![]() However, once the excitement is gone, the most enthusiastic buyers have been satiated. They sell for massive amounts on the secondary market. That is why when new products are released. ![]() You know that feeling of excitement you get when a new pack drops and a whole bunch of new moments are available on the marketplace? Yeah. Even Luka cannot escape the effects of increased supply The NBA Top Shot Enthusiasm Bump If they are, you may want to sell them a couple of days before it happens. Keep an eye on whether your moments are involved in an upcoming drop. If so, you absolutely cannot ignore this phenomenon. A couple of days after the drop, it was worth only $185. The day before the drop, the moment was worth $258. The same phenomenon occurs even with Luka. Just like in the Trae Young Highlight case, Dapper Labs minted 1,225 new serial numbers out of a sum of almost 15,000 available. One of the moments is a clever Doncic assist behind his opponent’s back. How does this dynamic change with a marquee name involved? Let’s examine a Luka Doncic highlight from the same drop. Even Luka Is Not Immune to Pack Drop Price Movements A significant decline of almost a third in value. The day after the drop, the value went down to $35.00. On the day before the drop, the value of the moment was $46.43. The base pack drop on that day included 1,225 newly minted versions of that moment, raising the overall total to 14,980. A Trae Young layup moment had 13,755 serial numbers in circulation until a pack drop occurred on March 17th, 2021. However, the influence depends on the number of new moments of that type minted. Their inclusion can cause significant price drops. Therefore, look out for when new mints of CC moments appear in new pack drops. The CC has inherently lower value because new moments can be minted at any time, making them more common. The folks at Dapper Labs are highly aware of this and are better at commoditizing scarcity than most.Īs you may know, they divide moments into two groups: Limited Edition (LE) and Continued Circulation (CC). We will unpack all of this (get it?!) Pack drops can lower the value of existing moments Supply of NBA Top Shot MomentsĪs with any resource, the supply of any moment will have a significant impact on its value. That means that the product’s overall trends can have more to do with changes in price than anything relating to the individual moments.Ĭonfused? Don’t worry. I am trying to say that the marketplace is volatile, with a capital V. It is also important to remember that Top Shot is a pioneering product operating during a pandemic. ![]() We will discuss the influence of drops on value in some depth below. These elements include challenges and drops.Īs for the impact of challenges on moments’ value, we have already discussed that issue in depth. ![]() While Top Shot is a typical collector’s market in some ways, there are factors involved that are unique to it. Top Shot is a very volatile market, and that influences the price of every individual moment Macro and Micro Determinants of NBA Top Shot Moment Value Let’s take the market’s current volatility as an opportunity to look for first clues on what determines the direction of the market and the value of individual moments. In a more volatile and less parabolic market, you will need a more sophisticated understanding of the marketplace to turn a profit on NBA Top Shot. In recent weeks, the trend has changed, and values have stagnated and even dropped. It seemed as if the market could only go up until recently. Even among those who don’t usually follow basketball. It was launched in October 2021 but has already become the hottest topic of conversation amongst collectors.
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