Wednesday, January 24, 2024
Cardtonic
Take this as your backstage access to see four reasons why rates no dey stay for one place:
1. Celeb Gift Cards: Some gift cards like iTunes & Amazon are the life of the party, and everyone wants to hang out with them. Don’t play! As everybody dey rush them, the rates also won’t stay in one place. 📈📉
2. Market Supply and Demand: This differs from being a celebrity gift card. For example, a new FIFA game launch can increase demand for Playstation gift cards. The rates will begin to dance when supply doesn’t match demand. You gerrit? 😌
3. The Economy… hmm: This one ehn…when dollar-naira and dollar-cedis exchange rates begin to choke, just know that the rates will not be the same!
4. The Usefulness of The Card: Well, some cards are one-trick ponies (think Spotify), while others are Mr Versatility like Target! So, rates tend to differ based on how versatile a gift card is.
Easy-peasy, yeah?
So when next you see the rates playing tag with you, it could be for one of these four reasons!
Till next time, keep trading!
– TJ from Cardtonic
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