CS2 Market Cap crosses $5.75 billion mark to reach All-time-high

The skin market cap of Counter-Strike is inching ever closer to the $6 billion milestone, having now surpassed the $5.75 billion mark. A plethora of skins, both high tier and mid tier, have seen explosive growth across the market.At present, the market cap stands at roughly $5.85 billion, reflecting an 8% increase over the past week and an impressive 14.5% rise over the past month.

The sharpest surge have come from collection items. For example, the AK-47 | Hydroponic has increased in price by more than 100% this month, while the Blue Phosphor and Desert Eagle | Blaze have climbed around 40%. Likewise, the M4A1-S Icarus Fell and Hot Rod have nearly doubled in value with a 90% uptick.

Other skins have also witnessed moderate gains of around 10%.Some items, however, have experienced both steady ascents and dramatic plunges. Skins like the EG Holo, witnessed a jump as massive as 410x in two months, which puts a question mark whether this rise was orgnaic. The rise of Factory New skins like AK-47 | Safari Mesh, and AWP | Safari Mesh, which have nearly become 10 times of their price a month ago also make no sense.

The market is in a frenzy right now, making it increasingly difficult to forecast which item might skyrocket next, or whether this bullish momentum will endure.

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