Steem Total Value Powered Up - $26 million - December 18, 2022
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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- Week over week, the number of powered up STEEM decreased by about 132K SP, or 0.08%.
- Over the course of the week, we saw five daily increases and no new highs in the number of staked STEEM.
- The modeled value lost ground against all comparison tokens except for LTC. Changes ranged from -9% against USD to +10% against LTC.
- The modeled value remains above its January 1 baseline for SBD, BTC, and ETH. It is now below its January 1 baseline in terms of TRX, USD, and LTC.
- This week (Sunday through Saturday) saw a total of 945K STEEM powered down, which is down by about 3% from last week's 973K STEEM (Sunday through Saturday).
Here are the numbers as-of a few minutes ago |
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Total value locked in powered-up STEEM (USD): $26,218,597.42
Exernal STEEM market cap (coingecko) $66,678,218.89
Internal STEEM market cap (median_price * current_supply) $67,573,600.00
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2022 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.05 | 485,197,132 | 809,173,538 | 59.96% |
| steem-dollars | $2.18 | 12,026,879 | 11,284,131 | 106.58% |
| bitcoin | $16,747.68 | 1,565 | 1,300 | 120.42% |
| ethereum | $1,184.24 | 22,139 | 16,501 | 134.17% |
| litecoin | $64.61 | 405,797 | 411,561 | 98.60% |
| steem | $0.16 | 166,170,815 | 142,930,214 | 116.26% |
| USD | $1.00 | 26,218,597 | 61,837,042 | 42.40% |
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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 166,084,856, which is down by ~132K, or 1/10% from last week's observed value. The graph trends down slightly for the week.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly decline of about $2.7 million, or about 9%.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM lost ground by about 43 million tokens against TRX or almost 8%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Down by nearly 740K SBDs or about 5 1/2%
Modeled value of powered-up STEEM as a percentage of Steem's market cap
After today's observed value of 39.94% the graph was basically flat for the week. We have now seen 258 consecutive days above 39%; 322 consecutive days above 37%; 449 consecutive days above 35%; and 512 straight days above 1/3. Will it hold above 39? Will it climb to 40%?
*As previously reported, the big drop on December 4 was due to a correction in the value that Coingecko is getting for its circulating supply. Numbers before December 4 were based on an artificially low supply measurement.
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Down by about 115 BTC, or 6 1/2% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM lost ground by about 410 ETH, or roughly 1 3/4%.
Modeled value of powered-up STEEM in terms of LTC
Powered-up STEEM gained ground by about 39K LTC, or about 10%.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 945K in completed powerdowns last week and 1.04 million pending (both measured from Sunday through Saturday[GMT time zone]), we might expect powerdowns to increase next week by about 10% or less.
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 900 pending power downs (down from 1,017 last week), here are the times, dates, and amounts of the top-10 |
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1 2022-12-22T16:30:36 - 430,666,181 VESTS, 241,059 STEEM
2 2022-12-24T11:47:00 - 422,089,188 VESTS, 236,258 STEEM
3 2022-12-19T07:00:21 - 123,336,353 VESTS, 69,036 STEEM
4 2022-12-24T12:47:33 - 108,747,961 VESTS, 60,870 STEEM
5 2022-12-25T15:05:03 - 101,339,676 VESTS, 56,723 STEEM
6 2022-12-22T08:39:36 - 44,844,175 VESTS, 25,101 STEEM
7 2022-12-21T14:43:27 - 43,747,726 VESTS, 24,487 STEEM
8 2022-12-21T13:11:45 - 26,852,449 VESTS, 15,030 STEEM
9 2022-12-22T07:10:00 - 26,687,193 VESTS, 14,938 STEEM
10 2022-12-21T05:47:12 - 25,193,885 VESTS, 14,102 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $34 million - July 3, 2022
- Steem Total Value Powered Up - $37 million - July 10, 2022
- Steem Total Value Powered Up - $36 million - July 17, 2022
- Steem Total Value Powered Up - $38 million - July 24, 2022
- Steem Total Value Powered Up - $41 million - July 31, 2022
- Steem Total Value Powered Up - $41 million - August 7, 2022
- Steem Total Value Powered Up - $43 million - August 14, 2022
- Steem Total Value Powered Up - $38 million - August 21, 2022
- Steem Total Value Powered Up - $36 million - August 28, 2022
- Steem Total Value Powered Up - $37 million - September 11, 2022
- Steem Total Value Powered Up - $36 million - September 18, 2022
- Steem Total Value Powered Up - $36 million - September 25, 2022
- Steem Total Value Powered Up - $35 million - October 2, 2022
- Steem Total Value Powered Up - $38 million - October 9, 2022
- Steem Total Value Powered Up - $37 million - October 16, 2022
- Steem Total Value Powered Up - $37 million - October 23, 2022
- Steem Total Value Powered Up - $39 million - October 30, 2022
- Steem Total Value Powered Up - $40 million - November 6, 2022
- Steem Total Value Powered Up - $24 million - November 13, 2022
- Steem Total Value Powered Up - $29 million - November 20, 2022
- Steem Total Value Powered Up - $30 million - November 27, 2022
- Steem Total Value Powered Up - $30 million - December 4, 2022
- Steem Total Value Powered Up - $30 million - December 11, 2022
- Steem Total Value Powered Up - $26 million - December 18, 2022
For links from 2021 and the first half of 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 - $36 million - June 26, 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
Sometimes I think, performing POWER UP is fine, however when we need or want to take our earnings to buy something, or simply enjoy a delicious meal, ¿ WHAT? It seems fair to me to make a profit, for example, I am converting STEEM into SBD, at some point its value rises, if I constantly POWER UP I will not be able to take advantage of the increase in SBD, conclusion, if I work, I also make a profit
Yeah, I agree. If we want people to create practical uses for STEEM, then it can't all be powered up. I think it's useful to track it, though, as a measure of investor confidence.
POWER UP is a necessary measure in the development of your account and platform. Of course, ideally, you do not need to bring steem to the stock exchange, but only accumulate. I believe that the price has not yet reached its peak, and now there is a slight prolonged drop, which will soon return to normal.
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this week's steem buff is a pretty good number. We need to take this to a higher level. this is mandatory to enter the top 100
117 accounts less power downs less than last week. This is a great result for the week. Thank you for a good and informative report.