It seems unlikely that the Ooze lord will make it in constructed formats, but it is definitely an excellent limited card. The current price is mostly due to the charming idea of Ooze tribal, but you can be sure that as soon as this enchantment is over, the market will set its price right where it should be.
Don't expect this to stay in the price range of $7 to $8, as only players that want to tell stories of buying a really expensive Ooze lord for laughs will be paying this price.
The prices presented in this article are subject to change in correspondence with the needs of the Magic market.
Please, be sure to regularly check the prices online in order to have a complete understanding of the trends, and stay tuned to GameSkinny for more Magic: The Gathering card lists!