Maybe you have never thought that SIM price would go down like this. It was all-time low. From there, we see a positive change. On March 9, 2021, SIM opening price was 0.001640 HIVE, then it went up to 0.001930 HIVE and the closing price was 0.001730 HIVE. Since then SIM price maintains the level and it did not go down.
SIM opening price was 0.001980 HIVE, the highest price was 0.002880 HIVE and SIM closing price was 0.002179 on March 18. Now SIM price is 0.00220 HIVE.
We see HIVE price moves in a positive direction. Now HIVE price is $0.42. When HIVE price increases, there is an impact on Hive Engine tokens. The token price on Hive Engine usually decreases. This is a common scenario.
But SIM price did not move downwards when HIVE price started increasing. That's definitely a positive sign. As you know 3rd edition is coming soon although we do not know the exact date. But I think we do not have to wait too long for that. And it influences the SIM price.
If you want to buy cards, you can do that with SIM or HIVE. To buy a random card, you have to pay 4 HIVE or 800 SIM. At the present SIM price, if you want to buy 800 SIM, you have to only pay 1.76 HIVE. You can save a huge amount of HIVE buying cards with SIM.
So when the 3rd edition releases, people will buy more SIM to get new cards. As a result, the SIM price will keep rising.
On the other hand, due to the lower SIM price and high tax rate, some players get disappointed. Now we are going to see how players would react after releasing the 3rd edition.
So what would happen when the 3rd edition will be available? Please feel free to share your thoughts in the comment section. Thank you so much for reading this post.
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