Those prices are crazy. But the number of cards is so low. The GFL Frost Giant alpha shows 17 cards in existence according to peakmonsters. Thats scarcity. Priced as a real investment opportunity not relative to value in game. Most lower priced cards pricing can pretty directly be correlated to how valuable it is on the battlefield. It will be interesting to see how card farming on land will move valuations around. At least for the lower priced cards.
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Indeed, I'm also looking forward to seeing the outcome.