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- Valve’s latest update has completely disrupted CS2’s skin market.
- Valve has made it so skins are no longer exclusive to cases and the trading market.
- The entire market cap has dropped by nearly $2 billion, with some skins dropping to 1/3 of their value from a few days ago.
Counter-Strike 2, or CS2, remains Valve’s most popular title to date. Dominating Steam charts, the first-person shooter has become famous for its competitive gameplay, weapon skins, and custom knives.
The last two, in particular, are very popular, but Valve’s latest update has led to concern among those interested in this element of the game. Following this update, the skin market has lost nearly $2 billion in market cap.
Why it matters: This part of Counter-Strike has grown so much that it has attracted an entirely separate fanbase. Many people engage with CS2 simply to trade skins without playing the game.
According to Price Empire, CS2’s entire market cap has taken a huge nosedive by nearly 30% following this update.
This has happened because Valve now allows players to trade a certain number of various rare skins for a knife of their choice. Effectively, this means that five covert rarity skins can be traded for a fairly rare knife.
Previously, the same knife would have been attainable through CS2 cases or one of the many real-world trading platforms dedicated to the game. As a result of this update, a knife like Stilleto Slaughter, which previously sold for $662, is now available for just $450.
Valve’s update has essentially increased the volume of these knives, lowering the demand and prices. The community has also had very interesting reactions to the latest update from Valve.
For instance, some have raised concerns about potential mental and physical stress to those very invested in the market. Many dedicated skin traders are clearly upset with CS2’s update.
Others are less worried about the market, but it remains to be seen whether Valve will take note of the community.
What do you make of the CS2 skin situation? Let’s discuss in the comments and on the Tech4Gamers Forums.
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[Senior News Reporter]
Avinash is currently pursuing a Business degree in Australia. For more than 5 years, he has been working as a gaming journalist, utilizing his writing skills and love for gaming to report on the latest updates in the industry. Avinash loves to play action games like Devil May Cry and has also been mentioned on highly regarded websites, such as IGN, GamesRadar, GameRant, Dualshockers, CBR, and Gamespot.
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