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The cryptocurrency market has rebounded slightly during the past 24 hours, given that the global crypto market cap has reclaimed the $1.35 trillion market cap. Amid these gains, Lucky Block’s native token, LBLOCK, is leading the market gains with a nearly 75% gain during the past 24 hours.
Lucky Block – Top Crypto Gainer
Lucky Block, a crypto-based gaming platform, is one of the most promising projects in the market. Its native token, LBLOCK, stands as a leading gainer, with its gains during the past 24 hours standing at 74.1%, according to data from CoinGecko.
At the time of writing, LBLOCK was trading at $0.00236. Its 24-hour low stands at $0.0013, with the current price being at the 24-hour high range, showing a huge upside potential. The growing popularity of the token comes from the strong dynamics of its project.
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Lucky Block is a project with a strong use case and utility. The project is planning the release of decentralized crypto games and a competition platform that will unlock rewards and jackpot to users.
Those who hold the LBLOCK token or a non-fungible token (NFT) affiliated with the project access free tickets that can be used during draws. These rewards are given as an incentive for people to buy and hold the token, causing optimism about the project’s growth.
LBLOCK has been ranked among the projects with a great potential for making gains, according to a report by NASDAQ. The project was also involved in a charity drive highlighted by Yahoo Finance.
LBLOCK Leads Market Gains
Bitcoin has recovered slightly past $30,000 during the past 24 hours, and altcoins mimic the trend. The notable gains could extend into the weekend if the buying pressure continues to be high.
The trading volumes for LBLOCK during the past 24 hours stand at $1.3 million. This is the highest metric that the coin has reported during the past 24 hours showing that buyers are highly active.
This is not the first time that LBLOCK is outperforming the market. In February, the token was among the largest percentage gainers, with a 900% gain from the $0.001 level to the current record high of above $0.009.
The current gains in LBLOCK also show that the token is recording a strong performance despite the increased selling pressure in the market after the collapse of Terra LUNA and the UST stablecoin.
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