Steem Total Value Powered Up - $83 million - November 14, 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 number of powered-up STEEM increased by about 100,000 at download time or 60k at posting time.
With not much change in number of STEEM powered up and percentage of market cap powered up, Steem didn't have a bad week, but many tokens had really good weeks, so the modeled value for powered-up STEEM is down this week against all comparison instruments.

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

Total value locked in powered-up STEEM (USD): $83,426,441.47
STEEM market cap $232,006,687.75

Locked value in terms of other tokens:

token	price	locked_value equivalent
tron	0.12	714,953,049
steem-dollars	7.23	11,538,926
bitcoin	64,590.00	1,291
ethereum	4,592.60	18,165
litecoin	271.65	307,110
steem	0.58	142,811,190

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 this week.

VESTED STEEM

Continued flattening. New highs were observed on just 2 days in the last week.

Value of powered-up STEEM in terms of USD

Continuing a generalized uptrend that began in June, but down by about 5% since last week.

Value of powered-up STEEM in terms of Tron (TRX)

After a very strong week, Tron gained in strength by about 13 ¹/₂%, which brought the modeled value of powered-up STEEM below the 800 million guardrail that has been in place for many weeks.

Value of powered-up STEEM in terms of Steem Dollars

Not much change from week to week. Still in a generalized uptrend since June.

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

Up a touch, but basically unchanged since last week (and the three weeks before). 18 consecutive days above 36%; 50 consecutive days above 35%; 93 consecutive days above 34%; and 113 straight days above ¹/₃. Possibly seeing some leveling off during the last month. Will it hold above 36%? Will we go above 37% again?

Value of powered-up STEEM in terms of bitcoin (BTC)

After another strong week and Taproot activation, in terms of BTC, the modeled value for powered up STEEM fell by about 101 BTC, or 7%.

Value of powered-up STEEM in terms of Ethereum

With ETH also sitting near all time highs, the modeled value for powered-up STEEM in terms of ETH was down by about 3 ¹/₂% from week to week.

Value of powered-up STEEM in terms of litecoin

After a stellar week for LTC, the modeled value of powered-up STEEM is down by about 28% (123k LTC) week over week.

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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mzaniss (45) 3 years ago

Steem exchange rate shows stability, I'm more and more interested in knowing this. This further strengthens the evidence for me to suggest my friends invest in steem.

lupega (70) 3 years ago

We are in the middle of the month, I wait for the month of December, it has generally been the best for most of the cryptocurrencies, perhaps steem of an excellent Christmas surprise increasing its price and hopefully next years the rise will continue

aafadjar (64) 3 years ago

I thought, what is the reason for this stable trend of the Steem exchange rate to persist? Is it because there is still not a massive market for trading steem commodities. It could be that the promo-steem campaign for the past few months is not right on target, or stagnant.
It seems that the steem promos made by many steemians are not aimed at investors, they are still limited to a limited circle, sorry - maybe just to get curation from the steemit team. I think we need the encouragement of big curators in steemit to support steem promos that aim to attract investors. I hope the curators will full-support program "steem deposit". Let's discuss it.

nasir.steem (63) 3 years ago

Thank you for the info, that's how I see the decline is not so drastic, and even if it goes up it's not that fast, meaning that there is equality and balance here, I think it's a natural thing about going up and down, but the important thing is the graph is how far it goes down and up in time how long, in this case, do we need to increase the steem promo, to further develop the economic ecosystem, and push the graph to soar high

lican (55) 3 years ago

Thanks for showing this report, so far I have seen stability, the variations are few, there are decreases and rises but in small amounts, this is showing that we can trust this platform to invest.

pennsif (79) 3 years ago

This post has been featured in the latest edition of Steem News...

The Steem News @ 14 November 2021 - Crypto Academy Season 5...

emilyben (53) 3 years ago

Steem power is slightly down than the previous week. So the total staked valu decrease. So there is no reason to worry.

harmonic (53) 3 years ago

Thank you so much for publishing this week's power up report. Although the power of value has been lower this week than the last two weeks, I hope it will increase a lot again.

kwadjobonsu (66) 3 years ago

Well written and detail oriented report as usual. Your updates are very much appreciated.

amryksr (74) 3 years ago

I have included this post in the 22th issue of Steem News Magazine For Steemit Platform | November 14, 2021.

Steem News 22th Edition | The Magazine For Steemit Platform | November 14, 2021

STEEM 0.20

TRX 0.24

JST 0.038

BTC 96590.30

ETH 3333.92

USDT 1.00

SBD 3.16