Steem Total Value Powered Up - $65 million - April 3, 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,
- Week over week, the number of powered up STEEM increased by 1.1 million, or just about 3/4%.
- The week saw 6 daily increases and 5 new highs in number of STEEM powered up..
- At 39.45%, yesterday was the highest observed day as a percentage of market capitalization.
- The modeled value of powered-up STEEM gained in strength against BTC, LTC, and TRX. It lost ground against SBD and ETH.
- The modeled value of powered-up STEEM gained by $5 million, or 9% against the USD.
I don't have full visibility of weekly powerdowns because the web site, steemdb.io, was down for a few days. At the moment, it seems to be back up and rebuilding its database.- Update: The steemdb.io database seeems to be caught up now. Last week's report showed 477K in completed powerdowns. This week it shows 561K, representing a weekly increase of 15%.
- In terms of USD and all comparison tokens, today's locked value is higher than the January 1, 2022 baseline.
- I added Mean value lines to nearly all graphs this week.
Here are the numbers as-of a few minutes ago:
Total value locked in powered-up STEEM (USD): $65,346,127.42
STEEM market cap $165,456,465.50
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2022 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.07 | 899,341,142 | 809,173,538 | 111.14% |
| steem-dollars | $5.20 | 12,566,562 | 11,284,131 | 111.36% |
| bitcoin | $46,509.00 | 1,405 | 1,300 | 108.11% |
| ethereum | $3,499.75 | 18,671 | 16,501 | 113.15% |
| litecoin | $126.49 | 516,611 | 411,561 | 125.53% |
| steem | $0.42 | 155,700,569 | 142,930,214 | 108.93% |
| USD | $1.00 | 65,346,127 | 61,837,042 | 105.68% |
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 increase of about 1 million, this week saw six out of seven daily increases and also new highs each day from Tuesday through today. This is the thirteenth consecutive week with a clear upward slope.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly increase of about $5 million, or 9%. The value remains above its summertime and more recent lows, and it's flirting with its long term mean (from April 11, 2021 when I started this series of reports).
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM gained against TRX by about 19 million, or about 2%. This puts it almost dead-center in the previously common channel between 800 million and 1 billion.
Modeled value of powered-up STEEM in terms of Steem Dollars
Down by about 110K, or a bit under 1%
Modeled value of powered-up STEEM as a percentage of Steem's market cap
Gained ground again this week, climbing above 39% and reaching a new high at 39.45% yesterday (April 2). We have now seen 13 consecutive days above 39%; 32 consecutive days above 38%; 63 consecutive days above 37%; 190 consecutive days above 35%; and 253 straight days above 1/3. Also, the graph has started to reestablish an upward-seeming slope since the beginning of 2022. Will it hold above 39%? Will it go above 40%?
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Up by about 71 BTC, or 5% during the week. Now flirting with the 1,500 line for the first time since December.
Modeled value of powered-up STEEM in terms of Ethereum
Down by about 173 ETH, or 1%. In the longer term, this has been approaching 20,000 ETH from below since December.
Modeled value of powered-up STEEM in terms of Litecoin
Powered-up STEEM gained by about 33,000 LTC, or about 7%. Still hanging around the 400k - 500k band, but taking a little jaunt above 500.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. Overall, with about 561K powered down last week and 491K pending, we can expect weekly powerdowns to decrease by about 11% 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. Numbers from April 2 and 3 are still missing while steemdb.io appears to be rebuilding its database.
Here are some descriptive statistics for the numbers geeks:
Update: These numbers have now become available.
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $67 million - January 2,
20212022 - Steem Total Value Powered Up - $57 million - January 9, 2022
- Steem Total Value Powered Up - $60 million - January 16, 2022
- Steem Total Value Powered Up - $43 million - January 23, 2022
- Steem Total Value Powered Up - $46 million - January 30, 2022
- Steem Total Value Powered Up - $54 million - February 6, 2022
- Steem Total Value Powered Up - $50 million - February 13, 2022
- Steem Total Value Powered Up - $46 million - February 20, 2022
- Steem Total Value Powered Up - $48 million - February 27, 2022
- Steem Total Value Powered Up - $47 million - March 6, 2022
- Steem Total Value Powered Up - $47 million - March 13, 2022
- Steem Total Value Powered Up - $51 million - March 20, 2022
- Steem Total Value Powered Up - $60 million - March 27, 2022
- Steem Total Value Powered Up - $65 million - April 3, 2022
The current price of cryptocurrencies in general continues to have some increase, however with this market, we wake up very well economically, the next day or the following three hours we return to our current economic state haaaaaaa, that is, we become millionaires for a few hours .
I wish you a happy start of the week
Most of the PowerDown starters are the Korean community. There is a mismatch between the Korean community and the steemit community. It's like two separate entities. We're close to 40%, that's great.
Korean community is one of the biggest. It is not good sign if they leave steemit. May be there is some misunderstand. It should be cleared. They are doing great for any platform they enter.
Korean community is very effective. So the leaving of this community is a big shake to this platform. The authority should take proper step to fight against this bad situation.
The ratio of locked Steem to locked ethereum is too high. After Ethereum 2.0 in 2020, Ethereum started to crash and this made the price of ethereum skyrocket. The number of locked ethereum is 11 million. The total amount of ethereum is 120 million. The rate is 9%.
Stake value of steem is constantly increasing in last 30 days. It is very good sign. There was some struggle of steem after Sun's announcement. But steem has its enough power to face any situation and obstackle. Steem is eternal king. Steem is up.
The Steem Total Value Powered Up so far this year and through April 03 2022 has an average of $52,9 million.
I haven't seen your weekly report for a while, I've been a bit lost from steemit, so it looks like in the last three weeks the numbers are very favorable for the steem ecosystem.
Welcome back. Yes, the numbers were looking up when I posted this. The market has walked it back a little bit since then.
I think market is now on a small correction and it will pump again. Steem total value powered up will be $70 million very soon. Thank you.
thank you for showing us this important data
Thanks for sharing with us in detail. We can analyze the data and determine our long-term buy and sell strategy accordingly.
There is a huge chances to hit BTC at $60k this month. I hope this month will be a great month for crypto holders. Thanks for your deep analysis.