Tradable case keys in CSGO have gone on a wild ride of prices rising to questionably high levels with no real reasoning behind this major spike in price.
Valve Interferes on the Market
On October 28th of 2019, Valve released an update to CSGO to make all new case keys purchased unmarketable and untradable. This meant the keys sitting in users’ inventories became contraband but still had the old trading and selling features.
Now CSGO players have the option to purchase keys from Valve for $2.50 for opening cases, or they can go on the community market to purchase keys that are tradable at a price determined by the community.
CSGO keys were once used as a currency for skin traders to rely on because their price hardly ever fluctuated past two dollars and fifty cents. Nowadays, keys are one of the most volatile items on the Steam community market, and this makes them unreliable for skin traders.
Keys aren’t that great. For one, I mean, for one they are not that unique… on top of that, they are not that rare.TDM_Heyzeus (YouTuber)
Without use as secondary currency, too expensive for opening cases, and not usable when playing CSGO… what are the factors driving key prices so high? We believe these items have been overhyped by influencers who gave their followers the false reality that they are a good investment.
There are tens of thousands of keys sitting in abandoned Steam inventories that could be dumped onto the market at any point. , there is little to no use in owning contraband keys when their prices are more than double Valve’s standard key price.
Every investment involves an unpredictable amount of risk. SkinLords writers’ are not financial advisers and do not claim to be financial advisers. Conduct your own research before making any decision.