Steem Total Value Powered Up - $33 million - January 22, 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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- Week over week, the number of powered up STEEM increased by about 205K SP, or 0.12%.
- Over the course of the week, we saw five daily increases and five new highs in the number of staked STEEM.
- The modeled value gained ground against all comparison tokens. Changes ranged from 1/10% against BTC to 10% against USD.
- Compared to the January 1, 2023 baseline, the modeled value is higher than all comparison tokens except for BTC and ETH.
- This week (Sunday through Saturday) saw a total of 391K STEEM powered down, which is down by about 26% from last week's 531K 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): $33,263,260.14
Exernal STEEM market cap (coingecko) $84,304,997.90
Internal STEEM market cap (median_price * current_supply) $82,897,200.00
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2023 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.06 | 536,478,237 | 445,758,870 | 120.35% |
| steem-dollars | $2.57 | 12,942,902 | 11,564,498 | 111.92% |
| bitcoin | $22,629.00 | 1,469 | 1,477 | 99.49% |
| ethereum | $1,630.66 | 20,398 | 20,406 | 99.96% |
| litecoin | $87.82 | 378,766 | 344,287 | 110.01% |
| steem | $0.20 | 167,651,646 | 166,882,703 | 100.46% |
| USD | $1.00 | 33,263,260 | 24,516,738 | 135.68% |
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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 167,648,052, which is up by about 200K STEEM, or 1/10% from last week's observed value. The graph remains basically flat, with a barely perceptible upslope, during recent weeks.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, the value remained above the December 30, 2022 low of $23,718,335.58 and advanced by another $3 million, or 10% over last week's value.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM advanced against TRX by about 43 million tokens or almost 9%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Powered-up STEEM advanced about 900K SBDs over the last week, which is a bit over 7 1/2%
Modeled value of powered-up STEEM as a percentage of Steem's market cap
After today's observed value of 39.43% the graph was basically flat for the past five weeks. We have now seen 293 consecutive days above 39%; 357 consecutive days above 37%; 484 consecutive days above 35%; and 547 straight days above 1/3. Will it hold above 39? Will it climb to 40%?
*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)
Powered-up STEEM gained ground by about 1 BTC, or less than 1/10% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM gained ground in the last seven days by ~477 ETH, or almost 2 1/2%.
Modeled value of powered-up STEEM in terms of LTC
In the last 7 days, powered-up STEEM gained against LTC by about 28K LTC, or roughly 8%.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 391K in completed powerdowns last week and 510K pending (both measured from Sunday through Saturday[GMT time zone]), we might expect powerdowns to increase next week by about 17% 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 1,040 pending power downs (down from 1,058 last week), here are the times, dates, and amounts of the top-10 |
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1 2023-01-24T03:02:30 - 129,601,623 VESTS, 72,746 STEEM
2 2023-01-29T18:05:09 - 91,485,717 VESTS, 51,351 STEEM
3 2023-01-27T17:35:51 - 85,992,982 VESTS, 48,268 STEEM
4 2023-01-23T02:19:45 - 53,331,658 VESTS, 29,935 STEEM
5 2023-01-25T21:46:00 - 38,345,886 VESTS, 21,524 STEEM
6 2023-01-28T07:24:36 - 31,233,554 VESTS, 17,531 STEEM
7 2023-01-26T10:11:48 - 24,948,755 VESTS, 14,004 STEEM
8 2023-01-28T08:08:45 - 22,183,474 VESTS, 12,452 STEEM
9 2023-01-26T18:55:57 - 21,024,440 VESTS, 11,801 STEEM
10 2023-01-28T09:11:27 - 16,241,351 VESTS, 9,116 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $33 million - January 22, 2023
- Steem Total Value Powered Up - $30 million - January 15, 2023
- Steem Total Value Powered Up - $25 million - January 8, 2023
- Steem Total Value Powered Up - $24 million - January 1, 2023
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
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This week's steem buff is pretty high. But I think there is a problem somewhere. I think the SP rate should exceed 51%.
How so?
Total number of Steem Power / Number of Circulating Supply Steem: 51%
I get 39.4%.
I don't think it's a good rate. If we make this rate 51%, both the amount of steem on the exchanges will decrease and the network will be more reliable.
Oh, now I understand. Thank you for the clarification.
User rme is investing large amounts of steem and turning it into steempower. I think the hungry-griffin account is also firm. He has bought 5 million more steem and according to he will continue investing..
Yep. In all the time I've been tracking this, those two accounts have definitely done the most powering up.
I have analyzed the price of STEEM and SBD, the SBD changes its price quite quickly, it seems unusual to me, in relation to STEEM, its voltility is more usual, what I want to say is that the price of the SBD has been very manipulated, no It's normal for such sudden changes in its value, this is something that makes me think, well, I'm not a great investor, so I let the matter go and continue accumulating SBD and doing some POWER UPs, the fact of working makes me accumulate and is what I want
Basically, I think that SBD has ranged from 10-14 times the price of STEEM for the last year or two. I have no idea how it's staying in that trading range, though.
I am glad that fewer and fewer people are turning off the power to their accounts. I also monitor the growth or fall of the steem price on the stock exchange. I can say that there was a jump in the price of the coin, and then a sharp decline. Your dynamics in the charts confirm this.
STEEM's forecasts are quite good. the most important thing is that this is a spiritual platform, where you can even discover a writer's talent and learn a lot of new and interesting things.