Lucky Block Price Preparing for Next Leg Up – LBLOCK to $1?
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Over the past few days, the Lucky Block token, LBLOCK, shot up by an impressive 16%. Now, the token appears to be consolidating prior to another move toward the upside. Could LBLOCK be heading to $1? Let’s find out.
What is Lucky Block?
Lucky Block is an exciting new cryptocurrency project that allows people to enter blockchain-powered competitions with prizes ranging from $1 million in Bitcoin to a Bored Ape Yacht Club NFT, and even a luxury home.
Each competition on the platform can be entered by purchasing an NFT from Launchpad.xyz. By taking this approach, Lucky Block is able to make every prize draw verifiable and transparent, improving consumer trust in the platform. Furthermore, each NFT entitles the holder to receive a portion of the reward pool daily, providing an immense amount of long-term value.
On top of its exciting prize draws, Lucky Block also hosts a multitude of giveaways to reward its supporters. The most recent was a $5,000 giveaway that was open to holders of any Lucky Block NFT.
LBLOCK Price
The price of Lucky Block has been holding steady around the $0.000217 range since the 15th of October, following a sharp 16% move to the upside over the days prior. With Lucky Block maintaining its new value well, the token could be creating a strong support zone while preparing for a huge upward move.
Lucky Block has been garnering a lot of attention recently following the release of the Lucky Block V1 to V2 token bridge and the launch of the monthly LBLOCK token burn. These events could help to propel the token upward, potentially even toward new highs.
If Lucky Block is able to pick up enough traction at its current price, the next major level for the token to hit is $0.0003156. This would mark roughly a 45% increase versus today’s prices. Furthermore, such a move could act as a bullish catalyst, helping the token to soar toward new heights, even potentially igniting LBLOCK’s accent to the $1 region.
With Lucky Block receiving a number of improvements over the past few months and investor confidence growing quickly, we could see some big things from the platform. As such, it could be worth checking out Lucky Block today and stocking up on tokens prior to the next big announcement.
