Lucky block price prediction: What is lucky block (LBLOCK)?
Lucky Block (LBLOCK) is the first and biggest crypto casino. Its native token, LBLOCK, saw a massive surge in January 2022, reaching an all-time high of $0.009387 just three weeks after its launch. It has since lost over 98% of its value, falling to $0.0001431 as of the time of writing (21 December).
What is in stock for the lucky block price prediction?
Lucky block explained
Lucky Block is a casino cryptocurrency project based on the BNB Chain (BNB).
Having analysed a series of problems faced by lottery systems, including a number of financial and operational risks, vulnerability to hacking, lack of security, trust, transparency and liquidity to pay players, the platform created a system focused on:
the development of transparency and fairness within the gaming industry
the creation of a global gaming platform where each player has a higher chance of winning
the provision of a solid investment strategy for ticket buyers
contribution to good causes and the overall community.
By using distributed ledger technologies (DTL), the platform allows for fast and even instant prize pay-outs, which makes it different from traditional lottery platforms where transactions are “a notoriously slow process”.
In addition to that, Lucky Block also:
reduces draw time, allowing more than one draw per day, which gives players more chances to win
lowers costs and margin operations.
The platform’s native cryptocurrency is the lucky block (LBLOCK) token, which is used as a payment method in the Lucky Block ecosystem. Each person who owns an LBLOCK token becomes an owner of the lottery. They can use some of their tokens to enter the lottery for a chance to win the Daily Jackpot.
If a person chooses not to enter the lottery, their tokens stay in their wallet and they get the chance to receive the Daily Jackpot dividend payment that all lucky block token holders receive.
Jackpot winners are chosen by the platform’s internal random number generator (RNG). One person will have the chance to win 70% of the jackpot. Of the rest, 10% will be donated to a charity, 10% will go towards marketing the Lucky Block platform, and 10% will be distributed between LBLOCK token holders in line with their investment size.
The platform’s cryptocurrency launched through a pre-sale event in the fourth quarter of 2021. Early adapters were allowed to purchase 32.5 billion tokens, which were sold in 49 days.
In summer 2022, a newer version of LBLOCK was created. Based on the Ethereum blockchain, LBLOCK V2 implemented many of its advantages. The platform wanted to create a token with 0% tax – “tier 1 exchanges typically do not support sales tax”, and the Binance version of LBLOCK had a 12% tax applied to sales. This would make LBLOCK available on more exchanges, expanding its reach.
1/ In order to clear confusion regarding the two currently available LBLOCK tokens, we have a detailed explanation around the process of why the two tokens exist and currently what is being put in place to ensure a cohesive project in the coming months, that rewards all holders????
— Lucky Block (@luckyblockcoin) August 1, 2022
The new version of LBLOCK was launched on 25 July 2022. It is important to note that because LBLOCK is based on the Ethereum blockchain, LBLOCK is a token rather than a coin. While you might see references to a “lucky block coin price prediction”, such wording is technically wrong.
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Lucky block price history
While past performance should never be taken as an indicator of future results, knowing what the token has done in the past can help give us some much-needed context when it comes to either making or interpreting a lucky block price prediction.
The LBLOCK cryptocurrency was the fastest token to reach a $1bn market capitalisation, having surged by more than 900% since its launch on 28 January 2022 at $0.0009315 to the all-time high of $0.009387 three weeks later.
The positive lucky block crypto news came as the platform was featured by a number of media outlets, became listed on the CoinSniper and Binance crypto exchanges, and acquired more than $6m for the lottery pool.
Unfortunately, the uptrend in the lucky block token price was short lived. The token fell by 42% on 20 February 2022 to $0.005444 and by 34.4% to $0.003569 four days later – the day Russia invaded Ukraine.
The cryptocurrency managed to regain some momentum in the following days, rising to around $0.006 on 27 February 2022 as the platform announced it would have a collection of non-fungible tokens (NFTs).
Throughout March 2022, the token embarked on a bearish trend, losing over 70% of its value as it fell from as high as $0.005849 on 1 March to $0.00171 on 27 March, its lowest value that month. However, as the platform launched its NFT collection, the LBLOCK token saw a surge of more than 107% in just 24 hours, reaching $0.003542.
After that, things went downhill, with LBLOCK’s problems exacerbated by the market crash triggered by the de-pegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency. The token continued to sink, reaching $0.00101 by 14 June 2022.
While the launch of the Ethereum version of the token helped the original reach $0.001463 on 15 August 2022, the bearish trend didn’t last long and LBLOCK dipped by around 75% to $0.0003578 by 29 September 2022.
Following the collapse into bankruptcy of the FTX exchange, the Binance LBLOCK fell again to $0.0001316 on 22 November 2022.
Meanwhile, in terms of the newer version of the token, it was worth $0.002125 at the start of trading on 16 August 2022, reaching an all-time high of $0.002518 on 31 August 2022. The following day, though, the coin crashed to a low of $0.001253, before standing at around $0.001465 on 2 September 2022.
By 25 September 2022, it was at an all-time low of $0.0003862. The news that Lucky Block was to instigate a token-burning programme, which took place on 3 October 2022, helped the token to recover to $0.0004808.
Lucky block: Recent price drivers
In December 2022 alone, LBLOCK dipped by around 27.5%, falling from $0.0001774 on the 1st of the month to $0.0001286 on the 17th. As of the time of writing (21 December), the token is valued at $0.0001431.
Despite the dip in December 2022, LBLOCK regained over 30% of its value between 22 November 2022 ($0.0001321) and 1 December 2022 as the platform announced the debut of Lucky Block Casino and Sportsbook, a full-featured service that includes a number of games, like slots, poker, live casino and table games.
In more recent news, Lucky Block announced on 14 December 2022 that players who deposit and wager any amount on Lucky Block Casino “stand a chance to win $10,000 in LBLOCK tokens”. Results of the prize draw will be announced on 31 December 2022. The contest could affect a lucky block price prediction.
On 1 December 2022, the platform announced that it had burned 1 billion LBLOCK tokens in order to decrease their overall supply and thus raise their value. That same day, Lucky Block also said that its Casino had started to support nine different cryptocurrencies, including bitcoin (BTC), ETH, tether (USDT), litecoin (LTC) and dogecoin (DOGE).
$LBLOCK Burn! ????
— Lucky Block (@luckyblockcoin) December 1, 2022
Yesterday we burnt 1 Billion $LBLOCK tokens ????
???? The tokens were burned to decrease the overall supply of $LBLOCK within the market and assist in raising the value of the remaining coins ⬇️https://t.co/Al7dvkEcQT#luckyblock #lblock #luckyblocktokens pic.twitter.com/JmS5ZiyGLX
Lucky block price prediction for 2023 and beyond
What does an LBLOCK price prediction look like?
In line with the latest downward price action, algorithm-based forecasting service Wallet Investor gave a bearish lucky block crypto price prediction at the time of writing (21 December), noting that the coin was “a bad long-term investment”.
Based on its analysis of past price performance, Wallet Investor’s lucky block price prediction for 2023 saw the coin falling to $0.0000120. The site did not provide a lucky block coin price prediction for 2027.
DigitalCoinPrice noted that “current sentiment [on LBLOCK] is bearish”, as of 21 December. The site indicated that the fear and greed index on the cryptocurrency was 30.77, signifying “extreme fear”. Despite that, DigitalCoinPrice gave a more upbeat LBLOCK price prediction, seeing the token reach $0.000361 on average in 2023.
The website’s lucky block price prediction for 2025 saw the token averaging $0.000617, growing to $0.000760 on average in 2027 and reaching $0.00147 on average in 2029.
DigitalCoinPrice’s lucky block price prediction for 2030 saw the token averaging $0.00205.
When considering a lucky block price prediction, it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.
FAQs
Is lucky block a good investment?
Whether LBLOCK is a good investment for you depends on your personal circumstances and risk appetite. Cryptocurrencies are very high-risk assets. You should do your own research and evaluate the level of risk you are prepared to accept before investing. Never invest money you cannot afford to lose.
Will lucky block go up or down?
According to the algorithm-based forecasting service Wallet Investor, at the time of writing (21 December) the token could fall to $0.0000120 in 2023. DigitalCoinPrice gave a more upbeat LBLOCK price prediction, seeing the token average $0.000361 in 2023, $0.000617 in 2025, $0.000760 in 2027 and $0.00205 in 2030. Note that algorithm-based predictions can be wrong and shouldn't be used as a substitue for your own research. Always conduct your own due diligence before trading.
Should I invest in lucky block?
Whether you should invest in LBLOCK depends on your personal circumstances and risk appetite. Cryptocurrencies are very high-risk assets. You should do your own research and evaluate the level of risk you are prepared to accept before investing. And never invest or trade money you cannot afford to lose.
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