Lucky Block price prediction: Is it worth investing?
Have you heard of a new reward token, Lucky Block, that emerged in January 2022? It’s a Lucky Block reward token created by Scott Ryder and James Fennell. The first is the founder, and the second is the company’s CEO. Lucky Block was the first crypto to collect $1bn in market cap for the first three weeks. When it was launched in January, the price of a token was $0.0008611. Since then, the price has gone up and down. Here we will scrutinize its investment potential and main features, focusing on Lucky Block price prediction.
Lucky Block Price Prediction General Overview
Today’s price of Lucky Block reaches US$0.0003442. Its 24 hours trading volume is $27,334 and seven days all-time high amounts to $0.0003682 with seven days all-time low $0.0003383. Its maximum circulation supply is 100 billion tokens.
It Market Rank on Coinmarketcap is #4402. From its creation, it has seen many ups and downs. But before we tackle detailed Lucky Block price prediction and analysis, let’s look at its very nature and features to conclude if it’s a good investment opportunity.
What is Lucky Block
Lucky Blockchain is a decentralized crypto lottery application. It’s a platform and reward token for nonfungible token competitions. By venturing into the competitions and just holding their tokens, the players are in a position to get rewards in the form of LBLOCK.
It was launched in January 2022 and was listed on Pancake Swap and LBank centralized exchange. It is conceived as a cryptocurrency game platform based on Binance Chain and ETH protocols.
Scott Ryder and James Fennell, the platform founders, explain that they aimed to solve the issues related to transparency and fairness in the gaming industry and to provide a reliable investment strategy for the players.
The platform enables fast instant reward payouts, contrary to the traditional lottery systems, where transaction executions are part of a prolonged process. Moreover, Lucky Block allows lower costs and reduces draw time.
Lucky Block Native Token – Lucky Block Main Features
LBLOCK is a native token in the Lucky Block platform and it serves as a reward token and payment method of this cryptocurrency’s ecosystem. Owning LBLOCK allows you to take part in lottery competitions.
You can use your token to get the chance of getting the Daily Jackpot. The best part is that even if you don’t partake in competitions, just holding the token enables you to earn dividends from others’ jackpot wins.
That is why the slogan of the token creators is that everybody is a winner. For this to happen, you ought to connect your crypto wallet to the Lucky Block app to benefit from this advantage.
An internal random number generator picks the lottery jackpot winner. Only one participant has the odds to win 7- percent of the jackpot.
The remaining 30 percent are distributed as follows: 10 percent for the charity proposed, 10 percent for the marketing, and ten percent for the token holders according to their investment size.
The Lucky Block platform’s crypto was launched at the end of 2021. There were 32.5 billion tokens allowed for purchase, and they were sold out in just 49 days. The initial token V1 was launched on Binance Smart Chain.
There were 100 billion tokens in max supply. But according to data from Coinmarketcap, as of September 2022, the max supply amounts to 40.77 billion.
The new version of LBLOCK was launched this summer with a max supply of 3.65 billion tokens. Also, the latest version switched from Binance to Ethereum blockchain and now operates on the ERC-20 protocol.
Lucky Block – How does it work?
Apart from its decentralization and transparency, Lucky Block works quite particularly as follows:
All transactions are recorded on the blockchain in such a way that all users can consult them,
In the system, transactions are tamper-proof.
To determine which causes to fund, the Lucky Block community has the right to vote.
Per day, several draws are planned; there is a reduction in the duration between the prints and their costs.
Regardless of their amount, the payment of winning prizes is faster thanks to the recording capacity of the blockchain.
Of the distributed global supply, 70% of the shares will be shared between the winners and 30% between the token holders, Lucky Block, and charities.
Lucky Block Roadmap
There were four phases in the development of the Lucky Block ecosystem. The first one consisted of website creation, opening social media accounts, and gathering the community around the project.
The first phase was also focused on creating the marketing strategy and targeting the best influencers for token promotion. In the second phase, the focus was on raising project awareness among London and Manchester crypto enthusiasts.
During this phase, the presale price and the standards for connecting the token with various crypto wallets were decided. The third phase includes deploying ads on social media and raising the general public’s awareness.
The final, fourth phase is currently happening since the team strives to incorporate metaverse concepts and deploy more aggressive ad campaigns.
The team has partnered with some of the most popular social media publishers and media companies that cover crypto, fintech, and defi industry-related news. These are among others The Manc Group and Finixio, both based in London.
Why Invest in Lucky Block
Lucky Block represents a straightforward way to develop a lottery system. As a participant of their platform’s lottery system, everybody can be a winner, as their slogan claims.
The thing is, that is true. There are daily draws, up to two per day, and using the RNG system, the winner is picked, and the prize is awarded to him. The implementation of this jackpot scheme operates thanks to transaction fees and ticket sales.
The prizes are distributed among competitors, charities, and token holders. The transaction fee is charged by the exchange platform and amounts to 12 percent of total ticket sales. As with every new project, this one also can be risky. So we will look at its prospects and Lucky Block Crypto Price Prediction.
Lucky Block Price prediction – Quick Price Technical Analysis
The price history of Lucky Block indicates that the price for the V1 token started at $0.0008611 in January 2022 and took off by 1,000% to $0.009617 in February.
Be that as it may, the cost immediately fell back, and the token was dragged down to $0.001341 in March of the same year. The cost climbed to $0.003738 in April. However, at that point continued its downfall, dropping to $0.001056 on 12 May when it was sold off.
General view on Lucky Block Price Prediction
The idea to revolutionize the lottery system using blockchain is groundbreaking. According to the website Price Prediction, the LBLOCK token price has a good perspective. According to their experts, the price could quadruple in the next couple of years.
However, The gambling industry already has many regulatory issues, depending on the country. Therefore, implementing this new concept could stumble upon many hassles, which can turn away many investors.
It’s up to the team behind LBLOCK project to work more diligently on presenting their project to the general public. Therefore, you should invest as much as you are comfortable with without taking too many risks. It’s better to be safe than sorry.
Lucky Block Price prediction 2022 -2024
As per Lucky Block official prediction, the token price this year is expected to reach $0.008, and the average price could be the same. The maximum expected price can reach $0.009. Therefore its price is staying stable over this year and very probably during the next one.
In 2023 according to tech analysis, the token will reach $0.011 with a maximum of $0.023. The volatility will be stable.
With the enhancements of the product, considering that the project is entirely legit, the outlook for the Lucky Block token price in 2023 is pretty optimistic. The maximum price could amount to $0.023, followed by stable volatility.
LBLOCK Price prediction 2025 -2026
If the project develops good media coverage in three years and attracts influencers, the price prediction could be very optimistic. Lucky Block tokens could reach the minimum value of $0.021 and the maximum up to $0.026. The average value could be around #0.022. In 2026 Lucky Block could encounter some sideways, with the minimum price at approximately $0.032 and the highest price at $0.037.
Invest Lucky Block Crypto – What are the Benefits?
- the decentralization of the game,
- the equality of players,
- securing the platform,
- the absence of rigging and piracy,
- platform innovation,
- efficiency, precision, and speed of the platform,
- the impartiality and accessibility of the lottery,
- traceability of transactions.
Where to buy Lucky Block?
At this moment, the coin is listed on a few exchanges. You can find it on Pancake Swap, Uniswap, and centralized exchange, Lbank. Anyway, there is their official website where you can find all the details on how to purchase LBLOCK. Meanwhile, the team is hardworking on making the token listed on as many exchanges as possible.
How to Mine Lucky Block Crypto?
You cannot mine Lucky Block cryptocurrency. However, indirect mining is possible. It means you can mine a major cryptocurrency and exchange it for the LBLOCK. In this case, it is possible to mine Bitcoin (BTC), then exchange it for LBLOCK on an exchange platform offering the LBLOCK/BTC pair.
Is Lucky Block a good investment?
The Lucky Block blockchain is quite unique. The crypto lottery platform is built using blockchain protocols to improve the lottery experience for all stakeholders. Lucky Block aims to remove all barriers to entry to create a global lottery, where all participants have a higher chance of winning a jackpot than in traditional lottery systems.
So what would be our final investment advice regarding LBLOCK token? The project is relatively new, so it can be tricky to judge its authenticity. However, the whole idea is original and promising.
Hopefully, the team will figure out how to better handle the media coverage to entice and increase the confidence of crypto enthusiasts. Also, we hope the team will disclose more information on how the token works.
Invest in LBLOCK only if you believe in the whole concept of this blockchain project. Finally, fundamental analysis is essential before venturing into LBLOCK or any other crypto assets.
In general, the crypto market volatility requires investors to do their own diligent research on any coin before investing. Every coin could be a good investment for the diversification of your investment portfolio. But always invest in line with your risk tolerance by getting a knowledgeable view on market trends, tech, fundamental analysis, and economic news.
