The Rise and Fall of the Virtual Skin Market: Similarities Between the CS:GO Item Craze and Crypto Assets Speculation
The skin trading market of CS:GO has recently experienced a tumultuous upheaval, which has led many to draw parallels with the speculative behavior in the Crypto Assets field. Although many may not have personally played CS:GO, there are always friends around who have made money through it, and of course, they may have also faced losses recently.
As the popularity of Meme coins gradually wanes, some speculators who once floated in this market have turned their attention to the CS:GO skin market. They have started discussing the price trends of CS:GO items in various groups, transforming from "Meme coin hunters" into "item resellers," viewing CS:GO skins as the next key to wealth.
CS:GO was officially released in August 2012, and the following year introduced the weapon case and skin system, allowing for market trading, laying the foundation for its cosmetic economy. After multiple updates.