Steem Total Value Powered Up - $64 million - May 28, 2021
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 this week, we have reached another new high in terms of powered-up STEEM, but once again the approximate dollar value dropped because of widespread market declines.
Before moving on, just for fun, here is an experiment:
SteemPredicts: (Over/Under) Do you think the powered up STEEM on Thursday - June 3 - will have a value above or below 2,000 BTC? Vote in the comments.
(I will upvote the correct answer on June 3, in order to distribute a few curation rewards to correct voters.)
Now, back to the numbers.
Here are the numbers as of a few minutes ago.
Total value locked in powered-up STEEM (USD): $64,128,529.17
STEEM market cap $207,632,167.382
Locked value in terms of other tokens:
| token | price | locked_value equivalent |
|---|---|---|
| tron | 0.07 | 896,739,462 |
| steem-dollars | 8.56 | 7,491,650 |
| bitcoin | 35,100.00 | 1,827 |
| ethereum | 2,397.40 | 26,749 |
| litecoin | 173.43 | 369,766 |
| steem | 0.54 | 118,295,620 |
And here are the charts, based on data collected daily since April 10.
VESTED STEEM
Every day since May 16 has seen a new high.
Value of powered-up STEEM in terms of USD
This is up from the May 23 low, but still down in comparison to previous weeks.
Value of powered-up STEEM in terms of tron (TRX)
Continued parallel movement near the range between 800 million and 1 billion.
Value of powered-up STEEM in terms of Steem Dollars
SBDs are continuing to show strength in comparison to powered-up STEEM.
Value of powered-up STEEM as a percentage of Steem's market cap
This is actually my favorite metric, but you have to basically ignore the numbers before May 14, since they came from a different web site at a different time of day. After May 14, the percent of market cap has been trending upwards, slowly.
Value of powered-up STEEM in terms of bitcoin (BTC)
Not happy to see this number drop below 2,000, which was a mental benchmark that I have been tracking - for whatever reason. But, at least this sparks a question for the comments.
Value of powered-up STEEM in terms of ethereum
Parallel motion in terms of ethereum and litecoin
Value of powered-up STEEM in terms of litecoin
Parallel motion in terms of litecoin and ethereum
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
- Marketcap data came from coinmarketcap.com through May 13 and from coingecko.com after that.
Vote here if you think powered-up Steem on June 3 at 13:46 (US/Eastern) will have a value that is less than 2,000 BTC.
( I would
declineburn author-rewards on this comment, but unfortunately I don't have an easy way to do that. Update: but I will burn the liquid portion when it pays out.)These voters were correct. The value of powered-up STEEM at download time today was 1,760 BTC.
Liquid rewards burned.
I'm curious. What difference does it make from being greater than 2000 btc to less than 2000 btc?
Hi, it doesn't make any difference. I just think it's a fun experiment to see if we can make use of Steem to predict the answers to questions like that.
I understand, lately there are many people converting all their steem into SP more than all when the SPUD4STEEM approaches I think that these could become a monthly tradition if they continue to support the users who powerup on their accounts.
...
The steem struggled a lot not to decline under the sharp fall of bitcoin but in the end it ended up succumbing
Vote here if you think powered-up Steem on June 3 at 13:46 (US/Eastern) will have a value that is greater than 2,000 BTC.
( I would
declineburn author-rewards on this comment, but unfortunately I don't have an easy way to do that. Update: but I will burn the liquid portion when it pays out. )Liquid rewards burned.