This Crypto Competitions Platform Has a Major Announcement Coming Next Week – What Could It Be?
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Lucky Block (LBLOCK) has risen by 0.5% in the past 24 hours, after the moderators of its Discord channel revealed that the NFT competitions and rewards platform is set to make a big announcement next week. Despite this increase, the altcoin remains down by 8% in seven days and by 28% in a month, with ongoing market-wide negativity undermining any momentum the expected news could be generating.
Since going live earlier this year, Lucky Block has expanded its cryptocurrency games platform to include a variety of new competitions, including NFT-based draws that provide users with the chance to win prizes such as five-star vacations, a Lamborghini, $1 million in BTC, and luxury homes. And with next week brining another major announcement, speculation is mounting that a new product or feature is likely to be added to Lucky Block's platform.
As of writing, LBLOCK's current price is $0.00014600, putting it 10% up from lows of around $0.0001316 recorded earlier this week.
LBLOCK's indicators present a mixed picture. Its relative strength index (purple) is hovering just under 50, signalling declining momentum, without the coin being oversold. Meanwhile, its 30-day moving average (red) is more or less level with its 200-day average (blue), meaning LBLOCKs price could go either way from a technical perspective.
However, Lucky Block's Discord admin has let slip that some big news is brewing, while a team member familiar with the matter has told Cryptonews.com that a new product launch is coming, and could be here as early as next week.
As for what a new product may be, observers can only
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