![]() People clearly expected the in-game price of PLEX to go up, so speculators and those wishing to lock in their price bought up a lot of PLEX.Īs demand rose, so did the price, just like my economics professors back in college said they should. ![]() The bare graph that makes up the bottom of that image is the daily trading volume for PLEX and, as you can see, the day that CCP announced the price increase volume spiked. PLEX Price and the price increase announcement You have to compete with other people selling PLEX, all of whom want to cash out into ISK, and PLEX makes up a significant portion of the New Eden economy, as the velocity of ISK chart from the MER shows us ever month. Yes, you can list your PLEX for however much you want on the market, but buyers in New Eden won’t pay more than they have to. You can see from that historic image that old PLEX, which is 500 of the current PLEX, used to sell for ~300 million ISK, equal to about 600K per current PLEX. Just because you want more ISK for your PLEX doesn’t mean you can get it. The problem with this is that there is no direct linkage between the real world price of PLEX and the in-game price. ![]() If people are going to pay more for PLEX then maybe they want more ISK for their real world cash? I would, wouldn’t you? The surface level explanation you will often hear is that this is a reflection of the price increase for subscriptions and PLEX that CCP announced back in April and put in place in May.Īnd, on its surface, that sounds reasonable. That is a fairly steep jump from the 2.7 million ISK that PLEX was selling for earlier this year. And rise it has, with running around 4.5 million ISK, putting the in-game ISK price of 30 days of game time at around 2.2 billion ISK. Old PLEX before the 1 to 500 split, which would make it 600KĪnd because it has become such a part of the game, even I end up hearing about the price of it when it starts to rise.
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