Steem Total Value Powered Up - $24 million - January 1, 2023
This is next in my series of posts reviewing the amount and value of powered up STEEM on the Steem blockchain. For previous posts, see the end of this entry.
Noteworthy in the last week |
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- I'm sorry that I missed last week's report as a result of the Christmas holiday.
- Week over week, the number of powered up STEEM increased by about 267K SP, or 0.16%.
- Over the course of the week, we saw six daily increases and no new highs in the number of staked STEEM.
- The modeled value lost ground against all comparison tokens. Changes ranged from -3% against SBD to -15% against LTC.
- The modeled value remains above its January 1, 2022 baseline for SBD, BTC, and ETH. It is now below its January 1, 2022 baseline in terms of TRX, USD, and LTC. Next week, I'll reset the baseline to January 1, 2023.
- This week (Sunday through Saturday) saw a total of 746K STEEM powered down, which is down by about 21% from 945K STEEM in the December 18 report (Sunday through Saturday).
- The modeled value for powered-up STEEM hit its all-time low against the USD (since I started tracking in 2021) on Friday, December 30. Since then, it bounced back by almost $1 million.
- Not this week, but not previously reported, we saw more than 1 million Steem powered up by a single account on December 19, 2022
Here are the numbers as-of a few minutes ago |
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Total value locked in powered-up STEEM (USD): $24,484,193.33
Exernal STEEM market cap (coingecko) $62,026,919.36
Internal STEEM market cap (median_price * current_supply) $60,552,500.00
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2022 | pct of Jan 1, 2022 baseline |
|---|---|---|---|---|
| tron | $0.05 | 445,588,435 | 809,173,538 | 55.07% |
| steem-dollars | $2.12 | 11,549,147 | 11,284,131 | 102.35% |
| bitcoin | $16,613.27 | 1,473 | 1,300 | 113.35% |
| ethereum | $1,202.58 | 20,359 | 16,501 | 123.38% |
| litecoin | $70.96 | 345,042 | 411,561 | 83.84% |
| steem | $0.15 | 166,884,961 | 142,930,214 | 116.76% |
| USD | $1.00 | 24,484,193 | 61,837,042 | 39.59% |
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Daily Changes
Here is a chart of daily changes in powered-up STEEM from April 11, 2021 to present. The graph also includes a linear trend line and a 28 day moving average.
Here are some descriptive statistics, for numbers geeks.
VESTED STEEM
Today's observed value was 166,882,703, which is up by ~267K, or 1/6% from last week's observed value. The graph remains basically flat during the last week.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, an all-time low (since my tracking began) of $23,718,335.58 was observed on Friday, December 30, 2022. As a result of external market conditions, modeled value for powered-up STEEM fell by $2.4 million, or 9% over the last 7 days.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM fell against TRX by slightly over 45 million tokens or 9%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Powered-up STEEM lost ground by nearly 365K SBDs over the last week, which is about 3%
Modeled value of powered-up STEEM as a percentage of Steem's market cap
After today's observed value of 39.57% the graph was basically flat for the past two weeks. We have now seen 272 consecutive days above 39%; 336 consecutive days above 37%; 463 consecutive days above 35%; and 526 straight days above 1/3. Will it hold above 39? Will it climb to 40%?
Today: 39.57%
*As previously reported, the big drop on December 4, 2022 was due to a correction in the value that Coingecko is getting for its circulating supply. Numbers before December 4, 2022 were based on an artificially low supply measurement.
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Down by about 126 BTC, or a little under 8% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM lost ground in the last seven days by about ~1,850 ETH, or roughly 8 1/3%.
Modeled value of powered-up STEEM in terms of LTC
In the last 7 days, powered-up STEEM lost ground by about 62K LTC, or about 15%.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 746K in completed powerdowns last week and 510K pending (both measured from Sunday through Saturday[GMT time zone]), we might expect powerdowns to decrease next week by about 32% or more.
The horizontal lines are the average values for completed (blue) and pending (cyan) powerdowns, and the yellow line is a 28 day moving average of completed powerdowns. "Pending" numbers now come from the Steemit API, not from steemdb.io.
Here are some descriptive statistics for the numbers geeks
| And with a total of 901 pending power downs (up from 900 two weeks ago), here are the times, dates, and amounts of the top-10 |
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1 2023-01-02T07:00:21 - 123,336,353 VESTS, 69,113 STEEM
2 2023-01-07T12:47:33 - 108,747,961 VESTS, 60,938 STEEM
3 2023-01-08T15:05:03 - 101,339,676 VESTS, 56,787 STEEM
4 2023-01-07T07:24:36 - 31,233,554 VESTS, 17,502 STEEM
5 2023-01-05T07:10:00 - 26,687,193 VESTS, 14,954 STEEM
6 2023-01-05T07:46:36 - 26,558,738 VESTS, 14,883 STEEM
7 2023-01-04T05:47:12 - 25,193,885 VESTS, 14,118 STEEM
8 2023-01-04T17:02:03 - 17,672,607 VESTS, 9,903 STEEM
9 2023-01-05T21:20:48 - 16,374,419 VESTS, 9,176 STEEM
10 2023-01-07T09:11:27 - 16,241,351 VESTS, 9,101 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
For links from 2021 and 2022, see these posts:
- Steem Total Value Powered Up - $67 million - January 2,
20212022 - Steem Total Value Powered Up - $36 million - June 26, 2022
- Steem Total Value Powered Up - $26 million - December 18, 2022
Pixabay license, source
Reminder
Visit the /promoted page and #burnsteem25 to support the inflation-fighters who are helping to enable decentralized regulation of Steem token supply growth.166,084,856
A good amount of reinforcement has been made. If the number of powered steems is more than 50% of the number of roaming steems, the network will become stronger.
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I'm sorry that I missed last week's report as a result of the Christmas holiday.
It's okay, all of us people should rest! I wish you a happy New Year and Merry Christmas. May this year be beneficial for you personally and of course for the site steemit.
-15% against LTC this is a serious drop in the steem coin, I hope it will continue for a short period of time. I watched how the coin behaved last year. I can say in relation to bitcoin, its price is much better this year already in 2023.
The price of cryptocurrencies in general is demotivating, the price of steem even more so, I have always thought, it is preferable to receive a little bit , than not receive anything, it all adds up, if I do nothing, I receive nothing, so regardless of the price I will continue working and increasing my wallet, be it a little or a lot