The LBLOCK V1 price bounced at $0.00016 on October 13th – below its presale price ($0.00019) and around its private sale price ($0.00015).
The LBLOCK V2 price also hit $0.00017 the same day. Both tokens are now trading back above $0.0002 – the project’s listing price, back on January 26th 2022. Is the bottom in?
Lucky Block Price Prediction
Lucky Block traded as high as $0.01 on PancakeSwap – and $0.0096 on LBank exchange – within a month of its launch. That LBLOCK all-time high was hit on February 17th, an over 65x bull run from its private sale and 50x from its start of trading.
Following LBank – its first CEX listing – other listings on MEXC, Gate.io, and Uniswap DEX for its ERC-20 V2 token have not yet provided the bullish catalyst to spark a new uptrend.
However now that LBLOCK token has retested its presale valuation, and its market cap is now under $9 million, little selling pressure remains and LBLOCK has been able to bounce over 25% from the lows this week.
— Lucky Block (@luckyblockcoin) October 9, 2022
LBLOCK Price Bounces
Lucky Block are currently running a $5,000 giveaway which has attracted 2,536 entries so far on Gleam.io.
The Lucky Block project also completed its Ethereum bridge roll out on October 3rd.
LBLOCK Token Burn
The Lucky Block team announced a monthly 1% token burn to lower the circulating supply – the first of which was carried out September 30th.
LBLOCK becoming a deflationary asset, and retracing its price history this year, could make Lucky Block one of the most undervalued cryptocurrency projects right now. The $0.0002 level could potentially be strong support in Q4 2022.
The next Lucky Block price target in the short term could be the $0.00033 level, to fill out the sharp inefficient price move down in early October.
Lucky Block Discord
The Lucky Block team on Telegram posted the below message on October 7th:
After careful consideration, all official Lucky Block channels will now focus exclusively on an “announcement-only format”. To that end, this new structure allows us, the #LuckyBlock team, to continue our diligent work of delivering and executing the project roadmap.
Please note that the community Discord channel will now be used exclusively for customer service queries. Our moderators will remain at your disposal for such matters. Please head over to Discord —> https://discord.gg/EUFPjcvTX8.
Since that decision, the Lucky Block price has rallied to the upside.
Lucky Block has been one of the most controversial crypto projects of the past year, changing its direction mid-year to become an NFT competitions platform. Putting its focus on building now during the bear market has paid off so far this week.
Lucky Block - Undervalued Crypto
- Listed on Gate.io, LBank, MEXC, PancakeSwap
- NFT Competitions, Jackpot Draws
- Powers Casino & Sportsbook Platform - luckyblock.com
- 10,000 NFTs Minted
- $2M+ in Prizes Awarded