Between LBLOCK, the crypto-lottery, and SHIB, the Dogecoin-based cryptocurrency, which has the most potential?
Before investing in one of the two cryptocurrencies, you must first take the time to get to know each of them well.
What is Lucky Block (LBLOCK)?
Launched towards the end of January 2022, Lucky Block quickly gained the attention of crypto enthusiasts with its original concept, as well as the profitable rewards that it gives to its users. The online lottery is innovative in terms of its gambling methods and has clearly revolutionized the online gambling industry by promoting transparency and fairness in its games. It currently has nearly 4.5 million users per month and a rich community of nearly 40,000 members on Telegram.
Its native token, the LBLOCK, has more than 30,000 holders. During its presale on January 20, Lucky Block managed to raise more than $5.7 million. It has been available on Pancakeswap for a few weeks and its current price is around $0.005. Lucky Block has also recently been listed on LBank. When that happened, LBLOCK reached an all-time high of $0.0075. In the next few months, LBLOCK may further increase in value. Hence, buying Lucky Block could prove to be profitable, especially after the draw which will take place on March 25 and whose prize pool is estimated at more than $5 million.
What is Shiba Inu (SHIB)?
Launched in 2021, Shiba Inu (SHIB) was originally a Dogecoin-based crypto created by a group of people with the pseudonym of Riyoshi. SHIB made itself known in part thanks to Elon Musk, one of the biggest supporters of Dogecoin. It all started from the influence that the likes of Musk had, as well as the support it got from major businesses in the US. The crypto market in general was very bullish in 2021. As a result, in October 2021, SHIB reached the all-time high of $0.000089, which meant an increase of more than 74,000,000% since January of the same year.
This rise was the first of its kind in the crypto universe. However,the chances of it ever happening again are relatively slim to non-existent. Analysts, however, argue that cryptocurrencies have unlimited room for growth. It is, therefore, possible that the value of Shiba Inu may skyrocket again. Recall that SHIB is currently trading nearly 75% below its all-time high. Its market capitalization is $11 billion. What makes it attractive is its relatively low price. Indeed, with $100, it is possible to obtain millions of tokens. For those who want to invest at low prices, SHIB could be the right place to start.
Conclusion: Which One is Better?
So, is it better to invest in Lucky Block (LBLOCK) or in Shiba Inu (SHIB)? Even with optimistic forecasts, it seems clear that SHIB may keep its same market share and influence on the market. LBLOCK, on the other hand, could be profitable in the short and long term, and it has a lower market cap, leaving more room for growth. Both SHIB and LBLOCK have quite the potential for the coming years, however.
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More about the author: Almmaye
Alm Maye has been a trader and analyst since 2013. He is an expert in equity markets, Forex, and cryptocurrencies. Additionally, He is the creator of Almvest.com and Imveste.com, two sites dedicated to finance. He participates in the development of featured articles on various sites such as Actions-boursieres.fr, as well as the international network of Finixio.com.