Yesterday I posted some dumb stuff about the market being in a 10 day downtrend that followed our 10 day uptrend. I my hope was that we were cycling and we'd take the 10 day cue to head back into an uptrend. Instead we made a definitive turn to the downside.
We fell to a sort of line in the sand spot that is pretty much even with where we were about 3 weeks ago in dollar value sales. That was the last day of the season before the server crash because there was so much activity. We had 73k active accounts on that day.
Today, back at the same sales numbers, we have 181k accounts.
Now at first I thought well, it's Labor Day weekend in the US. Maybe everyone is out and not on Splinterlands. But the other charts (with the exception of new sign ups which sort of crashed today) say that's not the case.
Let's take a look at the rest of the charts below. Also, if you want a live version you can mouseover and get stats from, you can go here.
Active accounts answered my question from yesterday if it was leveling off or normalizing after the huge 15% up day while continuing higher. It's definitely continuing higher. But if active accounts are heading higher and prices of cards are coming down, why are sales going lower?
Here's games played. Steadily climbing. I guess one explanation could be bots?
Dec in a nonstop uptrend. Anyone who thinks Dec is going to magically snap back to .001 isn't paying attention. This is a steady and smooth uptrend and it seems to want to go to .01. I would not be surprised to see the devs try to re-peg this at .01. I have no problem holding dec right now.
New players has been all over the place and it could certainly be argued that it's entered a downtrend but not a strong one, if tomorrow drops below that low dot from a week ago, it will be confirmed to me. However, spellbook purchases remain in an uptrend and I think that matters more than new signups.
Card market cap is steadily going up. I wrote about this yesterday I believe. I have a spreadsheet with all my cards that I update whenever I look at a card with the new price. Prices are down or stagnant. The reason this keeps climbing is one thing, Alpha Golds that just keep listing higher and higher. This is stuff like listing Gold Alpha Frost Giant for $588k when it was $10k last week. It's not sales and it really doesn't reflect whats actually going on in most of the market. PS: If you want value, buy alpha golds.
And that's it. Things are getting weird out there