Steem Total Value Powered Up - $66 million - December 26, 2021

remlaps-lite (76)in #steem • 3 years ago

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,

The modeled value for powered up STEEM gained by about $4 million, or 6% against the USD.
Continued sideways movement in the reported number of powered-up STEEM. No new highs in the last 13 days.
The modeled value for powered up STEEM was flat against SBD and BTC.
The percent of market cap powered up was also flat.
The modeled value for powered up STEEM showed modest gains against ETH (2.4%), TRX (5.3%) and LTC (6.4%).
For powerdowns, SteemDB shows 1,538,409 STEEM powered down in the last week, and 902,629 STEEM pending in the next week. This reflects a week-over-week reduction of 41.33%, but pending numbers do not include Sunday, Jan 2, so it's not necessarily the best comparison. (If we do a week over week comparison from Monday through Saturday, the days with complete numbers, we see a reduction of about 14%.)
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See the new graph at the bottom of this week's data for completed and pending powerdown activity.

Here are the numbers as-of a few minutes ago:

Total value locked in powered-up STEEM (USD): $65,625,341.17
STEEM market cap $181,495,134.70

Locked value in terms of other tokens:

token	price	locked_value equivalent
tron	0.08	805,545,081
steem-dollars	5.80	11,314,713
bitcoin	50,404.00	1,301
ethereum	4,080.47	16,082
litecoin	156.31	419,840
steem	0.46	142,567,707

And here are the charts, based on data collected daily since April 10.

Daily Changes

Here is a chart of daily changes in powered-up STEEM from April 11 to present. The graph also includes a linear trend line and a 28 day moving average. Frequent transitions between positive and negative began around October 11 and continued through this week.

VESTED STEEM

Continued flattening. No new highs this week, with a tiny overall decline of ¹/₂ million STEEM, or about 0.3%.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, the modeled value for powered-up STEEM was up by about $4 million, or 6.6%.

Modeled value of powered-up STEEM in terms of Tron (TRX)

This week, the modeled value for powered-up STEEM gained in strength against TRX by about 40 million TRX tokens, or 5 ¹/₂% and clawed its way back above 800 million TRX.

Modeled value of powered-up STEEM in terms of Steem Dollars

Down by about 40k SBD, or just under ¹/₂% during the last week.

Modeled value of powered-up STEEM as a percentage of Steem's market cap

Still flat since early October. We have now seen 17 consecutive days above 36%; 92 consecutive days above 35%; 135 consecutive days above 34%; and 155 straight days above ¹/₃. Will it hold above 36%? Will we go above 37% again?

Modeled value of powered-up STEEM in terms of bitcoin (BTC)

BTC gained in strength against the modeled value for powered-up STEEM by about 4 BTC, well under 1%, during the week.

Modeled value of powered-up STEEM in terms of Ethereum

Up by 377 ETH or ~2.4% in the last week.

Modeled value of powered-up STEEM in terms of litecoin

In terms of LTC, the modeled value of powered up STEEM gained by about 6.4% or 25K LTC. Still hanging around near the 400k - 500k band.

Daily Powerdown Activity

Finally, here is a new graph with data from steemdb.io to show daily completed and pending powerdown activity.

Note that today's number reflects a combination of completed and pending.

Notes

Reference prices for STEEM and other tokens are downloaded from coingecko.com

Previous posts

#metrics #tvpu #steemexclusive #penny4thoughts

3 years ago in #steem by remlaps-lite (76)

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aafadjar (64) 3 years ago (edited)

When I pay attention to the amount of steem powerdown this week, compared to supply I think the price of steem will stay at the price position last week.

Even though I haven't counted the total number of steem power-ups this week, but I have looked at it at a glance and I think the number will be directly proportional to the total number of powerdowns. Many steemians are trying to maintain steem for the sake of participation #club5050 #club75 and #club100

tht (69) 3 years ago

Sending Steems to exchanges creates selling pressure. Should a new arrangement be made during the powerdown period? 8 weeks seems ideal.

remlaps-lite (76) 3 years ago

I didn't see any obvious gain in STEEM's price when they reduced it from 2 years to 13 weeks or when they reduced it from 13 weeks to 4 weeks, so I'm not sure how much doubling it would help the price. Personally, I would prefer a longer powerdown window just for account safety - so that funds cannot be fully withdrawn inside the account recovery window, but it's not high on my priority list.

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mdfahim (56) 3 years ago

Steem price has started to increase and I hope it will continue to increase. Next year will be the best time for crypto investors. Steem price will hit $1 by 2022. Thank you.

rakib505 (56) 3 years ago

Glad to see that, Steem total value powered up has increased from $61 million to $66 million. Hopefully it will reach to $100 million in January . Thanks for this deep analysis.

lupega (69) 3 years ago

Guardo i grafici e penso a cosa prevedevano i tutorial per questi mesi, questo mercato è decisamente molto volatile, un giorno siamo ricchi e il giorno dopo torniamo alla nostra solita situazione economica, e così via, ecco perché sono un HOLDER

lican (55) 3 years ago

It is good to know that there is an increase of more than 8% compared to the last week. Hopefully it continues like this.

steemibu351 (57) 3 years ago

It is very good sign for steem to hold more than $60 million staked value in this time. Awaiting eagerly for better future of steem and steemit.

brismar (59) 3 years ago

Thanks for such good and detailed information, quite complete friend. Greetings.

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muhammadkamal (49) 3 years ago

I hope it will continue to increase..

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mukulhossain (54) 3 years ago

Feel rich?The number is big!

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STEEM 0.17

TRX 0.12

JST 0.027

BTC 55499.23

ETH 2917.22

USDT 1.00

SBD 2.30