How do you feel about lotteries? Do you feel confident in the security of the solutions you use? Imagine using a decentralised system with improved security, liquidity and delayed products. Lucky Block (LBLOCK) is a fairly simple solution that uses blockchain technology to develop a decentralised lottery. Although the project was released in late January 2022, it has already drawn much attention and many users. Is Lucky Block (LBLOCK) a good investment for the short or long term? Let's find it out in this Lucky Block (LBLOCK) crypto price prediction for 2022 and beyond.

What is Lucky Block (LBLOCK)?

We have seen many iterations of a lottery over the centuries. Lucky Block is one of the latest iterations, combining this form of gambling with blockchain technology. By doing so, Lucky Block aims to make the system more transparent, secure and profitable. Investing in the Lucky Block (LBLOCK) cryptocurrency allows you to buy a lottery ticket and a passive source of income simultaneously. The project operates on Binance Smart Chain, including the BEP-2 token LBLOCK.

Scott Ryder is the CEO behind the Lucky Block (LBLOCK) project. In 2017, he joined the cryptocurrency world as head of sales at the CryptoGo exchange. According to his LinkedIn profile, Scott Ryder currently manages three roles: CEO at Lucky Block, co-founder of DeFi Coins and the chief executive of StakeMoon Coin.

LBLOCK History

Let's discuss the most notable facts from the project's history before we proceed to Lucky Block's future price predictions. There are four main phases of the Lucky Block (LBLOCK) development:

• The website, Discord, and social media community development were involved in the first phase of Lucky Block's development. The Lucky Block token was also deployed during the first phase. The project also had to develop a marketing strategy and identify influencers to appeal to potential investors.
• The second phase of the Lucky Block (LBLOCK) development involved launching the TFL campaign and raising brand awareness in London and Manchester. The presale price was defined, and the digital asset could connect the wallet using price standards. 
• During the project's third phase, Lucky Block was listed on PancakeSwap, and the Lucky Block app was developed. The third phase also involved deploying Facebook ads and other social media campaigns to drive public awareness about the project. 
• The fourth phase has not finished yet. It is anticipated that phase four should incorporate a metaverse and online gaming and create strong paid advertising campaigns.

Generally speaking, the Lucky Block (LBLOCK) project is putting forth maximum effort to expand its online presence and drive the asset's value by appealing to the crypto community, potential traders and investors.

Lucky Block Whitepaper

According to the Lucky Block (LBLOCK) whitepaper,

There are high costs to operate a lottery, which can impact revenue for prize formation and payout. A 2019 article divulged lottery operations, including the house edge — funds to cover costs — typically at 37% to 50%. While the percentage varies depending on local regulation, operator model and game design, only unclaimed prizes positively impact potential winning sizes.

The document states:

If a lottery can reduce costs, there is more money for larger prizes and technological innovation, changes that ultimately benefit players. Lucky Block will reduce draw times and allow multiple draws per day, giving players more chances to win while lowering costs per lottery.

In addition, low-margin operations will allow players to partake in lotteries aligned with their risk appetite for better odds.

Lucky Block Features

The project's tagline is its biggest feature, stating that "Everyone is a winner." One could possibly argue with this statement because any lottery system can have only one winner. Speaking specifically about the Lucky Block project, every LBLOCK asset holder automatically becomes a winner regardless of whether they play the lottery or not. By holding the LBLOCK token, you automatically receive dividends of every jackpot concerning your holding amount. 

In addition, 10% of every jackpot is redistributed among token holders, which means that you can make money by simply holding LBLOCK tokens. The more you have, the more you earn. The math is simple. To earn dividends from every jackpot, you must connect your wallet with Lucky Block's lottery app. 

LBLOCK Benefits

Let's continue the discussion of the Lucky Block price prediction highlighting some of the major benefits of the project.

The project uses a simple method for creating a lottery system. One lottery ticket costs $5, which is paid with Lucky Block (LBLOCK) tokens. It allows users from around the world to buy lottery tickets and compete for the jackpot. Users begin with daily draws and proceed to two draws per day. Afterwards, a random number generator selects a winning ticket to which the lottery prize is allocated.

The project uses a simple business model. Ticket sales and transaction fees fund the jackpot scheme. The transaction fee of 12% is levied on all sales on decentralised exchanges. The transaction fee uses cryptocurrency, which bypasses regulatory hurdles since the digital currency doesn't need to report any user-sensitive data to anti-money laundering authorities. 

Lucky Block (LBLOCK) Price Analysis

At the time of writing this Lucky Block (LBLOCK) price prediction article (15/10/2022), the cryptocurrency ranked #3843 on CoinMarketCap. The price per token was $0.000206, with a daily trading volume of $68,534.20 and a maximum supply of 100,000,000,000 LBLOCK tokens. In the past 24 hours, LBLOCK's price increased by 8.26%. 

LBLOCK price statistics (as of 15/10/22)

LBLOCK price history

Before we proceed to the discussion of the Lucky Block (LBLOCK) future price prediction, let's look back at the token's price history.

Lucky Block (LBLOCK) is one of the newest tokens in the cryptocurrency market, and it had a surprisingly good start. The presale for LBLOCK was intended to end on 1 February 2022, but it sold out sooner than expected on 21 January 2022. Almost 9,000 holders invested $6 million in the Lucky Block project from the start. 

The Lucky Block's team planned to launch the token on PancakeSwap after the intended presale end date. However, because the token sold out sooner than expected, the team brought the launch forward to 26 January 2022. The official LBLOCK release increased the buzz around the project, as more than 18,000 users joined its Telegram group. 

Lucky Block made charity a major beneficiary. Following the official release day, on 27 January 2022, the Lucky Block project made its first $5,000 donation in cryptocurrency to charity, the British Red Cross.

LBLOCK saw a significant price rise following the token's release. On 28 January 2022, the token's price increased from $0.0008 on 28 January 2022 to $0.002 on 31 January. The price remained the same during the next month.

On 11 February 2022, Lucky Block announced its first exchange listings. The Hong Kong exchange LBank allowed investors to buy lottery tokens through the exchange platform. On the day of listing, LBLOCK's price hit a peak of $0.007.

On 14 February 2022, Lucky Block (LBLOCK) was listed on Binance, causing the token's price to rise again. LBLOCK token's price hit its peak of $0.009 on 17 February 2022 but closed the month at $0.0059.

Investors were waiting for the first daily jackpot lottery. Lucky Block announced one token holder would win a Lamborghini. The draw for this lottery would conclude once all 10,000 NFTs are sold. The first collection of 10,000 NFTs was listed for sale on 19 March 2022. In addition to that, the NFT holders were granted exclusive access to additional prizes.

On 30 May 2022, the Lucky Block crypto games platform announced the jackpot prize ticket sales, resulting in the token's price rising by 20%. However, multiple crashes in the sustained bear market resulted in several aggressive downturns, making the LBLOCK token's price trade below the $0.001 mark.

On 1 August 2022, the token was priced at $0.001476. Despite multiple listings and the launch of Lucky Block (V2), the token's price didn't significantly rise. Unlike Lucky Block (V1), which exists on the BSC chain, Lucky Block (V2) exists independently on the Ethereum chain.

LBLOCK technical analysis

The token's technical analysis is one more thing worth discussing before we proceed to the Lucky Block token price prediction.

Lucky Block (V1) (LBLOCK) is highly volatile. This means it experiences big swings in price. Considering how the token traded over the last month, Lucky Block (V1) has a short-term Technical Score of 65. A score of 65 is moderately bullish, putting Lucky Block (V1) above 65% of cryptocurrencies.

The Sentiment Score is Bullish. Our proprietary sentiment analysis studies a cryptocurrency's price action and volume trends over the last five days to see if investors are getting more enthusiastic about a cryptocurrency as it rises. In this case, investors are more positive than negative, but there are other cryptocurrencies with more momentum.

Is Lucky Block coin a good investment?

The value of the LBLOCK token is expected to expand. The asset shortage should result in a price rise. Investing in the Lucky Block today, you can get more benefits than when you trade other crypto assets. Besides the potential rise in the token's price, you can also win lottery prizes and the jackpot.

Lucky Block price prediction 2022-2030

Experts' reviews of the token are ridden with uncertainty because Lucky Block (LBLOCK) is a new player in the cryptocurrency market and the gambling sector it represents. Let's compare opinions on the Lucky Block (LBLOCK) future price predictions shared by different experts and analysts that have been made as of 15 October 2022. It's also worth noting that price predictions are nothing more than suggestions made based on the token's earlier performance. Long-term Lucky Block price predictions are often made using an algorithm, which can change anytime.

WalletInvestor Lucky Block token price prediction for 2022, 2025 and 2030

According to the Lucky Block (LBLOCK) price prediction shared by WalletInvestor, the token is a bad long-term investment and says the coin will be worth $0.0001 by the end of this year. The price of Lucky Block may drop from $0.0000993.

If you are looking for virtual currencies with good returns, LBLOCK can be a bad, high-risk one-year investment option.

DigitalCoinPrice's Lucky Block crypto price prediction for 2022, 2025 and 2030

DigitalCoinPrice's Lucky Block price prediction for 2022 estimates it will cross the level of $0.000231 by the end of 2022. Lucky Block (V1) is expected to reach a minimum fee of $0.000175. In addition, LBLOCK's price is capable of getting a maximum level of $0.000255.

The site's Lucky Block price prediction for 2025 is $0.000877, though it predicts the price to fall back to $0.000795 in 2026. Its Lucky Block price prediction for 2030 puts the token at an average of $0.002.

DigitalCoinPrice Lucky Block (LBLOCK) price prediction for 2022, 2025 and 2030

DigitalCoinPrice made a Lucky Block crypto price prediction that the token could average $0.000427 in 2022, $0.000980 in 2023 and $0.00131 in 2024. The Lucky Block price prediction for 2025 estimates the token could rise to $0.00169 before dipping to $0.00148 in 2026. By 2027, LBLOCK could be worth about $0.00210 and rise to $0.00298 in 2028, $0.00422 in 2029 and $0.00589 in 2030 before it may trade at $0.00800 in 2031.

PricePrediction Lucky Block crypto price prediction for 2022, 2025 and 2030

According to the LBLOCK price prediction published by PricePrediction, the token could rise to $0.001 in 2022 and $0.002 in 2023. The forecast indicated further upward movement as Lucky Block could reach $0.003 in 2025, $0.005 in 2026 and $0.007 in 2027.

CryptoPredictions Lucky Block future price prediction for 2022, 2025 and 2030

CryptoPredictions.com suggested the token could reach $0.002138 by the end of 2022. By September 2023, the forecast argued that LBLOCK could be valued at $0.003188 and then $0.0039299 a year later. By September 2025, the site said the token could trade at a little over $0.004 before it could go on to $0.00445 12 months from then and could close 2026 at $0.004526.

Lucky Block future forecast in general

Lucky Block has an outstanding potential to reach new heights in the future. Most experts and analysts agree that the LBLOCK token's price could increase in 2023, 2025 and 2030. According to some sources, Lucky Block could hit its highest price of $0.035 by 2030.

How high can the LBLOCK coin go?

The average price of Lucky Block (LBLOCK) might go to $0.001 by the end of this year. If we estimate the five-year plan, it is estimated that the coin will easily reach the $0.005 mark.

LBLOCK price prediction today

LBLOCK's price is expected to reach a maximum level of $0.001 at the end of 2022.