Failing Steem Prices result in Power down for the week

in whalesanalytics •  8 years ago 

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Steem Prices are found to be volatile. It ranged from the high of 73500 Satoshis per Steem to the low of 36250 Satoshis on Poloniex between 6th July to 13th July.
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Analysis of the prices compared with the statistics of power down during the next week shows that there is a substantial decrease in the power down activities of the whales. #whalesanalytics project gathers all the information.
The activity of power down is directly proportional to the market price of the steem on the crypto currency exchanges.

When the prices move up the power down activity goes up and when the prices go down, power down activity also goes down. Typically, i have seen that in a week, there is a power down of 1.5 million dollars in a week, however during the week i analysed activity has reduced to 1.1 Mllion Dollars

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@coffeelovers i follow your posts religiously. I am quite new to this platform and have been involved on steemit as red fish, i probably have some more time to become even minnow as i dont see enough vests to call myself as Minnow.
Your study about whales is terrific, its really appreciated. Your study group #whalesanalytics is revolving around which whales are becoming active and have more followers.
You need to guide minnows or red fishes like me to become whales, that would help community a lot
Keep posting

thanks for the analysis @coffeelovers I can see the value of posts also going down :( is it that market driven?

@vedvati currently the price of Steem is very volatile which is leading to the decrease in the value of the upvotes on the posts. As the steem and SBD prices start going up the prices should be adjusted back. Additionally, you should also keep one thing in mind that the values would change after 3.5 days as the average for 3.5 days is calculated for the value of the upvotes

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by maochitse from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.

I belive , writing good content , is very important to engage followers .. :) @ronaldmcateer

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