Big changes in CS2 skins market after October 30 Update

Last week was so crazy for CS2 players. Valve featured a new update with trade-ups. Now you can craft a knife or gloves just using five covert skins. This instantly inflated the market: red-tier skins rose several times in price, while knives and gloves, conversely, fell. This had incredible consequences. However, the most significant events will occur on October 30, when crafted knives and skins can be sold and traded to other users. What will happen? Will there be another market crash? Or the opposite? Let's figure it out together with Skin.Land, the best site for buying and selling skins.

Big Crash Market After Update

So the new Valve rules changed the skins world completely. Many players, investors, and collectors lost thousands of dollars because their knives and gloves fell in price. At the same time, cheap Covert skins that cost like 5–10 dollars, now have a price around $40-50. Some people managed to buy red-tier skins during the sale and then sell them at a profit. Others missed the opportunity and lost most of their capital. 

For instance, the P90 | Asiimov (Battle-Scarred) skyrocketed from around $7 to nearly $90 in just a week, showing how unpredictable and volatile the CS2 market can be. The chart below clearly illustrates this rapid growth and the sudden demand spike among traders.

Don’t worry, there are still plenty of cheap covert skins available, so check out our special article about it. Choose Skin.Land as a trusted platform to buy and sell skins. We have plenty of different payment methods and a great live-support team.

Overall, capitalization fell by half, from six billion to three billion. But it has already recovered and continues to regain its position. It is worth noting that the last time Valve allowed trades to be canceled, the market also fell. But then it recovered and recently set a new record of $6 billion.

Now it's worth waiting for a similar scenario, because money is the most important thing for Valve.

Will there be a CS2 market crush on October 30th?

Yes and no. On one side, of course, the influx of many skins will devalue them. But don't forget that the chance of getting really cool skins is small. That is, the price will drop significantly even for inexpensive skins. But the best knife skins as Butterfly or Karambit Doppler will remain in their price category.

Don't forget about covert skins. They will also be divided into categories depending on the rarity of knives and gloves. Some will remain in the $30-40 range, while others will cost more than $100. If you want to buy the best Covert skins in CS2, you definitely should check this list.

It is also worth considering that there are already many crafted skins on the market. Yes, it initially fell by as much as three billion, but it is already rapidly recovering. By October 25, it had returned to 75% of its peak level.

CS2 players should expect a slight market crash on October 30, but it will recover after a while. Contrary to all negative predictions, the skin market did not decline but, on the contrary, grew by 10%. So hurry up and buy cheap skins on Skin.Land, and then sell them at a profit.

Skin.Land continues to be a top-tier marketplace where you can safely buy and sell your skins. Recently, we partnered with tier-1 esports organization Team Vitality — an exciting step that strengthens our position in the global CS2 community. Read more about it and hurry up to get the exclusive community bonus.