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 about 2.2 million, or 1 1/2%.
I'm not sure, but this might be the biggest weekly increase since I started tracking.(Feb 27 to March 6 was bigger, 2.4 million) Most of the increase this week was due to a 1 1/2 million increase on Tuesday, March 15. - After a string of 21 consecutive daily increases, today was the first day in three weeks that saw a decline in the number of powered up STEEM.
- At 38.98%, Friday, March 18, was the highest observed value for percentage of market capitalization since I started recording data last year.
- The modeled value of powered-up STEEM gained in strength against all comparison tokens, except for ETH.
- The modeled value of powered-up STEEM gained by $3 1/2 million, or 7 1/2% against the USD.
- The total STEEM powered down increased by about 38% from 465K powered down last week to 641K this week.
Here are the numbers as-of a few minutes ago:
Total value locked in powered-up STEEM (USD): $50,759,653.37
STEEM market cap $130,275,220.75
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2022 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.06 | 829,853,570 | 809,173,538 | 102.56% |
| steem-dollars | $4.28 | 11,859,732 | 11,284,131 | 105.10% |
| bitcoin | $41,232.00 | 1,231 | 1,300 | 94.73% |
| ethereum | $2,840.10 | 17,872 | 16,501 | 108.31% |
| litecoin | $112.85 | 449,797 | 411,561 | 109.29% |
| steem | $0.33 | 153,625,797 | 142,930,214 | 107.48% |
| USD | $1.00 | 50,759,653 | 61,837,042 | 82.09% |
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 2.2 million, this week saw six out of seven daily increases and also new highs each day except for today. This is the eleventh 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 $3 1/2 million, or 7 1/2%. The value remains above its summertime and more recent lows.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM gained against TRX by about 44 million, or about 5 2/3%. Still flirting with the 800 million line..
Modeled value of powered-up STEEM in terms of Steem Dollars
Up by about 400K, or 3 3/4%
Modeled value of powered-up STEEM as a percentage of Steem's market cap
Gained ground again this week, holding its ground above 38% and reaching a new high at 38.98% on Friday (March 18). We have now seen 18 consecutive days above 38%; 49 consecutive days above 37%; 176 consecutive days above 35%; and 239 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 38%? Will it go above 39%?
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Up by about 27 BTC, or 2 1/4%, during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Down by about 350, or 2%
Modeled value of powered-up STEEM in terms of Litecoin
Powered-up STEEM gained by about 3,000 LTC, or less than 1%. 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 641K powered down last week and 442K pending, we can expect an overall decrease in powerdowns by about 31% or more in the coming week.
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.
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
- 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
We have seen two bull run of BTC this year and the third bull run is coming very soon as BTC price analysis. March was not good time for crypto market from last few years but April- March and November - December will be the best time for crypto market this year. Thanks for your deep analysis.
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I think that the current conflict between RUSSIA and UKRAINE has had too much influence on the issue of cryptocurrencies, however the BTC goes on and on, and if it continues, the other currencies will increase their value, possibly the ignition will increase
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When I observe the power-up trend that shows the upward chart, I think it is a positive signal for the rise of steem for at least the next 7 days, or it could be a turning point towards the peak of the increase with the exchange rate above $0.35.
The achievement of 38.98 percent power-ups on Friday and the increase in the Steem exchange rate, are increasingly interesting to observe. I'm sure, even though in the next week the number of steem power-ups will not reach above 39 percent, they will stay above 37 percent.
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Crypto related people are now confuse about crypto market. I think this is the reason of power down. But market is stable from last month and it can pump any time. So amount of power up is increasing. Thank you.
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The power up so far this year and until March 20, 2022, has an average of $ 51,333 million.
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There is an increase in the number of powerdowns on Friday and after. However, a decrease below 38% will not occur.
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On the other hand, it is positive for our ecosystem that the number of locked tokens is increasing day by day in a very uncertain industry that is developing.
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This week has been an impressive record. Let's set a new record every week
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Important to know. Thank you.
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