Lucky Block (LBLOCK) Prepares for Rally Ahead of May Jackpot

Updated:

Lucky Block (LBLOCK) is taking a different approach to the crypto ‘play-to-earn’ (P2E) gaming concept, offering a free jackpot draw to token and NFT holders.

Instead of going the conventional video game way like Axie Infinity, Gods Unchained, Splinterlands, My Neighbor Alice and others — or creating a metaverse like Decentraland, The Sandbox, or Otherside by Yuga Labs— Lucky Block aims at offering a sweepstakes jackpot prize pool.

The crypto project will hold daily jackpots, competitions, and other crypto giveaways—with room for more activities considering that the P2E project is in an early stage in its development—aimed at creating a decentralized crypto games platform where ‘everyone’s a winner.’ This creates a means for users and holders to earn passive income without directly partaking in the process.

Along with the more transparent odds it offers on the Binance Smart Chain (BSC) blockchain, holders of LBLOCK or one or more of its NFTs receive a small chunk of each jackpot to incentivize long-term holding and staking in the project.

Meanwhile, 10% of each jackpot is re-invested into their base of investors as redistributed profit, while another 2% goes towards the NFT prize pool—a different series of daily draws.

Key Lucky Block Levels to Watch — May 29

Amid the persisting bearish market sentiment, LBLOCK has reverted to the $0.0020 low. However, the cryptocurrency appears to have solid support from the 100 EMA around that level, which has propped it and dissipated the bearish momentum.

LBLOCK 4-Hour Chart on TradingView

Over the coming days, we should see a sharp rebound higher. With the Lucky Block jackpot draw slated for Tuesday, LBLOCK could post a bullish rally towards the $0.0030 top, or higher, in the ensuing days. That said, all eyes are trained on the upcoming event for trading cues.

Meanwhile, my resistance levels are at $0.0022, $0.0025, and $0.0028, and my support levels are at $0.0022, $0.0020, and $0.0015.

Total Market Capitalization: $1.22 trillion

Lucky Block Market Capitalization: $210.13 million

 

You can purchase Lucky Block here. Buy LBlock

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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.