Yesterday DEC had a drawdown and it hit a monthly low. This is likely due to Hive price rising as the DEC to $ remains in close to half on par. This is a pretty big dip relative to where prices were at not that long ago. I personally would not buy DEC here still but will look to add if it goes closer to 0.004. DEC is still pretty high relative to that price as Hive took a dip for months now.
On the side in game a new lottery has arrived. The Gold Arc Fortune card draw begins. Fortune tickets need to be created to enter the draw.
The needed DEC of 200 to create a ticket is not that much but neither is vouchers and aura. It will be another way for assets to get burned as not all tickets are winners.
There are currently 108 entries in the first drawing. With 20 hours until drawing there are still plenty of time for entries to be added. Whether it would be worth gambling remains to be seen but like any gambling I won't know if I can win if I do not try.
This update got me thinking even with all the new Silos to draw down we still have asset prices struggling. There just is not sufficient capital to support current prices and without new flows the assets continue to get draw down. There is only so many cards the game can create while trying at best to not dilute current assets value.
The use of Cinder is also good as burning cards will create less, but it will take time until supply dwindles to the point where prices could be stabilize. One would hope.
Thanks for reading this post!