RE: dCity Investments - what cards should you buy on the market?
You are viewing a single comment's thread:
is there a good ratio between swap.hive prices on the cards versus SIM? I see in markets often there are more cards selling at swap.hive prices but not sure how to correlate between swap.hive and SIM. thanks.
0
0
0.000
Well, since random cards can be bought in the game for 800 sim or 4 hive/swap.hive the price of 1 sim is loosely pegged to 0.005 hive. Or 1 hive is about 200 sim.
However, most of the time there is quite a high selling pressure on the sim token so in reality the sim price usually is between 0.004 and 0.005 hive.
I think this is because a lot of people like to sell their cards on the market for swap.hive.
The price competition then makes the swap.hive price for the cards lower than the sim price, causing people to sell their sim for swap.hive on the market to get their cards cheaper.
In general the sim price is lower than 0.005 swap.hive and the prices for cards on the market are lower in swap.hive.
But this is not always the case, so it is always best to quickly check the prices.
I’m pretty sure that there are people who do arbitrage on the market by buying cheap cards with swap.hive and selling them for sim at a higher price.