Monthly Market Movement: May 2020
Strap yourself in for the ride, it’s about to get tasty … Is exactly how I would have ended last month’s market movement piece if I’d had any idea what was on the horizon!
Looking at the top 30 players on the market last month, the market growth had already been exceptional, with a 53% increase in average prices compared to March. However, the April to May transition has completely blown those figures out of the water. I’ve looked into that in more detail below.
Last time, I pointed to the 3 key things that, in my opinion, had contributed to the March–April market surge as being – initial value in the market after a slight dip, the introduction of free roulette and the launch of virtual tournaments. The growth from April to May can be attributed largely to the below:
Influx of new members – the launch of virtual tournaments not only helped market growth with current users but also acted as a fantastic draw to new members, with Footstock stating that the userbase had more than trebled in less than a week at the end of April. This trend has continued with more new names appearing on a daily basis in the tournament leaderboards, on roulette and in the Official Footstock Slack Chat.
Increased prize pots – prior to last month’s market movement piece, the Virtual Footstock Aces tournament was getting around 100 entrants, with a £2000 total prize pot. Jump forward a month and the most recent Aces tournament had 621 entries and just shy of £12.5k in prizes, including over £2,000 for first place! The Virtual Super Amateurs has seen similar growth, going from around 140 entries and a £1,000 pot to 743 entrants and a pot of over £5,500. This has meant the market has boomed, as people enter multiple lineups to help their chances of landing one of the huge prizes on offer.
Roulette tournaments/stat roulette – with massive user growth combined with roulette still being free to enter, the popular roulette tournament options have still been seeing major upwards movement in prices across the board. Another big factor has been the frequency of successful stat roulette wins against the house being posted across social media. It has seemingly only taken a couple of people to post a screenshot of them winning a Kevin de Bruyne, Bruno Fernandes, Marcus Rashford or Adama Traore with a previously ‘unfashionable’ card for their price to rocket – I’m looking at you Pedro and Troy Deeney!
With all of the above playing a part in the growth of the platform, we can now see the actual impact of the last few weeks …
Similar to last month, the lack of football has meant that all PPG scores have remained the same and the only movement in categories has been due to players only being able to move one category each month.
This has meant the only change in Legendary players has seen Richarlison drop down to Epic and Bruno Fernandes taking his rightful place on the Footstock throne.
In the Epic category, we’ve seen Odion Ighalo and Scott McTominay step up, with Pierre-Emerick Aubameyang, Nick Pope and Vicente Guaita dropping down to Rare – three went down to correct the total number of Epic players to 25 after Bruno’s manual change had meant there were 26 last month.
I’ve again had a look at the three different card prices available for the top 30 to see what changes there have been compared to previous months.
One thing worth noting is that since the April piece, the market has become a lot more fluid, which means the prices are shifting on an hourly basis, sometimes significantly. With that in mind, the prices below are only as a guide to give an indication of the growth in the value of the top 30 as a whole.
(All values correct as of 18th May a.m.)
‘Sell This Card’ Prices
‘Buy This Card’ Prices
‘Last Card Deal’ Prices
Top 30 Totals & Averages Monthly Comparison
*March prices taken on 03/03 a.m.
What a month it’s been!
If you’d purchased one card of each of the top 30 at the top buy price of £387.92 on 21st April, which is when the previous figures were from, and sold them today at the listed sell price of £1295.10, that’s £907.18 of profit in just under 4 weeks.
Comparing the current prices with those from my first piece on Collection Value at the start of March, you can see that depending on which price you focus on, there’s been between a 448–494% increase in price of the players within the top 30.
Even more astounding is the fact that on 3rd March, you could have bought the whole of the top 30 for £249.35, and there was amazement across the Footstock community when Reece James(!) became the first £100 player. Whereas with today’s prices, buying one Bruno Fernandes alone would cost £250 for an instant buy!
Current Trading Opportunities
As with last month, I’ve also taken a look at the top 5 options of the current Epic and Legendary cards when it comes to trading.
By actively trading the above 5 players just once each at the stated prices above, you’d make £36.19, do it twice and you’ve effectively landed yourself a free Traore with your profits.
At the other end of the scale, perhaps most surprisingly, is Allan Saint-Maximin, who despite being one of the most expensive players only has £0.37 difference between the buy and sell prices.
Only time will tell where the market will be in June, but with the upcoming launch of Virtual Battles and the potential return of Premier League football, plus a steady stream of new users still flowing, we could be looking at even bigger numbers through June and July.
Remember, Footstock is a gambling product. Profits are not guaranteed.