As covered in the previous article, there are several different ways to earn Ethereum playing Sorare. After assembling a team and regularly cooperating in the tournaments, chasing the threshold point levels and higher rewards, Sorare players will quickly notice that the platform offers so much more potential than simply participating in the fantasy football style competitions and earning rewards.
Sorare actually features a complete transfer market and card trading system, which form the Sorare economy. As with every other market, there are numerous internal and external factors that affect price movements and drive fluctuations in the market, which is something that Sorare players can take full advantage of.
In case you have not registered on Sorare yet, make sure to use a referral code to be eligible to receive a free Rare card after buying 5 cards from auctions.
Referral code: https://sorare.pxf.io/YgDQPm
Sorare cards come in 4 rarities: Common (white), Rare (red), Super Rare (blue) and Unique (black). Scarcity is what drives the price of these cards, so naturally the rarer cards are significantly more expensive.
Common cards: Upon registration, each player receives 10 common cards, as well as 8 common cards for participating in the Rookie tournament, however after the rookie period is over (8 gameweeks), their utility becomes quite limited.
Rare cards: Each season, 100 Rare cards are minted for each player.
Super Rare cards: Each season, 10 Super Rare cards are minted for each player.
Unique cards: Each season, only 1 Unique card is minted for each player.
The strategy:
Something that is important to note in the very beginning is the importance of having a long-term outlook. While short-term trading is certainly possible and there may be instances where it is possible to buy a card and sell it shortly after for an instant profit, a successful trading strategy should revolve around longer timeframes.
As already mentioned, there are several factors that affect the fluctuations in the prices of player cards, which is something that every Sorare manager can take advantage of. For instance, certain cards might be undervalued due to the fact that the player is currently injured, not playing regularly, achieving lower scores or their league has not even started yet. If you are familiar with the player and can reasonably speculate that they will be playing regularly upon returning from injury, get more first-team chances, improve the level of their performances or the league they play in is starting soon, this might be a good player to invest in. As soon as any of the above happens and other Sorare managers want to add this player to their teams, driving up the demand, this can cause a dramatic increase in price for some cards.
This strategy might provide the best results, however the assumption here is that you would not mind waiting for the card price to rise, even if you were not able to use the card during that time (e.g. if a player is injured or their league is on a break). Since most new Sorare users would likely prefer to actually use their investment chasing better rewards while waiting for it to appreciate in value, this strategy might not be suitable for everyone.
The good news is that player cards in Sorare appreciate and depreciate in value based on a number of factors, so injuries and league schedules are not the only opportunities for trading profit. In fact, sometimes the fact that a player is playing regularly and can be used on a weekly basis happens to be the catalyst for price fluctuations. The best example of how to turn this into profit would be to buy a player that is currently in poor form, whose team has had a difficult run of games or has just transferred to another team. You could also speculate even more, for instance if you are familiar with a player that is poised to make a breakthrough or a young player that you suspect might improve his performances and results in the future.
All of these speculations can lead to massive increases in price due to increasing demand from other managers on the platform. For example, if the player that you have speculated on becomes a standard first team player, improves his performances, returns from injury or is transferred to a weaker league, his price can rise significantly in the meantime, since other managers will want to add him to their lineups – don’t forget that the number of cards is limited, so any kind of increase in demand can quickly lead to an increase in value!
The final point, which is closely connected with all the other trading strategies on Sorare, is to be mindful of general market trends and developments. Some of these might be connected with Sorare, while others could be completely independent from the platform. Please find some examples below:
Ethereum price – Since Ethereum is the main currency used in Sorare, the fluctuations in its price have some effect on the price of player cards on the platform. For instance, when the price of Ethereum is rising dramatically, some players will always want to realize a part of their profits and will be interested in selling some of their cards quickly, which means they will set quite reasonable prices for some of their players.
Popularity – This is a very significant market driver and it is not very difficult to understand why. When additional players join the platform, the demand for the cards rises, causing an increase in price. Regardless of whether these new players are buying the cheapest players from auctions in order to receive the referral reward, or buying players from auctions or other managers to assemble or improve their teams, the end result is inevitable – the prices of these cards rise.
Since the number of Sorare players is still very small compared to the number of soccer fans around the globe, the number of fantasy football players or even the number of players on other football games, the platform’s popularity could definitely continue to rise. If you join now, you are still early!
League schedules – Timing is an incredibly important aspect of Sorare. Instead of a drawn out explanation, I think that the quick example below will be sufficient to really drive this point home. The players used in this example are two goalkeepers that currently hold the highest average rating for goalkeepers during the last 15 matches in their respective leagues, the MLS and the J1 League.
Jimmy Maurer (Dallas, Major League Soccer)
Price on 5.1.2021 – 0.12 ETH
Price on 5.4.2021 – 0.89 ETH (lowest available card on the market)
Price increase over 4 months – 740 %
Langerak (Nagoya Grampus, Japanese J1 League)
Price on 5.1.2021 – 0.2 ETH
Price on 26.2.2021 (Start of J1 League) – 0.69 ETH
Price on 5.4.2021 – 1.5 ETH (lowest available card on the market)
Price increase over 4 months – 750 %
While the increase in popularity and rise in prices have certainly contributed to this growth, it is still very clear that the best time to buy player cards if when demand for them is low!
Naturally, there are plenty of other trading strategies on Sorare, the point is that each individual should find an aspect that works for them and that they can excel at. If you are good at trading (anything, basically), have some working knowledge of cryptocurrencies or are simply a soccer fan, you can definitely make the most out of Sorare and make it work for you.
Have fun playing and best of luck in your gameweeks!
