It is one of the very few non-creature spells that allows you to unconditionally remove target enchantment
Still, once it resolves, you can choose how to kill your opponent slowly by either casting spells from the top of their library without paying mana, shrinking their hand, killing their creatures, and, if they've survived long enough, exiling all their non-land permanents with the ultimate
I could easily see this card staying at around this value for a while given the time-tested nature of cards with similar effects
Table of Contents The Differences Between Yu-Gi-Oh Cards in English & Japanese English Yu-Gi-Oh Cards Japanese Yu-Gi-Oh Cards The Demand in the Market for English Yu-Gi-Oh Cards The Demand in the Market for Japanese Yu-Gi-Oh Cards Should You Be Investing in English or Japanese Yu-Gi-Oh Cards
With those caveats in mind, the rest of this post will cover a few results which I found interesting, looking first at cards individually, then at groups of cards and finally at long-term trends
It is a convenient card, but since it is often required as a cost while you want to maintain it, it feels like a one-time use card