Good morning SplinterFarmers!!! Let's go check the Resource Logs!!
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'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 rebounded today after over a week of falling prices, this could be a little sign of life for the market as we burn through the years of stored up grain! Prices rose just over 2% to put Grain back at the 1 DEC for 95 Grain mark. We shall see if this is temporary or perhaps signs of the trend to come?
Wood prices still sinking faster than the Titanic though... Good lord, another 15% drop today with a Kilo of Wood bringing only 25 DEC.
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 10.502 DEC or 42.008 DEC per Kilo, so Wood seems to be more than a little undervalued at the moment... but who knows lol!
Prices have continued to fall, dropping another 12% on the news that Rock is a part of Rock and Roll and that, my friends... will send you straight to Hell!! It's all lies of course but FUD is powerful and sent the markets further into the red...
PP Based Metrics are 10:1 Grain:Stone so a PP based price would have Stone priced at 105.02... So oddly enough, Stone is still a little Overvalued according to the PP Metric... and it's the only Resource to be Overvalued... Weird.
This is certain not financial advice as we are talking about the Resource Economies of a video game but hey, here's the data, I hope it helps 🤷♂
Iron prices fell the least of the three Land 1.75 Resources, coming down 3.88%. This brings them down to 311 DEC for a Kilo of Iron which is well under their PP Based Pricing Metric...
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 almost two weeks in and this is still EXCITING but extremely hard to predict!!
PP Based Price Metrics put Iron at 40:1 Grain:Iron so that would mean if Grain:DEC is trading at 10.502 DEC Kilo if Grain, then Iron should be 420.08 DEC per Kilo or so...
Nice.
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!
I hope this helps people visualize what the prices of these resources are doing post Land 1.75 Release!!
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