Lucky Block Set to Carry Out $1 Million NFT Raffle in Mid-May

Lucky Block (LBLOCK) will show investors just how valuable its NFT collection is in Q2, 2022, as it plans to launch its NFT prize draws and a whopping $1 million NFT jackpot. The $1 million draw will take place a few weeks from now.

Intending participants of the draw simply have to buy and hold one or more out of the 10,000 Platinum Rollers Club NFTs. Each NFT is the raffle ticket, meaning that those holding more NFTs stand a higher chance of winning the draw.

Interested participants can purchase one of Lucky Block’s NFTs on the NFT Launchpad. Already, 1,500 NFTs have been sold while another 1,000 are on presale on the marketplace.

A second jackpot will commence once all 10,000 NFTs have been sold, with the winner of the draw going home with a Lamborghini Aventador, worth almost half a million dollars.

That said, other NFT holders are not left out as the LBLOCK network would hold a daily prize draw and NFT holders have an exclusive lifetime entry into this daily draw. The daily draw includes 2% of the network’s main jackpot draw, as it aims at onboarding more investors globally.

Meanwhile, 25 of 10,000 non-fungible tokens have rare attributes that double the amount of any jackpot winnings.

Key Lucky Block Levels to Watch — May 6

LBLOCK remained on the backfoot on Friday as the broader market sentiment exerted pressure on the lottery cryptocurrency. This pressure caused the cryptocurrency to face rejection from the 100 EMA resistance at $0.0018 on Tuesday, as it breached $0.0015 again.

That said, I expect to see a reversal and a retest of the 100 EMA at $0.0017 over the weekend, as volatility surges. After that, the range becomes clear for an attempt at the $0.0025 again.

Meanwhile, my resistance levels are at $0.0015, $0.0020, and $0.0025, and my support levels are at $0.0012, $0.0010, and $0.0008.

Total Market Capitalization: $1.65 trillion

Lucky Block Market Capitalization: $140.2 million