Steem Total Value Powered Up - $86 million - September 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, our streak of consecutive new highs for powered-up STEEM continued, and we're now at 14 days in a row with new highs. Compared to other cryptocurrencies that I am including, powered-up STEEM dropped in value by about 7% against BTC and gained about 4% in value against TRC. Everything else was basically flat. The modeled value for Powered-up STEEM also lost about 4% against the USD.
Here are the numbers as-of a few minutes ago:
Total value locked in powered-up STEEM (USD): $86,063,900.35
STEEM market cap $243,266,245.30
Locked value in terms of other tokens:
| token | price | locked_value equivalent |
|---|---|---|
| tron | 0.11 | 817,872,452 |
| steem-dollars | 7.74 | 11,119,366 |
| bitcoin | 47,474.00 | 1,812 |
| ethereum | 3,344.65 | 25,731 |
| litecoin | 175.36 | 490,784 |
| steem | 0.62 | 138,050,127 |
And here are the charts, based on data collected daily since April 10.
VESTED STEEM
14 consecutive days of new highs with a gain of about 400,000 since last week
Value of powered-up STEEM in terms of USD
Down by about $3 million in the last week, but still in an uptrend from lows in mid/late June.
Value of powered-up STEEM in terms of tron (TRX)
Up by about 4%, flirting with the bottom end of the 800 million to 1 billion range that has been common since April, when data collection started.
Value of powered-up STEEM in terms of Steem Dollars
Basically flat, down by about 90,000 since last week, but also in an uptrend as compared to lows in June.
Value of powered-up STEEM as a percentage of Steem's market cap
September 13 (Monday) saw a new high at 36.33%. 8 consecutive days above 35%, 37 consecutive days above 34%, and 57 straight days above 1/3. Will we sneak back above 36% again? Will we see 37%?
Value of powered-up STEEM in terms of bitcoin (BTC)
Compared to the modeled value of powered-up STEEM, BTC gained by about 7% this week. However, powered-up STEEM is still in a multi-month uptrend as compared to BTC.
Value of powered-up STEEM in terms of ethereum
Not much action to speak of. Ethereum gained a bit of strength.
Value of powered-up STEEM in terms of litecoin
Not much action here, either. Flat against LTC.
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
This part I do not understand when you say powered-up you are referring to the steem that users invest in steempower "True".
If this is how people can powered-up with ethereum? That part I did not understand the same doubt I have with bitcoin.
You're right. Only STEEM can be powered up.
To get the equivalent in other tokens, I multiply the number of powered up STEEM tokens by the market value of STEEM, then divide by the value of the other tokens (BTC, LTC, ETH, SBD, or TRX).
None of those other tokens can actually be powered up.
I believe steem will grow again with the highest exchange rate of its time, with an exchange rate of > $10. Because of that, I continuously freeze steem even in very small amounts.
Btw, now, how much is the total amount of frozen steem (SP)?
I'm curious how to get the total amount of frozen steem information.
Thanks for sharing
You can get the number of frozen steem from steemworld.org (from @steemchiller), steemd.com, or steemdb.io.
On steemworld, it's under "System Info".
On steemd.com it's under "Vesting Fund"
And on steemdb.io, it's listed under "total_vesting"
I would normally check steemdb.io first, but unfortunately, I noticed today that it seems to have stopped updating its main page on August 19, so that information is not current. Not sure if @steemcurator01 or @steemitblog are aware?
Thanks for this - will pass on to the relevant people.
Hello dear sir,
Many days I have not been able to get any support from you.Yet I am a regular steemian.I got up to 150 steem power from my tiny reward.Here is my power-up post link.
https://steemit.com/hive-129948/@sabbirrr/or-or-or-or-20-or-or
I want to add more power to the Steem platform.But I have not received any support from you for a long time.I will be able to get more power up with your support.Hope you check my posts.
Best regards @sabbirrr
Thank you @remlap for answer my question and sharing the complete information. Regarding the steemdb.io data, it has been answered by steemcurator01.
Why is steem power reduced?
The number of powered-up STEEM has been increasing since April, but the value of those tokens bounces around with the exchanges. For example, when I posted the $108 million post on May 14, STEEM was valued at $0.93. When I posted this one yesterday, STEEM was only valued at $0.62. If it had been priced at $0.93, instead, then the market value would have been $128 million.
Got it. thank you so much
Stubborn old steem. It is still doing a great job of hanging in there. Better times ahead, for sure.
Although the value has dropped a bit this week compared to last week, it seems normal. Maybe next week it could get even higher!
Thank you so much for this update.
Hopefully Steem total value powered up will hit $100 million very soon. Thanks for this analysis.
Investors of steemit is increasing and users are now aware about powering up. After changing the reward system of steemit, we directly get steem power in our wallet and it was a great decision to increase steem total powered up value. Thank you.
The investors who freeze their steem, have helped us to enjoy a profitable steem exchange rate, thanks to the steem investors..
Hello @remlaps-lite, as they say we all put a grain of sand and watch the panel grow and also increase our voting power, I bought steem, I performed power up, my goal is 500 and I will achieve it with my constant work
Comparing the exchange rate of steem to usd from May 2021 until the exchange rate correction is still happening. this affects the calculation of the total value of steem power. It is true that in terms of the exchange rate, total steem power has decreased, but the positive is that the amount of frozen steem (SP) continues to increase..
Thanks for sharing information..