Every two weeks or so I like to compare the current power-up statistics and see how we stand.
Here they are:
24 July 2019
|STEEMPOWER||198,5 million (+0,3 million)|
|LIQUID STEEM||119,2 million (+2,9 million)|
|SBD||8,3 million (-0,6 million)|
Virtual Supply ≈ 351,502,332 STEEM
5 August 2019
|STEEMPOWER||198,8 million (+0,3 million)|
|LIQUID STEEM||121,3 million (+2,1 million)|
|SBD||7,9 million (-0,4 million)|
Virtual Supply ≈ 355,061,189 STEEM
This report is pretty similar to the one from 2 weeks ago.
A lot of extra liquid STEEM has been created through the conversion of SBD.
The only plus side I can see from all this is that it will end at some point.
At the current rate and STEEM price probably another 18-20 weeks of conversions to stop it or if we are lucky a significant increase in STEEM price will stop it instantly.
Two way to look at this.
I see it as an opportunity to add to what I have (because I use Steem every day and have done the research) but I also fully understand that some investors wouldn't want to touch it with a stick.
Especially when you see BTC tearing it up currently leaving all alts crying in its wake.
A positive point about this report. The amount of STEEM powered up is still going up even though Steemit Inc. is still powering down and some other big accounts too.
Other people are buying/stacking SP.
I am one of them.
I am part of witness @blockbrothers.
Please consider us for your witness vote if you think we deserve it here:
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