Lucky Block Celebrates 30K Holder Count Amid Price Surge

Updated:

New reports show that the crypto lottery platform Lucky Block (LBLOCK) has crossed a new milestone after the project announced that 30,000 wallets now hold its LBLOCK token only three weeks after it began trading publicly. This development comes after a string of positive announcements for the platform.

The Lucky Block team announced via its Twitter and Telegram pages yesterday that the beta testing of its mobile app would begin on March 7, two weeks before the proper launch of the product on March 21.

With the first lottery draw scheduled to hold on March 25, the LBLOCK team has their work cut out for them and has asserted that all programs would run as scheduled without fail.

Once this mobile app goes live, users of the LBLOCK DEX wallet will be able to purchase lottery tickets directly through the iOS and Android app on their mobile devices using LBLOCK tokens.

Meanwhile, the LBLOCK community took the latest development with good faith as its price reflected the possible mood in the community.

In other news, LBLOCK CEO Scott Ryder recently revealed that the platform has applied to be hosted on Bitfinex, explaining:

“I can now confirm our application to List on Bitfinex has been submitted, and we are in direct contact with them. This is now another huge step forward for Lucky Block and the community. Our goal is to gain an additional 70,000 holders to Lucky Block within the next 5-6 weeks, bringing our total to 100,000. This is extremely bullish news, and we look forward to bringing plenty of additional good news next week!”

Key Lucky Block Levels to Watch — February 16

LBLOCK continues on its aggressive bullish charge as the lottery crypto snatches another record high above the $0.0075 mark. Last Friday, the cryptocurrency suffered a sharp rejection from the mentioned level, which sent it on a correction spree towards the $0.0040 support.

Shortly after this correction, however, LBLOCK regained some stability and consolidated around the $0.0045 support for a little while, before continuing on its journey higher.

At press time, the lottery token is in price discovery mode around $0.0077 and trades up by over 2,500% since it became publicly listed. With the latest development and possibly more to follow in the near term, LBLOCK could flip the $0.01 mark in the coming days.

Meanwhile, my resistance levels are at $0.0080, $0.0085, and $0.0090, and my support levels are at $0.0070, $0.0065, and $0.0060.

Total Market Capitalization: $1.96 trillion

Lucky Block Market Capitalization: $787.1 million

 

You can purchase crypto coins here: Buy Tokens

 

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.