Market Update

W.23 Sunday Weekly Market Highlights – ESSENCE VALUE! JEWELS & T2 LAND

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This is our Weekly Market update giving you the best Highlights of the past week! 
Make sure to stay up to date by tuning into these articles. The information in these articles is always expanding and improving! 

WEEKLY MARKET UPDATE HIGHLIGHTS
FOR ESSENCE, JEWELS & TILES

MARKET KPIs

what to watch

  • ESSENCE (ESNC) Price dropping some after last weeks gains! (More info below)

  • T1 Commons (Spawned) Price is trying to recover to the support at 0.16 USD.
    If failing the next support lies at 0.10 USD!
    A few Jewels are out performing (More info below)
  • NEW LUMINOUS PRICE CHART ADDED! – Luminous outlook is good for all tiers.
  • T3 Cracked Jewels continue the bearish trend. May shift soon? (More info below)
  • No Countries opened this week – however countdown clock awaits! (More info below)
  • 16 COUNTRIES STILL CLOSED – Will Saudi Arabia be next?! (List Below!)

ESSENCE PRICE VALUATION

(LUMINOUS PREMIUM PRICE /
ESSENCE UPGRADE COST)

  • ESSENCE PRICE drops this week, Range 0.08-0.15 USD per ESSENCE. We expect this to be short term as the low conversion rates from E-ther is still continuing. After the ESSENCE yield update with much lower conversions (about 6.5% for all) ESSENCE is now valued higher (i.e. LUMINOUS Jewels prices are heavily increasing – upping their ESSENCE value)
  • Please see NEW Luminous Price charts in the JEWEL Section!

HOW ESSENCE PRICE CALC. WORKS:
BAZAAR ESSENCE PRICE
In short: Upgrading Jewels to luminous requires ESSENCE (And shards). Since we know the required amount of both (ESSENCE & Shards) and the value of shards is known (via T1 prices) and we know the total Lumious price we can then calculate the value of the ESSENCE. 

Calculation Breakdown:
Luminous Jewels consist of 3 Cost Elements: 
Jewel Cost, Shards Cost and ESSENCE Cost. Below shows how we derive the ESSENCE cost (Price).

JEWELS COST: The lowest cost to craft the jewel will be used. 
Example: A T3 Jewel requires 18 T1 Commons. 
Is the total of 18 T1 Commons the cheapest or is the available T3 Cracked cheapest. 

SHARD COST: T1 Common price divided by 17 (shards gained when breaking a T1 Common)
The Best way to gain shards by breaking Jewels is breaking T1 Commons. This will result in the highest shards/jewel ratio. It will yield between 17-20 shards depending on what T1 Common jewel being broken. 
(Note: Shards are gained "for free" when crafting. Thus a 0 Shard cost is possible. Nonetheless, we will factor in the price of it, the shard cost is a minor cost element for Luminous Jewels)

TOTAL ESSENCE COST: Since we now know above cost elements for the Luminous Jewel we can simply subtract them from the Luminous Price. 
TOTAL ESSENCE COST = LUMINOUS PRICE (Bazaar Market price) - JEWEL COST - SHARD COST

Lastly Calculate the Cost (price) / ESSENCE: Done by dividing the TOTAL ESSENCE COST with required ESSENCE for upgrading each specific Jewel. 
* PLEASE SEE THE TABLE BELOW AND THE DARKBLUE FIELDS*
WHY do we use the Bazaar to estimate the ESSENCE PRICE and not EPL or other ESNC conversions? 
The Jewels Bazaar is the most LIQUID market with the highest/most volume / Turnover of an E2 ASSET involving ESSENCE. This enables a more fresh and updated market price and valuation of 1 ESNC

NOTE: A way to already "SELL ESSENCE" exists in Earth2 by making upgraded Jewels and selling them. One could call it "wrapping" ESSENCE into Jewels and selling the jewel at a higher price. The Seller then recieves both income covering both the Jewel Cost to make the Jewel (if crafted) and the premium which becomes the ESSENCE value (This is how we can derive an ESSENCE price via the Bazaar market, see more below)

TIER 2 LAND SALES HIGHLIGHTS

  • 0.6 Million T2 tiles sold this week. a decrease by 600 000 tiles sold week-over-week.
  • Total of 41.3 MILLION T2 tiles now sold versus the 59M T1 Tiles. (30% away in amount of sold tiles T1 vs T2)
  • 18 Countries have now a HIGHER TIER 2 Price vs the TIER 1 !! (or 5 Countries?)
    (NOTE: this is not 100% sure, we have now tried to add the latest T1 price investors had to pay for T1 tiles when it was possible to purchase T1 tiles. Many Countries was at the time connected to the International Territory prince of 8,9 USD. Currently there may only be 5 Countries with Higher T2 price if EARTH2 truly commit to the prices Investors had to pay for the “locked” T1 Countries. )
  • Seychelles is the closest country to surpass the T1 price that was opened as T1. 105 631 Tiles to go
  • No Countries opened this week but a countdown clock on the website is expected to start.
    Potentially for Saudi Arabi which NEVER opened for T1 tiles!
  • 16 COUNTRIES ARE STILL CLOSED! (List below)

COUNTRIES CLOSES TO HAVE A HIGHER T1 PRICE

JEWELS MARKET HIGHLIGHTS

  • T1 Commons (Spawned / Base Jewels) IS RECOVERING TO THE SUPPORT AT 0.16 USD !
    If failing the next support lies at 0.10 USD!
  • TIER 1 LUMINOUS prices are going the opposite direction from the “COMMON / Spawned” Quality! It is Increasing a lot ! See Luminous Price graph below / NEW CHART)
  • T3 Jewels may have started to show a bottom! We could potentially start seeing a sideways trend forming the next coming weeks!
  • T1 Commons Base Jewels: Prices decreased this week versus last week!
    In average +0 cents (+3%) in price
  • T3 Crafted Jewels: Prices decreased this week.
    Average of +29 cents (+1%) decrease in price!
"MAKE/ BUY"  - HOW THIS WORKS:
This Signals if the T1 versus crafted Jewels are at prices where the sum of T1s could be cheaper or more expensive then buying the T2s or T3s directly. 

EXAMPLE: BLUE T1 Common may be at 0.25 USD and 3 are required to create a T2 BLUE = 0.75 USD. 
However, the price of the T2 BLUE in the bazaar may be 0.6 USD. Then it would be better to buy the T2 Directly then crafting it from the T1s. (Perhaps even sell the T1s for 0.75 and buy the T2 for 0.6 !) 

Brilliants stats & Pricing

To be added in the future

**E2Economist ESSENCE "premium" Price Invesors are willing to pay in the Bazaar. 

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