The Lord of the Pit required you to sacrifice a creature each turn, which is a significant downside, but Timmies embraced the card, I believe, because the idea of a pit demon that required constant sacrifice was cool enough to override the downside
Even though just one copy against Paradox Storm can more or less cripple them, a card like Stony Silence which is also very effective against MUD can be just as good, if not better
In the Pokmon Trading Card Game, Magmortar has a powerful card known as Magmortar
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While Melmetal's humble price tag doesn't earn it a spot among the best cards from its era, most debuting Pokemon start slowly, then rise in value as they receive better cards or their demand increases