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RE: Splinterland's DEC Token Price Freefalling?
Interesting stats .....
I'll have to admit that I'm a little shocked that the peg on packs to 1000 DEC = $1 USD hasn't kept DEC price closer to the $1 mark on Steem-Engine.
I have read a lot of posts on people pack openings and noticed a consistent pattern. The DEC burn rate on packs are always lower than the initial purchase. Maybe the packs are overpriced so open market is readjusting.
Packs have always been over priced. I purchased most my collection via buying BETA packs and it was a rare occasion that the contents met the $2 price I paid for them. The hope is that the cards value increase once the edition is sold out or once we gain some resemblance of mass adaption.
Booster purchasing is like buying a lotto ticket in which we hope to hit a card worth more than the $2 value. In most cases its much better to buy individual cards directly from the market but that would mean we wouldn't have any chance of hitting a $100 card for just $2.
Its very likely that the UNTAMED cards value keep dropping (at least in the short term) until they near their DEC value. Of course I could be wrong on that but that's my prediction.
I feel the same way as "buying a lotto ticket" when it comes to packs and I am really really trying very hard not to spend any fiat. I basically lost my shirt in the last crypto market drop and very fearful to jump back in. But all those cheap cards in Beta and Untamed I feel will be worth more in a year or two. Alpha cards are the living proof.