This card is sure to be in consideration for mono-red aggro decks moving forward, thanks to its versatility in low two-mana cost
These spells leverage life as a resource, offering you crucial card advantage at the cost of your own vitality
In her explanation of the banned cards, designer Arya Karamchandani wrote that cards which disrupt play too significantly can homogenize the decks people play because its hard to justify playing a personal favorite card or a metagame-specific call if it means giving up Jegantha [the Wellspring]. This becomes an increasingly more dire problem as the rate of releases dramatically increases with IP tie-ins like the Universes Beyond Lord of the Rings set, which saw a card banned on this list
Two immediate options that come to mind are Jodah, Archmage Eternal, which basically lets you cast this for WUBRG and then net yourself 5 mana to help cast the spells you reveal, and Mizzix of the Izmagnus, which can cast this 10cmc spell for as low as RRR
Having looked at their site and done some quick conversion math, their prices on sealed products are also excellent (and props to them for having the yen to dollar conversion rate on all their pages)
Although they might struggle at the highest cEDH levels, they dominate most high-power casual tables.