Risk 1️⃣: Player Moves to Uncovered or Relegated League
While Sorare covers many top leagues worldwide, there are still uncovered leagues (e.g., Saudi Arabia, Qatar) or instances where players get relegated.
When this happens, their cards lose utility. Sorare thrives on card utility to win ETH rewards and prizes, so a player's loss of utility often results in a significant price decline.
Risk 2️⃣: Player's Form Takes a Turn for the Worse
When a player is on a hot streak, their card prices skyrocket. However, regression is inevitable, and if you bought at the peak, you may find yourself holding an expensive card.
I personally spent around $1200 on a rare Jasper Cillessen, and his value has now dropped to $400. Fortunately, I can still utilize him in weekly competitions.
Risk 1️⃣: Player Moves to Uncovered or Relegated League
While Sorare covers many top leagues worldwide, there are still uncovered leagues (e.g., Saudi Arabia, Qatar) or instances where players get relegated.
When this happens, their cards lose utility. Sorare thrives on card utility to win ETH rewards and prizes, so a player's loss of utility often results in a significant price decline.
Risk 2️⃣: Player's Form Takes a Turn for the Worse
When a player is on a hot streak, their card prices skyrocket. However, regression is inevitable, and if you bought at the peak, you may find yourself holding an expensive card.
I personally spent around $1200 on a rare Jasper Cillessen, and his value has now dropped to $400. Fortunately, I can still utilize him in weekly competitions.
🛡️ Mitigating the Risks:
To minimize these risks when trading Sorare NFTs:
✅ Research and stay informed about league coverages to assess card utility.
✅ Diversify your portfolio across different leagues and players.
✅ Set realistic expectations and consider long-term value instead of chasing short-term spikes.
✅ Participate in weekly competitions to utilize cards and potentially earn rewards.
Trading #sorare #NFTs can be exciting, but it's crucial to understand and manage the associated risks.
Use my ref link to help you get started: https://sorare.com/r/geldbal
#leofinance #sorare