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 overall crypto market stabilized from its previous freefalls (for now, at least)
- As a percentage of market cap, powered-up STEEM passed the elusive 37% twice this week.
- With a gain of about 770k, the number of STEEM powered up hit 4 new highs this week and saw six consecutive daily increases.
- In terms of USD, the modeled value of powered-up STEEM gained by about 9%, or $4 million.
- Completed powerdowns declined from 726k last week to 510k this week.
- This week, the modeled value for powered-up STEEM gained against all comparison tokens except for SBDs.
Here are the numbers as-of a few minutes ago:-
Total value locked in powered-up STEEM (USD): $46,441,269.61
STEEM market cap $126,160,547.51
Locked value in terms of other tokens:
| token | price | locked_value equivalent |
|---|---|---|
| tron | 0.06 | 793,976,434 |
| steem-dollars | 4.36 | 10,651,667 |
| bitcoin | 37,629.00 | 1,234 |
| ethereum | 2,561.30 | 18,131 |
| litecoin | 108.14 | 429,455 |
| steem | 0.32 | 146,000,866 |
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. With six out of seven daily increases for four consecutive weeks and a relatively low number of Pending powerdowns in the coming week, the frequent transitions between positive and negative that began around October 11 seem to be showing signs of slowing.
Here are some descriptive statistics, for numbers geeks.
VESTED STEEM
This week, for the second week in a row, we saw four new highs and six daily increases. Also, the graph has clearly reestablished an upward slope during the last four weeks.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly increase of approximately $4 million, or 9%. The value remains above its summertime and recent lows.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Tron lost ground against powered-up STEEM by 24 million tokens, or about 3%. The total, however, is still hanging below 800 million line for the second week in a row.
Modeled value of powered-up STEEM in terms of Steem Dollars
Down by about 60k SBD or less than 1% during the last week.
Modeled value of powered-up STEEM as a percentage of Steem's market cap
Up - just a touch - again this week, hanging around in the upper 36% range and drifting across the 37% line twice. We have now seen 30 consecutive days above 36%; 127 consecutive days above 35%; 170 consecutive days above 34%; and 190 straight days above 1/3. In the 10 or so months that I've been tracking this, the percentage has been above 37% three times. Two of those were this week. Also, the graph has started to reestablish an upward-seeming slope in recent weeks. Will it hold above 36%? Will it go above 37% again?
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Up by about 18 BTC, or 1 1/2%, during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Up by 328 ETH, or almost 2%, in the last week.
Modeled value of powered-up STEEM in terms of Litecoin
Powered-up STEEM gained strength by about 27k LTC, or almost 7%. Still hanging around the 400k - 500k band.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. Overall, with about 510k powered down last week and 490k pending, we can expect an overall decrease in powerdowns by about 4% or more in the coming week.
Here are some descriptive statistics for the numbers geeks:
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
This is a very cool statistic. I have been watching your posts for a long time. Maybe in the first table I would add another column with the percentage by which the locked_value equivalent has changed for a certain period, for example, for all 10 months during which you observe this value.
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Thanks for the suggestion. I like it. I'll try to remember to add it this weekend.
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Thank you for this useful and relevant comment.
#lucky10
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Cool initiative. You encourage more communication between authors. Steemit is increasingly becoming like a truly social platform.
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Sorry, what hashtag is this sir?
#lucky10
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Even though today's chart data shows that there is a 7% weakening of the Steem exchange rate against the US Dollar, this is not something to worry about, even if compared to last week, the Steem exchange rate actually strengthened.
I have checked the Steem exchange rate data on 26/01/2022, 00:07 Indonesian Time, the Steem exchange rate at that time was recorded: $0.285534, while the Steem Exchange Rate recorded today (31/01/2022, 10:44 am, Indonesian time) is $0.303711. That means, over the last 5 days the steem exchange rate increased by $0.018177
Another interesting data I noticed where Steem Market Capitalization Since 01/26/2022 which was only $113,541,485, increased to $120,090,695 on 01/31/2022. That means there has been an additional investment in steem almost $ 1.5 Million.
source coingecko
Comparing the data you posted last week vs this week, the value of growing steem power has also increased from $43 million to $46 million. Data power-up and powerdown also seems to be directly proportional.
I think we all need to share a lot of information to continue to drive positive market sentiment.
Thanks for update data for us ..
Steem On
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This week the numbers have been favorable for steemit after a bear market, I think that a lot took advantage of the value of steem to invest for that is the reason for the good numbers.
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There was a big increase in powerdown last week.
We should ensure that the ratio of the amount of Steem staked to the total amount of Steem is 70%.
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Very interesting! In the period when there were big drops in cryptocurrencies, the powerup rate decreased. As prices rose, the powerup rate increased.
There is a direct proportion in powerdown with big drops.
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The current statistics have served to POWER UP many people , including me , it is speculated that prices will begin to increase this month , it is a pity that many people sold , to manage this market it is necessary to have a cool head and have money reserve for daily activities, it is my opinion
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I think, the lowest Steem total value powered up was $43 million for this year and it will hit a new all time high this year. Power up will be a great decision for now to gain a huge profit. Thank you.
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Now the amount of power up is less but the amount of power down is also less. It depends a lot on the price rate. I think now it is time to stake.
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Steem Total Value Powered Up - $46 million - January 30, 2022 | #club100 versi Indonesia
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Hopefully Steem price is going to reach at $0.50 very soon and total value powered up will reach at $60 million. Promoting steem coin can impact on increasing investment on Steem and power up what will help to increase the value of steem. Your series is being enhance and popular day by day.Thanks for this deep analysis.
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I have included this post in the 35th issue of Steem News Magazine For Steemit Platform | February 05, 2022.
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This post has been featured in the latest edition of Steem News...
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