The Importance of CS:GO Skins Economy in Steam Market

Trading CS skins can be a risky endeavor, since like any other market, the price trends ten to fluctuate, but if you know what you’re doing, you can easily sell CS2 skins for tons of money. After all, some of the most expensive CS2 skins are worth a literal fortune. If you want your own slice of the pie, you’ll need to understand the importance of weapons skins and the CSGO market.

Counter-Strike: Global Offensive (CS:GO) has come a long way since its groundbreaking “Arms Deal” update in 2013, introducing a whole realm of innovative features that has taken the gaming ecosystem by storm. Today, many first-person shooter games such as Call of Duty, Valorant and even Battle-Royale games like PUBG and Fortnite, have emulated the success of CSGO’s popular weapon skins economy, as well as the Steam market CSGO features.

When it comes to the Steam market, CSGO is by far its biggest area, with thousands of trades made every day, for significant amounts of money as well. CSGO market is by far the biggest subcategory both in terms of number of items and revenue generated. For instance, the largest transaction of a single virtual item was from the renowned trade of Souvenir AWP Dragon Lore which is a version signed by Skadoodle, part of the Counter-Strike team that won the 2018’s ELeague Boston Major. And it was sold to a fan for a whopping amount of $61,000.

Read Also: Check Your CSGO Inventory Worth and Steam Inventory Value Easily!

The CSGO Market is catered for players who are looking for a platform where they could trade their CSGO skins with other players, or to sell them for a virtual currency for their Steam Wallet, which they can later use for purchases in the Steam store or the Steam market. CSGO skins can also be traded on third-party trade platforms such as SkinCashier, which allows the player to sell their rare CSGO skins instantly for real money or cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Steam Market remains the go-to platform for players who do not intend to cash out for real money and are building their Steam Wallet’s funds in order to upgrade their CSGO inventory.

Understanding the CSGO Market

As we do know by now, the fundamental of the CSGO market is derived from CSGO skins themselves. There are several parameters which we could explore as CSGO skins are diversified in terms of rarity, wear and other additional specifications. These factors can influence the price and their demand within the economy.

There are those which truly depend on numbers more than anything else and form a basis of determining a skin’s CSGO market value. The general rule of thumb is that, the less often a CSGO skin drops, the more valuable it will become. The drop rate matters to the market volume of each skin.

And not forgetting the float value, as the lower the CSGO skin float is, the higher is the quality of the skin, which in turn drives its CSGO market value higher. Lastly, as mentioned in earlier paragraphs, each CSGO skin has a visually similar variant which will also influence its value.

This is the very reason that knives and gloves’ skins, which barely ever drop, are the most sought-after CSGO skins, and consequently the value. StatTrak CSGO skins, which could display the killcount of the player with the weapon, are also automatically perceived as more valuable for the Steam market CSGO sector. Thus, we do not see a StatTrak version of a weapon costing less than its regular version. 

Read: What is the Steam Web API scam and how to protect your CSGO skins?

On top of that, the popularity of the weapon to which the CSGO skin is assigned, or the aesthetic comprehensive opinion can sometimes overturn the float value expectations as well, making “undesirable” items more appreciated by players.

If it ever cross your mind on pursuing the viable option of a CSGO skins trade, then you may need to further your technical knowledge on other aspects that might influence the CSGO skins economy, wherein you may have to develop some skills in calculations and delve deeper with the mechanics of each website that you are concerned with and try to learn the dynamics of commodity markets.

It requires more time outside of the gameplay, but upon mastering the different techniques used to decipher the possible value of CSGO skins, it may be well worth the time for avid CSGO skins traders. 

Building a Sustainable Economy in CSGO

Computer video games were once viewed as a casual pastime activity which was not favored by parents and the older generations. Even Valve did not anticipate the success of the CSGO market economy. But after decades of development in the gaming industry, it is proven time and time again that it can establish a highly lucrative and viable option for avid gamers.

With the esports scene gaining worldwide attention and traction, as well as the successful economic model of the CSGO market, one can be assured that it is not an isolated bubble that has no solid grounds today. The CSGO skins market has proven to the larger game ecosystem with solid examples of virtual item marketplaces with their strongest traits.

This article has brought forth an overview of the booming CSGO skins economy that could serve average CSGO players with opportunities not found in most online games today. We now know the approach on how CSGO skins were valued and factors that drive the costs of these virtual items.

Read: CSGO Aim Training: Build up Your CS:GO Skills in 2021