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It's a new effect and It's a high tier Scout Hat.
By "new", do you mean new 1 month ago?
Umm no, hot dogger it's variant is low mid tier same with this one and quit trying to raise bp value... downvote.
B.o. of 2.5 http://www.tf2outpost.com/trade/11904618
http://www.tf2outpost.com/trade/10951045 c/o of 2, sold for unknown
You yourself bought it for 1.5 ( blizzard samur eye )
It is not high teir and neither is the effect, please provide evidence of your range using trades
I may as well close this then I don't want to seem like a burden to everyone.