Steem Total Value Powered Up - $83 million - October 24, 2021

in #steem11 months ago

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,

  • Approval of several Bitcoin-related ETFs led to market strength for Bitcoin, Ethereum, and Litecoin.
  • The total number of powered-up STEEM was below recent highs for most of the week, but today it climbed back to a new high since I started daily downloads on April 10.
  • The value of Powered-up STEEM as a percentage of market capitalization displayed volatility, dropping below 36% before rising above 37% for the first time since I started tracking this on May 14, then settling back in the 36-37% range again for the last couple days.


Here are the numbers as-of a few minutes ago:
Total value locked in powered-up STEEM (USD): $83,415,142.55
STEEM market cap $222,411,277.55

Locked value in terms of other tokens:

tokenpricelocked_value equivalent
tron0.10842,560,176
steem-dollars7.4911,136,868
bitcoin61,061.001,366
ethereum4,079.4720,447
litecoin189.28440,697
steem0.59142,584,138

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.

image.png

VESTED STEEM

With today's new high, this is up by about 600,000 since last week.

image.png

Value of powered-up STEEM in terms of USD

Down by about $350,000 from last week at the time of today's download.

image.png

Value of powered-up STEEM in terms of tron (TRX)

Up by 12 million from last week, floating around the 800 million line all week long.

image.png

Value of powered-up STEEM in terms of Steem Dollars

Down by half a million, not quite 5%, since last week.

image.png

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

Up a touch, but basically unchanged since last week. 5 consecutive days above 36%; 29 consecutive days above 35%; 72 consecutive days above 34%; and 92 straight days above 1/3. Will it hold above 36%? Will we go above 37% again?

image.png

Value of powered-up STEEM in terms of bitcoin (BTC)

Bitcoin gained strength rapidly early in the week, but the Powered-up STEEM pool clawed it back later in the weeek, ending the week basically unchanged.

image.png

Value of powered-up STEEM in terms of ethereum

Down by 1,200, or roughly 5 1/2% as compared to last week.

image.png

Value of powered-up STEEM in terms of litecoin

Down by about 3% or 12,000 from last week.

image.png

Notes
  • Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
Sort:  

I have included this post in the 15th issue of Steem News Magazine For Steemit Platform | October 25, 2021.

Over the past three weeks it seems that the exchange rate of steem to usd has been stable, between $0.52 - $0.63. I think this shows the durability of steem is getting stronger. Thank you for always updating this important information.

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

We hope it will go up in the next few months.

There have been no variations in volume this week compared to the other.

Screenshot_35.png

In recent weeks it has remained stable, the important thing is that it does not go down. Thanks for showing us graphically.

Ho osservato come oscilla il prezzo dello steem e degli SBD, al mattino ho venduto i miei SBD, ho fatto l'ordine a un prezzo, ho passato un secondo ad osservare il prezzo ed era già cambiato, un secondo, incredibile, Ho dovuto cambiare l'ordine, non è stato riempito, meglio scherzarci sopra, perché le monete sono troppo volatili

During these 2 weeks the steem exchange rate was stable, there was no significant exchange rate strengthening. Looks like we all have to strengthen promo-steem on various social media, in order to attract new investors.

But I'm always optimistic, steem is a profitable investment choice

This is really great that Vested Steem is increasing every week. It will help to develop this Steemit platform very much. You really have explained everything perfectly. Thank you so much for this details analysis.

The Steem price used to follow the price of BTC but this time BTC price is increasing but there is no change in Steem. Price of Steem is very important to increase the Steem Total Value Powered Up . I hope both of Total Value Powered Up and price of Steem will increase very soon. Thank you.

Screenshot_20211025-153318.png

Why does the value of steem power against the US Dollar in these 2 weeks remain the same? What happened?
Regards
@steemit-students

I saw your previous post. This is also informative for crypto. Today, the price oftrx and sbd is decreased a little....

Coin Marketplace

STEEM 0.22
TRX 0.06
JST 0.026
BTC 19978.21
ETH 1355.98
USDT 1.00
SBD 2.46