Lucky Block Price Up 7% with Further Surge Incoming
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Lucky Block (LBLOCK) has been performing well recently, rising in value by an impressive 7% within the past day alone. However, this could just be the start of a surge upward for the price of LBLOCK.
How Does Lucky Block Work?
Lucky Block (LBLOCK) is an NFT competition platform that provides people with the opportunity to win huge prizes, including a Bored Ape NFT, $1 million in Bitcoin, and even a real-life Lamborghini. In contrast to the majority of prize draw platforms, Lucky Block is completely transparent thanks to its implementation of NFTs and blockchain technology.
Each competition on the Lucky Block platform can be entered by purchasing an NFT that acts similarly to an entry ticket. The price and maximum number of NFTs for a certain competition are predetermined and based on the potential jackpot for the prize draw.
In addition to providing the holder with access to an upcoming prize draw, each Lucky Block NFT also grants its holder a portion of the reward pool daily. As a result, Lucky Block NFTs are packed with long-term value.
Why the Price of LBLOCK Could Surge
The price of Lucky Block has been consolidating for around a week, gathering momentum for a sharp move. Now, it seems as though this move could be upon us. The LBLOCK token has increased in value by approximately 7% over the past day and currently shows no signs of slowing anytime soon.
With the recent launch of the V1 to V2 token bridge and the monthly LBLOCK burn program, there are a lot of eyes on Lucky Block right now. The project has been seemingly waiting for an opportunity to explode, and as hype builds surrounding the next monthly token burn, the time for a sharp move upward could be closer than most investors think.
While the hype surrounding Lucky Block is already nearing critical levels, the project has also recently launched a $5,000 giveaway for holders of any Lucky Block NFT. This provides people with a second opportunity to win from a single competition entry, meaning that it’s a great time to be a Lucky Block holder.
Attention #LuckyBlockArmy – join the $5,000 giveaway now and get lucky 🤞⬇️https://t.co/wnket6L9Ux
— Lucky Block Casino & Sportsbook (@luckyblockcoin) October 13, 2022
Lucky Block has been showing immense strength recently, even in the midst of a short market downturn. As the price of LBLOCK is currently at a critical level, we could see a sharp upward move, especially as the next LBLOCK burn edges closer. Check out the project today and stock up on some LBLOCK tokens before the asset’s next explosive move.
