RE: The Hyperdeflation Of Splinterlands: Why The Cards Are Exploding In Price
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Great post. Would you the price of DEC to fall eventually? I'm definitely interested in picking up some lands soon, but ideally DEC wouldn't be so close to that 0.0001 price.
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I wouldn't count on it. DICE packs are a great sink for DEC and prices of the cards are high, so people keep buying them with DEC. Then we have four liquidity pools on 2x on ETH, 1x on BSC and 1x on HIVE, which will also further stabilize the price. And the new Guild Wars might have a small sink as well in form of new guild buildings. In fact, this seems to be the first time, that DEC price is stabilizing close to the soft peg of 1 USD = 1000 DEC.
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Haha, I guess I should have bounced on DEC on my first few days: pretty sure it was around 1 USD = 2000 DEC at that point. But then again, can't say I would have picked up as much as I would pick up today.