Good morning SplinterFarmers!!! It's time for another Daily SplinterLAND 1.75 Resource Snapshot!!
I changed the payout to 50% @SPS.DAO because this is taking longer and longer to create/edit/analyze. At first it took literally 5 minutes. Now however, it has evolved and I have come back to the top to enter this part but it is almost an hour of work to create this!
In addition to Bee Balanced - Check out the Resource Graph Data on @beaker007's site:
https://demo.spl-stats.com/land-resources
I can see that growing into a very useful data plot & tracker as these markets continue to emerge!
I can also show you the chart for now...
I can't code stuff like that because I'm not that cool... so I am off to do my stone-age post for the other Geriatrics like myself
Resource prices continue their downward trend this morning as Praetoria shifts their PP around to try and optimize their output post Land 1.75!
It may be hard to believe but we are over a week into the launch of the major Land Update so lets take a look at how that is playing out:
Grain fell further from the 1 DEC = 50 Grain high to 1 DEC = 97.22 Grain with another 1% decline today. There is no telling where this will settle but I can tell you Grain Plots are still in extremely high demand and we may have found a floor...
Wood prices have fallen again but that's "weird" because Wood is still trading well under the PP Based Pricing Metric - so I have no idea what's going on lol
PP Based Pricing Metrics are 4:1 Grain:Wood so if we measured prices with our PP's then Wood should be trading at roughly 4 x 10.286 DEC or 41.144 DEC per Kilo, so Wood seems to be fairly undervalued at the moment!
Prices are falling like meteor - aka SPACE STONE... but they are still well over the PP Based Pricing Metric, so I expect this to continue until we achieve balance!
PP Based Metrics are 10:1 Grain:Stone so a PP based price would have Stone priced at 102.86. Stone prices are down to 147.332 DEC per Kilo so we are approaching the PP Price... which means Stone price action should slow down... but who knows lol.
This is certain not financial advice as we are talking about the economies of a video game but hey, here's the data, I hope it helps 🤷♂
Iron prices also tanked today losing another 16% today to 323.884 DEC per Kilo as we attempt to find a bottom here in the Praetorian ComEx.
Keep in mind Iron is the hardest Resource to acquire, requiring a LOT of effort to extract it. Grain has a .02PP Requirement whereas Iron is .0005 or 40X harder to Mine! Will this transfer a premium to Iron? Who knows! We're a week in and this is EXCITING!!
PP Based Price Metrics put Iron at 40:1 Grain:Iron so that would mean if Grain:DEC is trading at 10.286 DEC per Kilo if Grain, then Iron should be 411.44 DEC per Kilo or so.
Hey look! They got their own section!! This is a simple breakout highlighting whether or not a Resource is trading Over/Under their PP Based Price. Perhaps it will act as a Market Indicator to let us know if a resource is Under/Overvalued at present????
Here's another handy dandy chart - I think @aggroed and others are posting something super similar to this as well so I love having more than one person looking at this data!
At the end of the day, the Market will Market... but at least we have some people who are actively tracking an analyzing the data!
NEW - I think I'll add one more piece to the above chart tomorrow... but I need to think more on it...
I hope this helps people visualize what the prices of these resources are doing post Land 1.75 Release!!
Let's give thanks and shoutouts to those making it happen!!
Shoutout to @cryptomancer for their work on Splinterlands, without you, we wouldn't have Land 1.75!!
Shoutout to @Beaker007 again for all the work they're putting in to help create these awesome tools we can use!
Shoutout to @aggroed for their analysis and it's good seeing you in the Discord again :)
That's all I have for you today folks!! Thank you for reading and I would LOVE for you to join me in game!!
Naturally, after everything leading up to this moment, I believe Splinterlands is one of the BEST web3 games out there!
It brings the #play2earn feature to the forefront of development as well as many opportunities for people to earn rewards - whether Player or Investor!!
If you're interested in the future of gaming, it's worth checking out!
You can sign up here: Splinterlands
Cheers 🍻,
- CaptainDingus
#Splinterlands #Hive #LAND #play2earn #web3 #NFTGaming #Rebellion #Conflicts #SurvivalMode