Splinterlands Card Market Review & Action - NFA 💸

Analyzing Card Market And Making Some Moves

Context: Cards Mcap now is around $45Mi Usd, trying to use some TA (technical analysis) concepts, before previous bullrun we can see a resistence at 25Mi (where red line is drawn), which was right before a big move where many stuffs happened, nft market hype and fomo, sps airdrop and CL edition release after it... We see an ath (all time high) at 275Mi, some folks says that a crypto bear market or bottom is around 80% to 90% bellow ath, so we look to be in that accumulation zone (55Mi to 27,5 Mi), which could go again near 25Mi, that actually makes sense that previous resistence turn into a support now, so following that is shown that there are still some arbitrages going on with pack flippings, but still imo it makes sense if you are confortable into dca at that range (dollar cost average), because from 45Mi to 27,5 Mi or so its still something like a ~40% decrease. And of course, if you believe in the project and its future...

So anyway, 2 weeks ago I started buying some individual cards at market and lowering my rental cost to play in modern champion, burned some gladius to gather funds and traded off other assets... cards seen already cheap, got a max chaos dragon for 18 bucks, lira the dark, and complementary legendaries from rewards like venator kinjo, countess sinashi and jared scar, I go looking for scarcity and utility on gameplay... So my strategy is that if market goes down I'll accumulate more of others Im looking into

Another context is that CL packs are over on the rewards pool, so no more supply to be issued, and we are gonna see it mainly through 3rd markets or events, which adds scarcity

But what mainly needs to be talked and why Im writing is because the average CL pack value (according to splintercards platform) is above its costs on hive engine/tribaldex. So on average looks that large ammounts flippings could turn into over 30% profit (as I said, on short term, because of others market factors and long term behaviors).

Average Value: $0,855 usd

Actual Cost: $0,646 usd (without potion cost)

Honestly, this looks like the trader's Black Friday to me. So I went to flip 60 packs, cost at today's morning was actually at ~ $0,67 and the total was something around 40 usd bucks...

I was insanely lucky and got almost 250% profit over it, pulling GFL Immortalis summoner, which is the second most expensive card from CL 👀

Got others legendaries and regular Jacek, which is a good legendary summoner and worth over 5 bucks, which are another 8 packs current value

For my surprise I bended reality here lol and the last card was a GFL Adelade, which is around 30 bucks at bid price, I'll look into selling it on next weeks after its unlocked if the arbitrage is still on or if market is cheaper.