My mother told me it shot from 180k to 205k today? Anything happening? Anything releasing?
My mother told me it shot from 180k to 205k today? Anything happening? Anything releasing?
Could be a few reasons. Token prices tend to rise in the weeks leading up to a patch as well as interest in wow classic.
I expect prices to shot up rather drastically early august as people "cash out" of live.
If it goes up, that means what...... less in the economy. If the price goes down, well it's cause people are undcutting because they can't sell at the current price.
It's not a new concept.
It’s going with the price of the stock market.
Supply/demand.
If you knew the candle was fire then the meal was cooked a long time ago.
Interesting. I thought you could at least determine the value of your token, since you paid money for it.
How would that have an effect on the WoW token? Especially just today and especially to that extent? This is the sort of thing that happens when something is released, whether WoW-related or another game.
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Yeah. Which means there's a higher demand today. Which means there is a reason for that demand. Usually that is when something new releases. Patch comes out, people come back, they buy tokens. Mount comes out, people want it, people buy tokens. I wanna know what the reason for the higher demand is. There always is a reason.
Could be they're starting to "lose" the supply of tokens from the people who bought gold for 8.1 or artificially raising the cost slightly in anticipation of people coming back for 8.2/ just before as prep.
gold price going up means people were buyying tokens with gold.
some people may just be cashing out today in wait for classic.
really token prices can sky rocket with only a few people, someone cashes out like 10,0000,000 gold and suddenly the token sky rockets. cost
mgiht be something about STILL no 8.2 release date, when 8.2 feels like it has been needed for a few weeks.
Like any market analysis people will have opinions about why markets move the way they do. I'm not really certain that token market analysis has moved beyond speculation about why things happen. It's often not just one reason either. If you look at the graphs at https://wowtoken.info/ there are all kinds of spikes.
The WoWToken.Info twitter feed is pretty interesting if you're into this.
"...money's most powerful ability is to allow bad people to continue doing bad things at the expense of those who don't have it."
People wanted to buy a subscription with a token to be eligible for a beta invite.
I think this is quite likely. With no new announcements and no real reason to buy tokens to get gold it would seem reasonable the supply of tokens being bought with IRL money being slowly (or quickly) depleted. To be fair I am quite surprised the token prices haven't gone up faster yet, since I don't see anything in the game that you would need to spend money on.