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It also has the additional disadvantage of being a creature which has been far outclassed by many creatures since its printing

As for the price, its probably hype coupled with nostalgia and maybe some FOMO

Cyberse Gadget Cyberse Gadget Cyberse Effect GR Gold Rare R Rare C Common Related Cards View as Gallery View as List Ancient Gear Gadget X EARTH Level 4 [ MachineEffect ] ATK 500 DEF 2000 If this card is Normal or Special Summoned: You can declare 1 card type (Monster, Spell, or Trap)

This time, Gengar is one of the faces of the Mega Shine set, which is how you know that the team intends for it to see play