google-play

Scan to Download iOS&Android APP


Lucky block price prediction: What is lucky block (LBLOCK)?


Updated

Share this article

What You Need to Know

The week ahead update on major market events in your inbox every week. Subscribe
A man's hands work a computer tablet, which is overlaid with a trading chart
What is next for lucky block? – Photo: Shutterstock

It aims to give people a chance to take part in a crypto lottery, but what is lucky block (LBLOCK)?

Let’s take a look and see what we can find out, and examine some of the lucky block price predictions that were being made on 29 September 2022, too. 

Lucky block explained

Lucky Block refers to itself as the “no.1 crypto games platform where everyone’s a winner”. It’s an online lottery 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, and transparency and liquidity to pay players, the platform aims to create a system that would focus 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

  • The 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 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 all 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 billlion tokens, which were sold in 49 days.

The Binance-based version LBLOCK has a maximum supply of 100 billion tokens and, as of 2 September 2022, a self-reported 40.77 billion are in circulation, according to data published by CoinMarketCap. If that figure were true, it would have a market cap of around $15m.

However, there is another, newer, version of LBLOCK. This version, which was created to take advantage of the abilities of the Ethereum (ETH) blockchain, was announced in the summer of 2022 and came onto the open market shortly afterwards.

At the time of writing (29 September 2022), there were no official figures on CoinMarketCap for the active circulation or market cap of the new version of lucky block, but there was a maximum supply of 3.65 billion – or 3,650,050,129 to be precise, and it was trading at $0.000427.

While the initial version of lucky block was based on the BNB Chain, the new version, which launched on 25 July 2022, is based on Ethereum. Either way, this means that lucky block is a token, rather than a coin. While you might see references to such things as a lucky block coin price prediction, these references are, technically speaking, wrong. 

Lucky block price history

Let's now cast our eyes on the LBLOCK price histories. 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 $1bn market cap in history, having surged by 907.7% since its launch on 28 January 2022 at $0.0009315 to the all-time high value of $0.009387 exactly three weeks later.

The positive lucky block crypto news came as the platform was featured by a number of media outlets, was listed on the CoinSniper and Binance crypto exchanges, and acquired more than $6m for the lottery pool. 

Natural Gas

6.95 Price
-0.190% 1D Chg, %
Long position overnight fee -0.1297%
Short position overnight fee 0.0928%
Overnight fee time 21:00 (UTC)
Spread 0.005

Oil - Crude

80.61 Price
-0.810% 1D Chg, %
Long position overnight fee 0.0240%
Short position overnight fee -0.0439%
Overnight fee time 21:00 (UTC)
Spread 0.03

BTC/USD

19,506.95 Price
-0.270% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 21:00 (UTC)
Spread 60.00

XRP/USD

0.49 Price
+0.970% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 21:00 (UTC)
Spread 0.00600

Lucky Block to USD chart, January  - May 2022 

Unfortunately, the uptrend in lucky block token price was short lived, as seen on the chart above. The coin declined twice in six days – by 42% on 20 February 2022 falling to $0.005444 and by 34.4% to $0.003569 four days later – amid escalating tensions on the Russia-Ukraine border and the onset of war. 

Downwards price action did not last long. The cryptocurrency managed to regain some momentum in the following days, rising to around $0.006 as the platform announced the launch of its collection of non-fungible tokens (NFTs).

Throughout March 2022 the token embarked on a bearish trend, losing more than 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. 

A sharp surge to over 107% followed over the next 24 hours as the token reached $0.003542 when the platform launched its NFT collection.  

Following more bearish price action, on  4 April, the token hit $0.003533 – its highest April value. After that, though, things went downhill, with the problems exacerbated by the market crash triggered by the depegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency, dropping to $0.001056 on 12 May.

After that, more market problems meant that it sank to $0.00101 on 14 June. While the launch of the Ethereum version of the token helped the original reach $0.001463 on 15 August, the price then fell down and, by 29 September 2022 it was worth around $0.0003578.

Meanwhile, in terms of the newer version of the token, it was worth $0.002125 at the start of trading on 16 August, before it reached an all-time high of $0.002518 on 31 August. The following day, though, it crashed to a low of $0.001253, before standing at around $0.001465 on 2 September 2022.

By 25 September it was at an all-time low of $0.0003862, with the news that Lucky Block was to instigate a token-burning programme, set to take place on October 3, helping it recover to trade at around $0.000415 on 29 September 2022.  

Lucky block price prediction round-up

Let’s now take a look at some of the lucky block price predictions that were being made on 29 September 2022. It is important to remember that price forecasts, especially when it comes to something as potentially volatile as cryptocurrency, are very often wrong. Also, it is worth noting that long-term crypto price forecasts are often made using an algorithm, which can change at any time.

First, CryptoPredictions.com made a lucky block price prediction for 2022 that suggested the token could reach $0.002138 by the end of the year. By September 2023, the forecast argued LBLOCK could be valued at $0.003188 and then $0.0039299 a year later. By September 2025, the site said the token could trade at a little over $0.004, before it could go on to $0.00445 12 months from then and could close 2026 at $0.004526.

Next, PricePrediction had an LBLOCK price prediction that the token could rise to $0.001 this year and $0.002 next year. The forecast indicated further upward movement as lucky block could reach $0.003 in 2025, $0.005 in 2026 and $0.007 in 2027. By 2028, the site said it could trade at $0.01, before it could close the decade at $0.015. The site went on to make a lucky block price prediction for 2030 that said the token could average $0.021, before it could achieve $0.031 in 2031. 

Meanwhile, DigitalCoinPrice made a lucky block crypto price prediction that the token could average $0.000427 in 2022, $0.000980 in 2023 and $0.00131 in 2024. The site’s lucky block price prediction for 2025 said the token could rise to $0.00169 that year before it dipped to $0.00148 in 2026. By 2027, the site said LBLOCK could have been worth about $0.00210 and grown to $0.00298 in 2028, $0.00422 in 2029 and $0.00589 in 2030 before it could trade at $0.00800 in 2031.

Finally, WalletInvestor was a bit more downcast and bearish when it came to making a lucky block price prediction. The site said that the token could have dropped to $0.0000159 by late September 2023.

When considering an LBLOCK token 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.

If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. And never trade with money that you cannot afford to lose.

FAQs

Is lucky block a good investment?

It is hard to say at this early stage. A lot will depend on how the market itself behaves, and whether the Lucky Block platform can attract more people to it. 

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the LBLOCK token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.

Will lucky block go up or down?

It is not entirely easy to tell. While the likes of PricePrediction are upbeat, sites like WalletInvestor are rather more bearish.

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether lucky block is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.

Should I invest in lucky block?

Whether you should invest in LBLOCK is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose, because prices can go down as well as up. 

Further reading

What You Need to Know

The week ahead update on major market events in your inbox every week. Subscribe
The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Read next

Still looking for a broker you can trust?


Join the 450.000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account

2. Make your first deposit

3. You’re all set. Start trading