Steem Total Value Powered Up - $37 million - July 10, 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 |
|---|
| BTC stayed in the summer doldrums this the week, edging into the range near $20K through $22K. |
| Week over week, the number of powered up STEEM declined by about 127K, or about 0.08%. |
| Over the course of the week, we saw three daily increases and no new highs in number of STEEM powered up. |
| The modeled value of powered-up STEEM gained ground against all comparison values, except for ETH. Changes ranged from -0.24% against ETH to +11% against USD. |
| In terms of all comparison values except for TRX, and USD, today's locked value is higher than the January 1, 2022 baseline. |
| This week saw a total of 690K STEEM powered down. Since steemdb.io was not updated at this time last week, a week over week comparison from the last two weeks is not available. This represents a 16% decline, however, against the pending powerdowns for last week, as reflected on June 26. |
Here are the numbers as-of a few minutes ago:
Total value locked in powered-up STEEM (USD): $37,083,696.43
STEEM market cap $93,272,497.96Locked value in terms of other tokens:
token price locked value equivalent Jan 1, 2022 pct of Jan 1 baseline tron $0.07 548,388,809 809,173,538 67.77% steem-dollars $3.04 12,198,584 11,284,131 108.10% bitcoin $20,865.00 1,777 1,300 136.73% ethereum $1,168.56 31,734 16,501 192.32% litecoin $52.11 711,642 411,561 172.91% steem $0.24 157,039,817 142,930,214 109.87% USD $1.00 37,083,696 61,837,042 59.97%
And here are the charts, based on data collected daily since April 10, 2021.
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
With a weekly decline of about 127k, or 1/10%, the graph is basically flat, with a barely perceptible downslope for the last five weeks.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly increase of a little more than 3.6 million dollars, or just over 11%. The value is still below the long-term mean, and back above its recent low near $34 million. It remains above the low of ~27 million from June 22, 2021.
Modeled value of powered-up STEEM in terms of Tron (TRX)
TRX lost ground against powered-up STEEM by about 27 million TRX tokens or just over 5%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Up by about 900K SBDs or just under 8%
Modeled value of powered-up STEEM as a percentage of Steem's market cap
Still running basically flat for the last couple of months - aside from an anomalous spike on April 26. With today's observed value of 39.86%, we have now seen 97 consecutive days above 39%; 130 consecutive days above 38%; 161 consecutive days above 37%; 288 consecutive days above 35%; and 351 straight days above 1/3. Will it hold above 39%? Will it climb above 40%?
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Up by about 25 BTC, or almost 1 1/2% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Down by about 75 ETH, or about 1/4%. Still running in the >30K range, which had not been seen since May, 2021.
Modeled value of powered-up STEEM in terms of LTC
Up by about 41K, or 6%. Still running well above the historical average.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 690K in powerdowns last week and 516K pending for next week, we can expect powerdowns to decline next week by about 25% 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.
Here are some descriptive statistics for the numbers geeks:
And with a total of 1,231 pending power downs, here are the times, dates, and amounts of the top-10:
1 2022-07-15T19:18:42 - 78,046,257 MVESTS, 43,112 STEEM
2 2022-07-14T10:00:18 - 76,114,966 MVESTS, 42,045 STEEM
3 2022-07-17T16:03:57 - 57,442,347 MVESTS, 31,731 STEEM
4 2022-07-13T07:55:45 - 46,504,468 MVESTS, 25,689 STEEM
5 2022-07-12T19:28:03 - 45,781,126 MVESTS, 25,289 STEEM
6 2022-07-11T20:10:00 - 34,412,823 MVESTS, 19,009 STEEM
7 2022-07-16T11:37:51 - 32,361,504 MVESTS, 17,876 STEEM
8 2022-07-11T17:09:18 - 26,262,697 MVESTS, 14,507 STEEM
9 2022-07-14T04:06:03 - 25,729,779 MVESTS, 14,213 STEEM
10 2022-07-11T16:56:39 - 22,281,554 MVESTS, 12,308 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
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
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.
BTC determines the direction of the market. There are US inflation data within the week. If the data comes out too high or above expectations, we will have a very bad week. I think the crypto market will not drop much this week.
I have been closely studying the market lately, and I have realised the whales are keen on manipulating the market to scrap profits off rookie crypto investors. Too many fake pumps and dips.
Yeah, I used to get excited by the "pumps", but now I generally assume that it's just another pump & dump.
The high SBD price is actually a bit of a disadvantage for us. When the SBD market cap approaches the Steem market value, the system starts to increase the Steem supply. Thus, both the supply of steem increases and the price of steem continues to decrease. A change is needed here. The less Steem is released, the more valuable it will be and more steem buffs.
This post has been featured in the latest edition of Steem News...
Steem is worth $34 million last week, while it's $37 million this week. Steem pumping took place during the week. Steem price had risen as high as $0.38. now it's $0.23. Such a price change has never been healthy. What ignorant whale did that?
Some of the top coins such as BTC and ETH experienced a fairly steady increase in exchange rates.
Steem also over the past week showed an increase in exchange rates against the USD.
This could be because investors are starting to look at crypto investment opportunities again, as something promising after the concerns of many investors over the Luna tragedy and the news about the bankruptcy of several crypto companies.
Hopefully steem will strengthen again after this week.
This market is definitely here to stay, it is volatile, it is manipulated, but it is already present, some people feel insecure, but you should not be influenced.