As people are panic selling out of cards, DEC, and SPS, they are missing the fact that the rental market is absolutely on fire right now.
This is the 2nd day in the new season and where I would usually be renting out my cards for about 6k DEC right now as the market put itself back together from another drunken season ending, right now I'm at 25k dec.
You read that right. My rental income is 25k today when 2 seasons ago it would have been 6k.
A 4x in DEC earnings while others are panic selling.
And its just getting started. A month from now I expect another double as the bots are still mostly offline. There are only 148k active users today. That's still WAY down from 400k just 20 days ago.
I tried to tell you. The rental market was about to explode higher. I also tried to tell you that playable cards were about to make a massive comeback while the CP strategy was way over played. The pendulum had to swing back and boy has it?
CP is dead... for now
The rewards card market has been destroyed. I think it was just week I was saying do not buy these new rewards cards unless you have an immediatel strategy to play them in and just can't wait. Today the old rewards cards have been taken down to nothing and the new rewards cards are right behind them. THe commom cards are already going for a penny while last week they were going for .10
Yes, they were renting for a little more when they were brand new but if you bought them for that price, getting your money back in rentals will take forever now. At least they collapsed quickly this time so yuo didn't have people doing silly things like buying them for $5 like they were with Venari Wavesmiths (now 3 cents) or $60 like they were with some of the Djinn Oshannus (now sub $2).
But now CP is oversold.
No, its not worth anything right now but when the bots come back in probably a month or two from now, CP will catch a bid again. Its still 250k bot accounts vying for enough CP to get them into silver. At these prices you could buy enough CP to get you to silver 3 for just $15. Contrast that to the market peak last year when it cost $400.
So, last week these rewards cards were dangerous to buy but this week they are so cheap that they are worth looking at. I still think there are better buys out there but that's just because I think there are going to be weeks or months of those cards just sitting there making you no money while other cards are paying out big.
So what's renting out for the big bucks?
Summoners. Legendaries. Neutral cards.
Level 1 cards are still doing better than everything else despite the constant predictions that this will change and we should combine all our cards.
Krons are notably showing signs of life again as they've now broken back above 100 dec. These dropped from 500 dec rentals down to 15 before. I wouldn't buy anymore Krons right now for the income though. They are just too expensive for that rate to be worth it. I already have 7 of them though so they might be worth it for you. There's a good chance with only 2600 in print, Kron will be a $700 card again one day (Not financial advice)
If I were buying right now for rentals (and I am) I would not be spending more than $5 per card. Cheap playable (non-reward) cards are where it's at. There are so many cards paying out at over 100% APR it's silly.
Before I head out, I want to address the elephant in the room here.
While I'm telling you the rental market is on fire, the USD value of the market is actually lower than it was 2 season ago when it was averaging around $6-7k.
This is true. And this matters. The biggest reason why it is lower is because the crypto market trashed DEC to 30% below even its "peg". This is also a big reason why card prices are dropping right now. You can sell cheaper and still get the amount of DEC you would otherwise get. The best way to buy right now because of that is with fiat. You get the deal and don't spend your DEC at this deflated price.
Personally I'm spending tons of DEC right now because some of these prices are too good even with DEC getting crushed and I can start my rental income immediately. The rental income on many of these cards even with dec this low pays for itself in just over 200 days so I really don't care. At some point people will understand what I'm saying here and card prices will move.
**So right now, I'm spending every last drop of rental income on more cards as soon as I get it. **
Back to the dollar value of rentals. Two things are going on. One is dec. If Dec went back up you'd see that number at $7500-$10k if it broke its peg to the upside a bit again. This would be in the beginning of the season when those numbers would be unheard of. And second. This is a bifurcated market. The cards that used to rent out aren't and the cards that didn't are. But we are doing these numbers with 1/3rd the player base and we should fully expect the entire player base to come back soon. Still only a few bots have figured out the rental market at all.
Last season I did 144k in total dec for my rentals. This season I'm already up to 48k just two days in. I expect to be averaging 30-35k per day by early next season and a few months from now I expect to be around 50-60k dec per day when CP comes back.
Splinterlands is a megabeast that is starting to stir and y'all are selling.
Posted Using LeoFinance Beta
