The Play2Earn Report - Week 04/2023

Looks like the week is already over again so it's time for my weekly Play2Earn Report. I had a rather stressful week and spent the weekend with friends on the other end of Germany, so I didn't find the time to publish any articles. I did get into Splinterforge, though, and while it's too early to tell if I will stick around or not, I should at least come around to write an article about my first impression soonish. I also have some more games I want to talk about for my Have You Played series, but that's for another day.

For now, I just want to take a loot at my assets and what they did for the week:

@khazbot

Now that's an interesting week for sure! Land plots have gone down a bit in value making curtailing the overall growth of my account value, but especially cards have appreciated significantly in the last 7 days. Across both my playing and my rental account, card value has gone up more than 10% last week - pretty awesome! SPS has also increased a bit in value but it's moving a lot slower than the "hard" assets.

The other major mover last week has been GLX which lost quite a bit of its value. This is probably due to some investors deciding to move out of GLX after the town-hall which some found to be lacking. Frankly, I'm not too worried about that right now. Even more so, I don't care much for the price of GLX for the next months. The whole ecosystem is set up to get the GLX-burning-flywheel going as quickly as possible and if it does find any success, that should reflect in the value of GLX rather significantly. Short term, though, we might see more selling pressure for GLX.:

The second phase of the presale is starting in only a couple of days and to tell the truth, I don't expect much to happen there right away. A few packs might get sold here and there, but overall I don't think there's much demand for packs right now. Anybody interested would have bought in phase 1 when packs still were $5 a pop. Some people might mistake that for the sky falling and so some more investors will try and flee out of GLX before "it's too late". I actually expect GLX to go as low as $0.01 each before the flywheel kicks in and interest starts to ramp up. Now that certainly is a great buying opportunity. But since I'm getting a lot of GLX for free anyway, I probably won't buy any more unless we dip even lower.

Anyway, that's all from me for today, I should be back soon with several new articles for the week. Thank you all for reading and enjoy the rest of your weekend!