Card Prices Near Burn Rate? (July 2023)
There are multiple variables that will factor in on how prices of cards can fall at or maybe even below their DEC burn rate. Currently the market is close to another period that could have cards selling for at DEC burn rate, which means one of the best times ever to be buying up cards.
DEC in Terms of $
A major reason why cards is getting closer to their burn rate is the actual $ value of DEC. Often when DEC price in terms of $ is closer to peg it will cost less DEC to purchase the same card at higher $. When on occasions where open markets have crypto tokens spike in value temporary then those are the moments to look over the open market to see if one can snatch some deals.
With a higher DEC value there would be less needed to purchase the card. Sometimes these events happen so fast that players have bots searching for deals automatically and sales of cards at or below their DEC burn rate is bought before we can even see them.
Supply and Demand
The old saying is buy low and sell high. We are currently closer to a low point than a high point. Sometimes whales or players with a significant amount of cards that needs to offload onto the markets it may force prices lower. Supply increasing can often lead to lower prices.
In the instance of cards being close to burn rate they are more often reward cards. This is because reward cards are earned hence they are the most abundant to be sold on the open market. In any case the cards are still useful in play and if one can snatch a deal it could bring in passive income by being rented out.
How Often This Happens?
Not often at all. To purchase a card at face value is like trading in 1 DEC for another DEC. This don't happen often and I prefer to hold a card versus DEC. Since DEC has no passive income but holding a card I can use it in battle or rent it out or delegate it out.
Its been a while since I seen cards priced this low in terms of DEC value. Although I do admit its getting difficult to amass a larger sum of DEC now than in past as the token itself is getting scarce. Yet to see card prices hit closer to burn rate it is making some cards attractive to obtain.
Until next time thanks for reading!!!
I have plenty of other cards for rent! Just go on peakmonsters and check out the market place and if you are curious what I offer here is a link:
I am a bit surprised to see this. I saw the pumps after the printing stopped and the prices skyrocketed. It's kind of weird to see that the prices drop back down to the range closer to the burn rate.
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