This is because the goal is to copy abilities to "stack shenanigans", which is what is stated in Card Kingdom's blog post about their ideal upgrades and cuts
Being an X spell it gets better as your mana reserves go up however you can play this as a miracle for any value of X and get a really good deal
2019 Primal Genesis Deck The Primal Genesis deck focuses on populating the battlefield with tokens and leveraging those tokens to summon giant creatures
Loot gets double strike, vigilance, and haste, making it a massive threat as soon as it comes into play
While this is an article about Pioneer, I want to stress that I think this is the best card from the set for Modern
They've got everything on the reserved list you could want: Alpha and Beta cards, original dual lands, and tons of other vintage classics that they aren't printing anymore