Since the token is still in the early phase, the volume rise is easy to see as more and more investors have come in to buy the LBLOCK token. It is expected that the coin will continue to rise in price. After two months, traders can start using the RSI indicator to correctly trade the Lucky Block crypto with proper price levels without predicting the highest price or other price metrics. The current price of Lucky Block is trading around $0.0059. The current fully diluted market cap is $572,386,304.37.
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Lucky Block Roadmap
The Lucky Block worked in four phases. The first phase involved developing the website, discord, and social media community along with the deployment of the Lucky Block token. It also meant that they had to have a marketing strategy in place and identify influencers to attract new potential investors. The second phase is the launch of the TFL campaign and raising brand awareness in London and Manchester. The presale price will be decided, and the digital asset will be able to connect the wallet using price standards. The project’s third phase was to list on PancakeSwap and develop the Lucky Block app. The third phase also includes deploying ads on Facebook and other media to drive up the campaign awareness in the general public. The fourth phase is not yet complete as it hopes to incorporate metaverse and online gaming and create a strong paid advertising campaign.
From its looks, Lucky Block seems to be focusing on rapidly expanding its presence and driving up the asset value by appearing more attractive to the crypto community and the cryptocurrency traders and investors.
Lucky Block Partnerships
The team has collaborated with Finixio and The Manc Group. Finixio is a London-based media company that covers topics in the finance, cryptocurrency, and technology space. It runs 50+ financial news websites and has 4.5 million unique visitors per month. The Manc Group is also a popular local social publisher that knows how to keep its audience entertained. The team has partnered with these groups to focus on marketing and increase the market visibility of its products and services.
Experts’ views on Lucky Block Price Prediction
Experts are a little skeptical regarding the authenticity of the project. Since the gambling industry is filled with regulatory hurdles, it makes sense for the project’s creators to avoid them using blockchain technology. But this begs the question of how much you can trust a project that is avoiding laws. If a project is genuine, it should have no problem following the procedure. Well, the thing is that these procedures can take years to complete. To go public, one can use blockchain as an easy way to get the product to the public. In any case, it is better to be safe than sorry. Experts advise risking enough money in the Lucky Block that you are willing to lose, and don’t gamble your life savings on sketchy crypto.
Priceprediction.net has a positive outlook on the LBLOCK token. The optimistic view will basically quadruple your investments in the LBLOCK in just a few years. Fundamentally speaking, it is a great idea to revolutionize the lottery systems and gambling industry. Maybe the creators are just inexperienced with how to publicly present information to the public to gain trust and provide information that is integral to the average investor.Priceprediction.net
According to Lucky Block price prediction, the LBLOCK price may reach $43.520 next year. The average price prediction is $30.463.Wallet Investor
Based on Lucky Block price prediction, the LBLOCK price might reach $0.0151 in the next five years in 2027.Digital Coin Price
As per the Lucky Block price prediction, the LBLOCK price is expected to hit $0.089 by the next year.GOV Capital
According to the Lucky Block price prediction 2022, the LBLOCK price might reach $0.008481. The average price is predicted to reach $0.00678.Crypto Predictions
Lucky Block Price Predictions: 2022-2026
We have compiled a list of price predictions for the Lucky Block token. Note that these forecasts do not give accurate information or correctly predict future prices. The past performance is not indicative of the future price values and this should not be considered investment advice. To get more information, we have used data modeling algorithms and historical data available, but that doesn’t guarantee the price movement projected here. As an investor, do your own research and understand the market risks before engaging in market activities. Use proper risk management and position sizing to limit your risk exposure, keep your profits, and use a solid investment strategy. With that out of the way, here are the price predictions for the Lucky Block price predictions.
Lucky Block Price Prediction 2022
Since the LBLOCK coin was listed this year, the minimum price is the price level at which it was listed. The current trend also does not indicate any signs of making a new low. According to the Lucky Block price prediction 2022, for this year, at best, the minimum price value predicted of LBLOCK is expected to be near $0.008. The average price is also the same, with a maximum price of $0.009. What this indicates is that the price is going to stay relatively stable throughout this year and potentially next year as well.
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Lucky Block Price Prediction 2023
The technical analysis usually doesn’t take into account sentiment changes. For this reason, it is anticipated that the minimum and average price for the Lucky Block token will be the same at $0.011 for the year 2023. The maximum price the token can reach for 2023 is $0.013 and the volatility is expected to stay quite stable.
Lucky Block Price Prediction 2024
As the product gets better, considering the project is not a scam, the optimistic outlook for the Lucky Block (LBLOCK) token puts its minimum price near $0.015. The average price is expected to be around $0.016, and the new all-time high for this year is projected to be around $0.019.
Lucky Block Price Prediction 2025
According to price prediction, considering three years of positive coverage from media and influencers, the Lucky Block (LBLOCK) price is predicted to reach a minimum of $0.021 price value for 2025. The maximum price value projected for this year stands around $0.026, with an average price of $0.022.Â
Lucky Block Price Prediction 2026
As per Lucky Block price prediction, it is anticipated that this year may expect some sideways trend for the Lucky Block (LBLOCK) crypto. The minimum price value for this year is projected to be around $0.032 and a maximum price of $0.037. Since the market is trending sideways this year, according to the technical analysis, this may be a sign of investors dumping their shares and buying back when a pullback happens.
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Frequently Asked Questions (FAQs)
When did Lucky Block start?
LBLOCK originally started its trading from the last month.
Where to buy Lucky Block tokens?
LBLOCK crypto coins are available for purchase on decentralized and centralized exchanges. Some of the options are PancakeSwap exchange and Lbank. As of now, the Lucky Block team is working towards listing its token on other crypto exchanges, and the official website maintains that information and how to use trust wallet. The current listing of Lucky Block (LBLOCK) is very limited and buying the token is a hassle. But the official website does contain instructions that can guide an average user on how to buy LBLOCK tokens.
How is Lucky Block secure?
Lucky Block uses a Blockchain distributed database to create public ledgers and prevent information tampering. The website doesn’t really go into the process of explaining how the token works and what mechanisms are in place. From the looks of it, it looks like the website documentation doesn’t focus on listing the mechanism of token workings.
How much is the LBLOCK worth?
The current fully diluted Lucky Block market capitalization stands at just over $598.9 million with the last 24-hour trading volume at $7.9 million. Some websites don’t list the current market cap because it is relatively new and has fewer data available such as market cap, total supply, market capitalization, etc. According to the available documentation, the max supply is capped at 100 billion LBLOCK tokens. As of now, 1 LBLOCK Lucky Block price today equals almost $0.006.
Is Lucky Block a safe investment?
From the price trajectory of Lucky Block (LBLOCK), it is clear that the token has continued to appreciate at a price for the past few days. Since it is a new player in the crypto space, there is a lot of speculation on this coin is a scam. From our point of view, LBLOCK is yet to prove itself as a good cryptocurrency. The idea is unique but the official website and lack of documentation and details regarding the inner workings make us not too comfortable with this crypto. We believe that you should invest in Lucky Block for the long term only if you believe in the project. There is scope for LBLOCK price to be a profitable investment, but as of now, we don’t have enough media coverage to judge the authenticity of this project properly. To invest is an art and sometimes risky. Fundamental analysis is integral and you should do some research before investing in some highly volatile asset.
Will LBLOCK price rise?
The Lucky Block (LBLOCK) price will rise from $0.005116 to $0.0115 in the next five years in 2026. The average price would be $0.0113.
What will be the price of Lucky Block in one year?
Based on the Block price prediction 2022, the Lucky Block (LBLOCK) price will go up to $0.008
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Source link: https://www.cryptonewsz.com/forecast/lucky-block-price-prediction/
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