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Prady3939's avatar
2 years ago

How exactly does market price update on refresh?

I know the market is based on demand-supply, but I just wanted to know if the markets follow the exact logic as the real economics.

 

Say a player has current base price as 30m, and min price is 28m, max price is 33m. And there are 15 bid orders(reds) at 28m, but only 2 supplies(blues) at 33m. What will happen to the base price at next 2 hour reset?

 

Will it increase because demand>supply? Or will it drop because player was sold at 28m which is lower than base price?

3 Replies

  • Sanyosa's avatar
    Sanyosa
    Seasoned Ace
    2 years ago
    @Prady3939 Nobody knows because EA never made this info public.
    The problem I found is that there are bids you don't see because they are outside that window. So maybe they affect the demand/supply in numbers
  • Oh yes I forgot about them. That's true, they can also affect. Ig I'll just have to keep checking renderz for tracking price changes.

  • mendozzamagic's avatar
    mendozzamagic
    Hero+
    2 years ago
    @Prady3939 In general, if there is lots of supply and very few or no sales, the price will go down until it hits the floor for that card.

    Similarly, if there are lots of requests, but little or no supply, the price will go up until it hits the ceiling for that card range.

    Where you see both purchase bids and sale offers, movement will depend on the transactions that have occurred (which you can’t see) … usually though, when there is both high prices supply and low price demand, there will be those who just want to get the coins for selling their card, so the price range will likely go down based on the sales that are occurring at the lower end of the range

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