Steem Total Value Powered Up - $61 million - December 19, 2021
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,
- STEEM was again caught up in an overall market downturn. As a consequence, the modeled value for powered-up STEEM dropped by about 8% against the USD.
- The modeled value for powered-up STEEM was basically flat (within 1%) against SBD and BTC.
- The modeled value for powered-up STEEM gained by about 6% against TRX.
- The modeled value for powered-up STEEM dropped slightly against ETH and LTC.
- Looking ahead: According to steemdb.io, ~1,651,923 STEEM were powered down in the last week, and ~1,092,159 STEEM are pending powerdowns for this week, for a week over week power-down reduction of about 550k STEEM tokens, or 34%.
Here are the numbers as-of a few minutes ago:
Total value locked in powered-up STEEM (USD): $61,074,983.97
STEEM market cap $168,706,512.07
Locked value in terms of other tokens:
| token | price | locked_value equivalent |
|---|---|---|
| tron | 0.08 | 765,878,537 |
| steem-dollars | 5.46 | 11,185,894 |
| bitcoin | 46,679.00 | 1,308 |
| ethereum | 3,912.73 | 15,609 |
| litecoin | 153.30 | 398,401 |
| steem | 0.43 | 143,013,993 |
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 through this week.
VESTED STEEM
Continued flattening. This week's only new high was seen on December 13. The week ended basically flat, declining by 123k STEEM or about 0.09%.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, the modeled value for powered-up STEEM is down by about $5 million or 7.8% this week.
Modeled value of powered-up STEEM in terms of Tron (TRX)
This week, the modeled value for powered-up STEEM gained in strength against TRX by about 43 million TRX tokens, or 6%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Down by about 93k SBD, or just under 1% during the last week.
Modeled value of powered-up STEEM as a percentage of Steem's market cap
Still flat since early October. We have now seen 10 consecutive days above 36%; 85 consecutive days above 35%; 128 consecutive days above 34%; and 148 straight days above 1/3. Will it hold above 36%? Will we go above 37% again?
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
BTC gained in strength against the modeled value for powered-up STEEM by about 13 BTC or less than 1% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
ETH gained in relative strength by about 2 1/2% or 400 ETH.
Modeled value of powered-up STEEM in terms of litecoin
In terms of LTC, the modeled value of powered up STEEM fell by about 5%, or 20K LTC. After starting a multi-month uptrend in June, LTC recently has been settling in a range near the 400k - 500k band.
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $102 million (Apr 30)
- Steem Total Value Powered Up - $158 million (May 7)
- Steem Total Value Powered Up - $108 million - May 14, 2021
- Steem Total Value Powered Up - $77 million - May 21, 2021
- Steem Total Value Powered Up - $64 million - May 28, 2021
- Steem Total Value Powered Up - $64 million - June 4, 2021
- Steem Total Value Powered Up - $55 million - June 11, 2021
- Steem Total Value Powered Up - $47 million - July 16, 2021
- Steem Total Value Powered Up - $48 million - July 23, 2021
- Steem Total Value Powered Up - $62 million - July 30, 2021
- Steem Total Value Powered Up - $67 million - August 6, 2021
- Steem Total Value Powered Up - $74 million - August 13, 2021
- Steem Total Value Powered Up - $75 million - August 20, 2021
- Steem Total Value Powered Up - $80 million - August 27, 2021
- Steem Total Value Powered Up - $89 million - September 3, 2021
- Steem Total Value Powered Up - $89 million - September 12, 2021
- Steem Total Value Powered Up - $86 million - September 19, 2021
- Steem Total Value Powered Up - $68 million - September 26, 2021
- Steem Total Value Powered Up - $76 million - October 3, 2021
- Steem Total Value Powered Up - $88 million - October 10, 2021
- Steem Total Value Powered Up - $83 million - October 17, 2021
- Steem Total Value Powered Up - $83 million - October 24, 2021
- Steem Total Value Powered Up - $88 million - October 31, 2021
- Steem Total Value Powered Up - $87 million - November 7, 2021
- Steem Total Value Powered Up - $83 million - November 14, 2021
- Steem Total Value Powered Up - $87 million - November 21, 2021
- Steem Total Value Powered Up - $104 million - November 28, 2021
- Steem Total Value Powered Up - $66 million - December 5, 2021
- Steem Total Value Powered Up - $66 million - December 12, 2021
- Steem Total Value Powered Up - $61 million - December 19, 2021
Every day fewer people do power up, it can be reflected in the last 3 weeks according to the graph and your weekly summary.
It might be more powering down or less powering up. We can't really tell for sure with the numbers I have collected so far. My guess is that there may have been increase in powering down, starting in early/mid October.
On the upside, when high stakes voters are powering down, the ones who remain get more in interest and curation rewards.
I understand .. I imagine that it will also have been turned off by the news of justin sun.
Steem price is stable for months. And It is not pumping to a great extent. And recently Justin Sun have left tron. I don't know whether that news will affect steem or not. Anyway I want to see steem staked value more than $100 million. I hope it will happen soon.
Inviting more users and investors to Steemit can increase the value of Steem and develope this platform. That's why we should join #promo-steem project and work for increasing users over the world.
The price of cryptocurrencies is falling, and STEEM is not left out of all this, I thought we were going to have a good end of the year but from what I see, it will not be like that.
Will all this have to do with the crypto winter to come and what are some analysts forecasting?
Maybe. I've given up on trying to guess where crypto markets will go in the future.
The price of steem coin is a little lower this time than last month. So I think now is the right time to do powerup.
I think power down is wrong decision for now. The price of Steem is decreasing for power down. It’s really a great chance to buy Steem at low price and power up steem. It will help to increase Steem price. Thanks for this deep analysis.
I still see the exchange rate moving up and down steadily.
I estimate that until the end of the year the price of steem will still be between $040 - $0.65.
With the current exchange rate of steem it is an opportunity to invest even more SP.
people are in error right now, they turn off STEEM, what's the point of doing power down when the price of STEEM goes down, that's a mistake, I think for now buy STEEM and power on, it's much better.
You think steem will increase next days?
I have given up on trying to guess. The good thing is that even when prices are down, people who have powered up can still gain curation rewards. When the market eventually turns around, they'll have more tokens gaining in value.