Is it time to buy GLG Packs?
A quick lok at the GLG marketplace shows that there's only $65 of 24 hours trading volume. That's rather low for this project but considering that these assets don't even have any real value right now, it is fair value.
Another thing I noticed is the general price of cards have reduced. At the time of writing, the most expensive card in the game is only worth $90 in the market.
SOmeone has to pay $90 for it for it to actually be worth that amount but for the sake of this conversation and the fact that we can't track activities, lets assume that's the price. There will be other players who placed theirs at higher prices but the game only highlights the least listed price of a card.
Finally, I also noticed that the most expensive card in the game is a player and not a coach. I must admit that was somewhat surprising considering there's generally more interest in coaches than players.
My assumption of the higher interesting coaches is due to the fact that all my sales so far have been coaches. Not a single player I put on the market has been purchased and that doesn't seem like changing.
Time to buy packs?
It is possible that prices could drop lower but I doubt it will be significant. Meaning that if you harbour any interest in getting involved, this might be as good a time as ever.
At the time of writing, packs are also selling for a bit more than $1, pointing at yet another opportunity to grow your collection or just hodl. My relocation plans have been regularly documented here but despite the need to liquidate, I think I'll be buying packs very soon.
With a bit of luck, I could add some decent cards to my collection if I gamble on packs from hive-engine. There's no reason why anyone should even consider buying it for $5 in-game because there's no airdrop or any other incentive that mandates purchasing it at that price.
In fact, even at around $1.1 per pack, the total trading volume in the last 24 hours is $170. This low turnout points at the general state of the game these days and like I've said for a long time, the only thing that could turn around the fortunes of this project is the launch of the game.
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In short, since we are long past the selling time we might as well buy some? :)
Good luck!
@tipu curate
Upvoted 👌 (Mana: 35/75) Liquid rewards.
Wow...what a dead market because lack of utility at the moment. A shame the see because the game in general seems good and I have been staking since day 1.
So curious to see what coms out and indeed....maybe it is time to extend the packs a bit more while the bears are still here right!