Splinterlands - Individual Card Rising Prices?
This may sound odd with current crypto market going down then why would Splinterlands cards appear to be holding up their value. Is this even valid? We look at it in this post as we see what current prices are and where I think we are heading.
I have been covering a lot of Splinterland posts regarding price of individual cards on the open market. Most of the posts came around the third pre sale of Chaos Legions cards because I wanted to commit to buying individual cards instead of booster packs. Now after a few days into the actual sale I am astonish that my predicted outcome not only is not happening.
Price Over DEC Burn Rate
The bottom base value of a card is the DEC burn rate value. That is when you burn a specific card it is no longer in existence and in return you have a fix set of DEC tokens. I always like to start of comparing the cost of a card compared to its DEC burn rate to identify the DEC premium I am paying if I purchased the card. Peakmonster's buy tab under compare "Price Above Burn" does that automatically.
As of now there are less than 10 cards with a price above DEC burn rate of just below 2x. This is based on current prices and of all cards in circulation. This includes the still expanding rewards cards distribution and increase pack openings of Chaos Legion packs. The cards are selling off the shelf even when even when the ratio of DEC cost over the burn rate rising!
DEC Price Free Falling
Big part as to why the price of cards per DEC rates are rising is because the actual $ price of DEC has been falling. The last couple of days the ratio of DEC relative to Hive has risen, but it is mainly because price of Hive in $ is dropping.
The end result is a devalue in DEC therefore it will cost more DEC to purchase the cards even as the $ price of cards are falling. In addition the DEC rewards in rank battles are dropping in quantity as the $ value of DEC is dropping. This makes new DEC scarce while existing ones drop in value and require more DEC to purchase Splinterlands assets.
Real Value of Cards in $ Dropping
The spin to this is that the actual $ cost of the card has been falling even as the Chaos packs are in the third pre-sale. Players who are in the game however is not seeing this because their holdings associated to Splinterlands such as DEC and SPS tokens have been dropping in value. Card values drop to coincide with token prices.
Yet for players who are just starting or players investing outside money into the game maybe benefiting from this Splinterlands dollar price drop. Cards in terms of $ value is dropping leading to buy in being more affordable. While players who already own cards and in game tokens are suffering the same fate of the overall cryptocurrency markets. A trend to the down side.
Conclusions
The title of the post may have been a click bait, but it is true that card prices are becoming more expensive. It is more expensive in terms of DEC and SPS value. On the overall picture the cards are lower in $ value but players who are already established in the game would not be benefiting from this.
To summarize we look at monstermarket's calculator to purchasing a max Chaos Legions set of cards. We can see that currently in dollar terms it is under $8k to get a full set of cards. Yet the required DEC to spend and obtain this set is 2,650,000 which is slightly round down over a total DEC burn rate of the set at 321,600. 8.24x the price to purchase the entire card collection. I end the post with those data points. About a week ago I did the same total cost of a Chaos max level set prior to the third pre-sale and here were the results:
The USD dollar cost has dropped by over $2k but the DEC value has risen over 100k. Cards to me and other players who are currently invested in Splinterlands is seeing higher prices!!!
Until next time thanks for reading!!!
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