Lucky Block (LBLOCK) is a global lottery system for players that uses blockchain protocols.It is powered by the Binance Smart Chain blockchain network.It aims to bring security, transparency, and fairness to the global lottery system by giving every player a better chance of winning.
With blockchain networks expanding into the gambling and lottery industries, the decentralized application that generates random numbers handles payout processes, and cross-game asset exchange is becoming more popular.The token was recently added to the centralized crypto exchange, Lucky Block, prior to the lottery’s March 21 launch.
On Monday, the LBLOCK/USD is trading at 0.0056 level, having recovered a bit from a low of $0.0032 amid optimism in the crypto market.Let’s check out all the major fundamentals that are driving price action in the cryptomarket.
Buy Lucky Block (LBlock) Now > Cryptocurrency War – Ukraine Records Inflow of About $17 Million The Ukrainian government’s official Twitter account posted addresses for two crypto wallets that accept BTC, ETH, and USDT coins as donations on Saturday.It all started when Russia invaded Ukraine, and the Ukrainian government asked for help and support via Twitter in the form of cryptocurrency donations for its civilians and troops.
Ukraine is still getting a lot of donations in cryptocurrency, with the total value now at $30 million, or $27.2 million.
This comes as more people show their support for Ukraine amid a growing Russian invasion.
Non-governmental organizations (NGOs) are also raising funds to support the military.
According to Elliptic, a blockchain analytics business, Ukrainian NGOs have raised $17.2 million in cryptocurrency donations.
People were also sending NFTs to the government’s Ethereum account.The funds also included a single $1.86 million donation derived from the sale of NFTs.Hence, the increased cryptocurrency donations drive optimism for the digital assets, underpinning the leading cryptocurrencies.
Lucky Block NFT In Highlights As per the recent tweet from LBLOCK, their NFT collection is ready.
Quoting the recent tweet: “Lucky Block #NFT ! We’re happy to announce the first Lucky Block #NFT collection – The Platinum Rollers Club To put it simply, we’ll be releasing 10,000 NFT pieces that will guarantee you entry for life to our NFT lottery.” This may underpin LBLOCK prices in the coming days.
For the time being, the Lucky Block price is consolidating around $0.0077.
Check out the official Lucky Block telegram channel as the Lucky Block market capitalization and other price metrics are updated when an investor purchases Lucky Block.
$9 Billion Crypto Mystery Solved One of the most significant hacks in the history of crypto was the DAO hack, which happened in 2016.The hack remained unsolved for almost six years and stole about 3.6 million ETH tokens worth about $9 billion at the current price.
This week, a journalist named Laura Shin has said in her new book that she might have discovered the person behind it.
One of the most important things about this hack was that it led to a “hard fork” in the Ethereum blockchain, creating a new blockchain.This week, Ethereum, one of the most prominent blockchains and an unsolved hacking case in its history, became major news.In her book “The Cryptopians,” Shin said that she traced the hacker to an Australian programmer who had been active in the early crypto industry.She tracked him by using tracking tools from Chain analysis.
She even contacted the programmer, but he denied her claims.
If Shin was right about it and if she has discovered the right person behind the DAO hack, it means she has solved the second biggest mystery in the crypto world.The biggest mystery is the identity of Satoshi Nakamoto, Bitcoin’s creator.
Curio – NFT Platform joins forces with Universal Music Group Recently, Universal Music Group announced a partnership with NFT platform Curio to develop NFT collections for its record labels and artists.The world’s largest music company has plans to add a new revenue stream through this partnership.
In addition, curio will help Universal Music develop digital artwork and other collectibles for its artists.The NFT platform will also serve as an online outlet for those collectibles and digital artwork where fans can buy officially licensed NFTs.
The whole process is expected to start in March with a collaboration between Capitol Music Group and the British singer and songwriter Calum Scott.
LBlock Price Chart – Symmetrical Triangle in Play Lucky Block Price Prediction – Why $0.0065 is Crucial for LBLOCK? So far, the LBLOCK has done well, trading in line with my Lucky Block price prediction .
So, if you’re new to this token, allow me to walk you through it quickly.During the early European session, the LBLOCK/USD tested the major resistance level of $0.0068 level before taking a bearish reversal.Since the Lucky Block has failed to crossover the $0.0068 line, the LBLOCK price may find immediate support at the $0.0040 level.
A break below $0.0032 may drive a further downtrend until 0.0020 or $0.0006.However, the upward trendline may support the LBLOCK price near the $0.0032 level.
The closing of candles above this level has the potential to drive an uptrend in LBLOCK.On the 4-hour chart, the LBLOCK/USD has formed a symmetrical triangle pattern which is keeping LBLOCK trading choppy.
LBLOCK’s immediate resistance stays at 0.0068 level and a surge in demand can trigger a breakout.LBLOCK price can head towards the next resistance level of $0.0080 or $0.0096.A break above the $0.096 level can expose the coin price towards $0.0115.
On the bearish side, LBLOCK’s immediate support remains at $0.0050 and $0.0035.Leading technical indicators, such as the RSI and MACD, support indecision.Therefore, the violation of a symmetrical triangle may determine the further trends in LBLOCK.
That’s all I’ve got for now.Best wishes!
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