Update – the Lucky Block jackpot app is now live, linked to on the homepage of the official Lucky Block site.
The LBLOCK token price spiked +20% when it was launched.
Update – the Lucky Block price is currently just over $0.0024 per token, up over 10x from the presale price, and at its all time high LBLOCK was up 65x.
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What is the price of Lucky Block now?
To view the current price of Lucky Block today, a live price chart is below. Or you can visit either:
- The LBLOCK Pancakeswap exchange listing
- LBLOCK’s page on cryptocurrency prices website Coinmarketcap.com
- LBLOCK’s page on similar crypto price analysis site Coingecko.com
Lucky Block price live chart
Please enter Coingecko & CoinMarketcap Api Key to get this plugin worksAbove is a live price chart for the LBLOCK token.
To perform technical analysis (TA) on a more detailed price chart of Lucky Block visit the Coingecko page for LBLOCK then click the ‘Live Chart‘ tab to the right of Price and Market Cap.
A LBLOCK / USD price chart will then open on Gecko Terminal with the option to add Tradingview technical indicators such as volume, moving averages, support and resistance levels, diagonal trend lines etc.
LBLOCK’s first two weeks of trading via geckoterminal.com
Above is the daily chart for LBLOCK – each candle represents one day of trading. The current-all time high Lucky Block price of around $0.0031 was reached on the fourth day of trading.
The LBLOCK price then retested support, bouncing over 70% from the $0.0010 level. At around that time Bitcoin had seen a 10% bounce after a three-month correction and many traders had turned bullish again. When Bitcoin trends up investor confidence in more ‘risk on’ assets such as altcoins also increases.
In 2022 the Bitcoin price has been correlated to the stock market performance, and altcoin prices tend to also move in the same direction as BTC. The S&P 500 has seen a bounce from its 200 day SMA (simple moving average).
Lucky Block Market Cap
In the official Lucky Block Telegram group each time an investor buys Lucky Block, the Lucky Block market capitalization is updated along with other price metrics.
At the time of writing the LBLOCK marketcap is over $102,007,827. The latest buyer swapped 0.39 BNB (worth $162.77) for 90,000 LBLOCK.
Buying Binance Coin (BNB) is how users of the Pancakeswap exchange buy Lucky Block tokens.
This represents the fully diluted marketcap if the total supply of 100 billion LBLOCK tokens were in circulation. The current circulating supply is 32.5 billion tokens, with over 20,000 holders according to BscScan.
Based on the current supply rather than the maximum supply, the marketcap is currently approximately $275 million.
What price did Lucky Block start at?
Lucky Block opened for trading on Pancakeswap exchange at 18:00 GMT on January 26th, 2022 at a price of $0.00020. The presale in late 2021 sold out early so trading on its first exchange also began earlier than predicted on the roadmap.
Early presale investors purchased 10 billion tokens at a price of $0.00015 and the phase two presale price was $0.00019. The current all-time high of $0.0031 represents an over 10x gain for presale investors, making LBLOCK a 10x altcoin so far. It would need to reach $0.02 to be the next 100x altcoin relative to its Pancakeswap listing price.
Presale investors who bought $10k worth of LBLOCK tokens or more are subject to a smart contract lock up before being able to sell their tokens, helping to prevent a dump in the Lucky Block price:
- $10,000 – $25,000 – 3 month lock up
- $25,000 – $50,000 – 6 month lock up
- $50,000 – $100,000 – 9 month lock up
- $100,000 – $250,000 – 12 month lock up
Day 12 of Lucky Block trading – via Coinmarketcap.com
What is Lucky Block?
The Lucky Block project’s mission statement is to be a ‘worldwide crypto lottery with players using Blockchain protocols, on the Binance Smart Chain‘.
Just as crypto helps people to take control of their finances and be their own bank in a sense, free of governments that can devalue the currency and restrict the movement of money – the Lucky Block team, headed by CEO Scott Ryder have stated that lotteries ‘should not be bound geographically or tied to local financial systems‘. Instead, they aim to ‘develop further transparency and fairness in gaming, creating a lottery where every player has better win odds while providing a solid investment strategy for token holders‘.
In some countries lotteries, a popular pastime and low-risk form of gambling, are not legal, or offer unfair odds, and are subject to local regulations and high taxes. A large house edge is often imposed to cover operating costs.
Both physical lottery machines and traditional online lotteries are vulnerable to hacking, ‘fixing’ and scams – major US lotteries have been involved in fraud cases where outsiders or employees were able to change the RNG (random number generator) to manipulate the lottery odds, draws and payouts.
As the saying goes, ‘Bitcoin solves this’ – Blockchain technology can provide a ledger of transactions that is more resilient to security threats and outside influence. It also removes the possibility for human error, such as a person losing their lottery ticket.
View the full Lucky Block whitepaper and roadmap on Luckyblock.com. The video below also summarises what Lucky Block is and how it works.
https://www.youtube.com/watch?v=Ziz0rQwcH20
Why Invest in Lucky Block?
Interest in cryptocurrency, Blockchain, decentralized finance (DeFi) and NFTs is high in 2024, with institutions that were previously skeptical of the digital asset such as Goldman Sachs warming up to it. Institutional adoption saw the total crypto market cap reach $3 million in 2021, and a new Bitcoin all-time high of $69,000.
Thousands of altcoins with various use cases have seen large increases in their valuation, outperforming most stocks and hedge funds in terms of yearly return on investment (ROI). While some altcoin projects fail, others go on to achieve a marketcap in the billions – the top 10 altcoins currently have a market capitalization of $12 – $360 billion, larger than some investment banks.
That includes names such as Ethereum, Cardano (ADA), Solana (SOL), Ripple (XRP), Avalanche (AVAX), Polkadot (DOT), Polygon (MATIC) and Terra (LUNA). None of these projects are crypto lottery related, and some altcoins with very little use case such as Dogecoin and Shiba Inu also achieved top 20 valuations within the space of a year.
A crypto lottery project that manages to gain attention could see a rapid increase in marketcap either due to hype and celebrity endorsement – as in the case of DOGE and SHIB – or mass adoption, or both.
The global lottery market was valued at $301 billion in 2019 according to Verifiedmarketresearch.com and is projected to reach $378 billion by 2027. A crypto lottery token available worldwide that captured 5% of that market share would be a top 10 altcoin. UK newspaper the Express ran a Lucky Block article speculating its worldwide lottery format could ‘dwarf the Euromillions’.
Lucky Block token holders also receive a percentage of the crypto lottery jackpot payout, whether they play in the Lucky Block lottery or not – an incentive to hold. The LBLOCK lottery jackpot prize pool at the time of writing is around $1 million.
Another incentive to hold is a 12% transactional tax on selling – of which 4% is reinvested into the lottery pool, 4% into liquidity pools, 3% to NFT and gaming royalty funds, and 1% to the token burn. This rewards token holders and reduces the chance of ‘pump and dump’ price action that commonly affects altcoin prices.
Lucky Block has applied to be listed on larger exchanges such as FTX, Binance Kucoin, and others – which could also result in an increase in the Lucky Block price.
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Future predictions for the Lucky Block price
Technical and fundamental analysis (TA and FA) are not an exact science even for crypto assets with a long price history – new coins on Pancakeswap like Lucky Block are even harder to make price predictions for as they have little price action to analyze.
Here on Insidebitcoins, we noted on Feb 3rd that Lucky Block held the horizontal support level of $0.001 for a second time and put in a strong 20 – 30% bounce, failing to close any 4h candles below that area. That suggested it would make its way back up to retest the top of its sideways range.
Stocks and crypto analysis site Economywatch.com on Feb 5th noted the same, predicting the price could retest the $0.0017 and $0.002 resistance levels.
At the time of writing the Lucky Block price has hit $0.0019 after that bounce from support.
If the Lucky Block price is close to a daily candle above $0.0017 it will have reclaimed a support line we drew on the daily chart on January 31st.
A strong daily close like that could result in a retest of the previous all-time highs and a breakout back into price discovery.
We noted early on that a logical target for the Lucky Block price if it does break above its previous all-time high could be $0.005, as that may act as a psychological resistance.
LBLOCK did lose the diagonal resistance line in the chart below due to some FUD and a selloff in Bitcoin and some high profile stocks such as Facebook, Netflix, and Paypal – however, it is now close to reclaiming these price levels.
Lucky Block Price Prediction 2022
The latest 4h Lucky Block price chart at the time of writing is below. Price is again moving in a bullish uptrend with diagonal trend line support.
New Pancakeswap listings don’t face much resistance early in the project as investor interest is highest – Lucky Block is currently only two weeks into trading with expected announcements of additional crypto exchange listings and the release of the Lucky Block app and Lucky Block NFTs.
Update – crypto exchange LBank has confirmed they will list Lucky Block.
Bitcoin has also bounced to retest the $42,000 level, breaking out of a three-month downtrend that saw it correct to $33,000. Corrections of over 50% are typically a good time to invest in Bitcoin and altcoins as a long-term investment, as they have always historically retraced to the upside.
That could result in an ‘altcoin season’ if Bitcoin prints a higher low and resumes its bull market. We could see a retest of the 21 weekly EMA (exponential moving average), an important support and resistance line. Currently, that is sitting at just over $50,000.
Financial analysis site BuyShares.co.uk also speculated that Lucky Block could reach $0.005 especially if a Binance listing application is approved.
Update – Lucky Block has reached over $0.008, and its dedicated crypto Reddit is trending.
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What factors affect the Lucky Block price?
Some risks of investing in Lucky Block are pointed out in the whitepaper. If you’re thinking of buying Lucky Block tokens remember to do your own research (DYOR) and consider the below factors. Only invest what you can afford to lose.
Regulation
The nature of cryptocurrency regulation is constantly evolving as the technology is only around a decade old, and didn’t gain much media attention until the 2017 bull run. One risk is that the Lucky Block crypto lottery will not receive a gaming license – the team is currently applying for one with the Malta Gaming Authority.
Lucky Block would also come under the attention of the US Securities and Exchange Commission (SEC) and be determined security, as happened to various crypto tokens such as XRP and LBRY. As a result, investors and lottery players in the US could be prevented from accessing the Lucky Block platform.
Exchange Listings
At the time of writing news of an LBank crypto exchange listing has seen a price rise to $0.0019. Lucky Block is not yet listed at major exchanges such as Binance, Coinbase, and eToro, if it is successful in being listed on those platforms the Lucky Block price would rise further.
Coinbase has a Lucky Block price chart on its platform – it displays price charts for up-and-coming tokens it considers legitimate, even if they aren’t listed on the exchange yet.
Competition
Various other Blockchain lottery platforms are on the market, however, none have gained international prominence so far.
One lottery market leader Lottery.com announced in Nov 2021 they have begun developing a Blockchain gaming platform known as Project Nexus that would include lottery players who could participate in using crypto.
FUD
Crypto projects are prone to ‘fear, uncertainty and doubt’ (FUD), especially in the early stages which can impact investor confidence. Typically new coins and all types of asset classes also go through a Gartner hype cycle.
Lucky Block is partnered with InsideBitcoins Inc in London, UK-based marketing firm that aims to use its media reach to answer investor concerns, and there is also a secondary Lucky Block support group on Telegram in addition to the main TG group.
How to Buy Lucky Block
Lucky Block is currently available to buy on Pancakeswap with a listing on LBank also confirmed.
1. Connect Wallet to Pancakeswap
We recommend using Trust Wallet or Metamask – once you have a wallet set up, the first step is to connect to the Pancakeswap exchange – use the ‘connect wallet’ links on Pancakeswap.
2 Enter Lucky Block Contract Address
In Pancakeswap, you will be asked what token you would like to buy in exchange for BNB – see our guide on how to buy Binance Coin.
Paste the Lucky Block contract address – 0x2cD96e8C3FF6b5E01169F6E3b61D28204E7810Bb.
3. Enter Stake
Enter the number of BNB tokens that you wish to swap for Lucky Block. The respective amount of Lucky Block tokens that you will receive will update – based on the current market price.
4. Confirm Purchase
Finally, confirm the order. Your Lucky Block purchase will be executed instantly and your LBLOCK coins sent to your wallet.
5. Add Lucky Block to Wallet
You may need to manually add the Lucky Block ticker to your wallet. You can do this by manually importing the token via the Lucky Block contract address listed above.
For more details visit our how to buy Lucky Block guide.
