BLOCKMARKET - The diamond pickaxe crisis continues, however prices are lower than a little earlier.
About an hour ago, prices were at $2810 per pickaxe. Now, the price is $2788 per pickaxe. It's $22 lower than an hour ago. If it continues at the same rate, the price will be below the threshold in an hour, however this event will still have a large impact on the economy.
Here's what you need to know if it goes back under 2772:
-Prices will still be very high, and may rise back above the 2772 threshold.
-Selling diamond pickaxes will still be extremely laggy
-Most trade portals will still have prices above 2772 threshold, as the price of diamond pickaxes around the world affect your trade portal only a little bit unless there is a large mass sale.
-Diamond pickaxes, if they lower at all, will lower very slowly at first with only a few players able to sell them without excessive lag, plus some players will rush to buy them again.
Whatever happens, right now is a bad time to buy diamond pickaxes. Selling them may be impossible depending on your trade portal status.
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