Many covert grade CSGO skins have heavily declined in value over 2021 and have made a few CSGO cases less and less profitable to open. For example, in just eight months, most covert skins from non-operation cases sell for half their price in early 2021.
The market badly hit all grades of CSGO skins over 2021, but the market arguably hit the covert grade the hardest. Counter-Strike: Global Offensive has seen its player count fall in 2021, but it was not drastic enough for most covert grade skins to halve in price.
We expect the steady crash in 2021 to result from many skin investors who loaded up on play skins but eventually began to sell off their bad investments. There is no proof this occurred; however, there was much interest in skin investing throughout Covid, and many turned to play skins as a good opportunity.
Skins are now cheap
Skins becoming cheaper is an obvious positive for those who want to buy and a negative for those who want to sell. A new problem with cheaper skins is that opening cases will become far less profitable since it costs $2.50 to purchase a key, and the player also has to pay for the case itself.
Several years ago, some users calculated that CSGO cases, on average, give back 60% of what is spent on the opening. It would be expected for the return to have since gone down, making cases even worse than ever to open.
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 financial decision.