Steem Total Value Powered Up - $67 million - January 2, 2022

in #steem2 years ago (edited)

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,

  • According to steemdb.io, weekly powerdowns dropped from 1.5 million STEEM last week to 1.3 million this week. The site currently shows about 600k STEEM pending powerdowns for next week, which is down from 900k last week.
  • Number of STEEM and value in terms of USD were basically unchanged this week.
  • The modeled value of powered-up STEEM gained in value against all comparison tokens this week. The increase ranged from 4% for SBD to 8% for ETH.


Here are the numbers as-of a few minutes ago:-

Total value locked in powered-up STEEM (USD): $66,754,771.92
STEEM market cap $184,325,648.32

Locked value in terms of other tokens:

tokenpricelocked_value equivalent
tron0.08858,913,689
steem-dollars5.6211,878,073
bitcoin47,268.001,412
ethereum3,828.8017,434
litecoin151.18441,558
steem0.47142,664,923

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.

image.png

VESTED STEEM

Continued flattening. No new highs this week, with a tiny overall gain of 100,000 STEEM, or about 0.1%.

image.png

Modeled value of powered-up STEEM in terms of USD

In terms of USD, the modeled value for powered-up STEEM ended the week where it began.

image.png

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 47 million TRX tokens, or 6% and held on above the 800 million TRX line.

image.png

Modeled value of powered-up STEEM in terms of Steem Dollars

Up by about 350k SBD, or just under 4% during the last week.

image.png

Modeled value of powered-up STEEM as a percentage of Steem's market cap

Still flat since early October. The value dipped below 36% for a couple days. We have now seen 2 consecutive days above 36%; 99 consecutive days above 35%; 142 consecutive days above 34%; and 162 straight days above 1/3. Will it hold above 36%? Will we go above 37% again?

image.png

Modeled value of powered-up STEEM in terms of bitcoin (BTC)

BTC lost ground against the modeled value for powered-up STEEM by about 93 BTC, or 7.65%, during the week.

image.png

Modeled value of powered-up STEEM in terms of Ethereum

Up by 729 ETH or almost 8% in the last week.

image.png

Modeled value of powered-up STEEM in terms of litecoin

In terms of LTC, the modeled value of powered up STEEM gained by about 4% or 22K LTC. Still hanging around near the 400k - 500k band.

image.png

Daily Powerdown Activity

Finally, here is a new graph with data from steemdb.io to show daily completed and pending powerdown activity. The only way to make a balanced comparison with the numbers from SteemDB is to exclude the current day. If we compare Monday through Saturday completed powerdowns against pending powerdowns for this Monday through Saturday, we see about a 30% reduction.

image.png

Notes
  • Reference prices for STEEM and other tokens are downloaded from coingecko.com
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After spending many weeks above 80 million dollars, steemit has 5 consecutive weeks around 61 to 67 million in powered up, and better seasons to come.

What if I was surprised these days was when I saw the price of HIVE was at $ 2.25 although today it is lower at $ 1.65 as users are trusting HIVE more than STEEM. 🙄

The month of December was definitely not a good month for cryptocurrencies, but if for people like me who take advantage of prices, steem and its low price allowed me to make some purchases and POWER UP, I hope that this year the price will increase, I think there is what to expect, this market is highly manipulated, I am a HOLDER, I do not feel panic when I see the prices, I do the opposite, I buy.
I wish you a happy year

It has increased a little than previous week. Power down is the main obstacle to increase the value of steem. Hopefully value of steem is going to increase in this month. Thank you.

Many investors will get a great profit who invested in Steem recently. Investing on steem is better than any other crypto because it give us an extra opportunity of steem power.
Thanks for this deep analysis.

According to the current data, the power cut is usually made by small investors.

There is a mismatch between the Korean community and the Steemit team. They need to work in a coordinated way.

This is the best increase since the beginning of December, I hope we go towards 80M and start to pick up steam again.

This post has been featured in the latest edition of Steem News...

It is veryy good to see that unstaking ration is decreasing. That means poeple are now more interested to stay with steemit and steem and stake more steem here on this platform. It will help us and this platform to a great extent.

We start the year with some stability, I hope that crypto winter does not come. Thanks for sharing.

Gracias amigo por mantenernos informados sobre las variaciones en el precio de estas criptomonedas, creo firmemente que steem dara un salto milagroso 😁

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