Lucky block prices have gone down by more than 5 per cent in today’s trading session. Currently, the cryptocurrency is trading at $0.00194, and despite the drop in price, the cryptocurrency has seen its trading volume go up by more than 15 per cent in the past 24 hours.
Since its launch, Lucky Block has had a tough time establishing itself as a household cryptocurrency. Since reaching highs of $0.0096 on February 17, 2022, the cryptocurrency has been in a strong bearish move, losing over 79 per cent of its value in two months.
The trading volume of the cryptocurrency has also been very low, recording only $778,73 in the last 24 hours. Although the figure looks significant compared with other cryptocurrencies that trade more than half a billion per day, it becomes clear about the struggles Lucky Block is currently going through. The low trading volume has also been one of the main reasons for low prices.
However, the technology and idea behind the platform are genius and likely to revolutionise the lottery industry. Bringing decentralisation to the betting and lottery industry has positioned the cryptocurrency to be a future success. Although the platform has struggled in the markets since its launch, it is highly likely to expand and become a household name in the betting and lottery industry.
Lucky Block Price Prediction
The price of Lucky block has been in a strong bearish move since the cryptocurrency was launched. In the past 24 hours, the cryptocurrency has already lost five per cent of its value. This is a continuation of the long-term trend that has seen it lose more than 78 per cent of its value since February 17.
Therefore, my Lucky block price prediction expects the prices to continue falling. There is a high likelihood of the prices dropping to the $0.0015 psychological level in the coming days. Although the cryptocurrency is not listed in most decentralised exchanges, the current trading volume shows a struggle in the market that is likely to affect its prices, pushing them downwards.