Lucky Block’s price has fallen by more than 29 percent in the past seven days. However, even with the drop, the cryptocurrency has still managed to gain over 30 percent in the past 24 hours. Lucky Block is expected to be launched on March 21. However, the platform has already started adding its native cryptocurrency LBlock to centralized crypt exchange (CEX) Lbank ahead of the launch. Unfortunately, the platform is not yet mainstream, and the current price prediction will mostly be speculative.
Since its launch, the cryptocurrency has reached highs of 0.01 and lows of $0.00066. Today’s Lucky Block price of $0.0038 is 60 percent below its all-time high. Luckily, with the launch of the platform around the corner, the prices are likely to rise.
What does Lucky Block do?
Lucky Block is bringing blockchain technology into the world of lottery. The platform envisions a world where people will be able to stake their bets and lottery using blockchain protocols on the Binance smart chain. It promises to create fairness and transparency in the world of lottery. The company has also indicated that it envisions the platform having bigger lottery money than the current UK jackpots.
Lucky Block Price Prediction
Although the cryptocurrency has not been registered with major exchanges, it has already shown its potential, with a 34 percent price increase in the last 24 hours. Luck Block has already a market capitalization of more than $140 million, and its user base is growing exponentially.
Today, the cryptocurrency is trading at $0.0038. However, because it is yet to be launched, there is a high chance that it is highly undervalued. Therefore, I expect the cryptocurrency to hit $0.1 after it is launched. I also expect the prices to continue rising and it is possible that the prices will close the year at more than $0.5.