Steemit vs Hive Price & Volume Comparison

in #volume2 months ago

image.png

Hi,

Here is the Weekly Analysis Report Regarding Steem Price and the Trading Volume in last week.

I don’t think to go into more detail. Since the Hive Platform is a split of Steemit and that platform is also going well, I thought it’s good to have a comparison between trading volumes in both Platforms also.

First, let’s Look into the Price variation of Steem & Hive Last week.

Steem Price Variation Within Last Week

DateOpenClose
6/22/2024$0.200N/A
6/21/2024$0.192$0.200
6/20/2024$0.190$0.192
6/19/2024$0.187$0.190
6/18/2024$0.197$0.187
6/17/2024$0.225$0.197
6/16/2024$0.225$0.225
6/15/2024$0.223$0.225

Hive Price Variation Within Last Week

DateOpenClose
6/22/2024$0.214N/A
6/21/2024$0.213$0.214
6/20/2024$0.210$0.213
6/19/2024$0.208$0.210
6/18/2024$0.221$0.208
6/17/2024$0.248$0.221
6/16/2024$0.256$0.248
6/15/2024$0.255$0.256

So, let’s see this data through a Graph. (For the graph, I will use the Open Prices of Both coins)

image.png

Now Let’s Move into the trading volumes of Each coin within the last week.

Steem Trading Volume Variation Within Last Week

DateTrading Volume
6/22/2024$4,594,233
6/21/2024$2,520,871
6/20/2024$1,029,425
6/19/2024$2,681,135
6/18/2024$6,138,158
6/17/2024$625,474
6/16/2024$512,614
6/15/2024$1,489,700

Hive Trading Volume Variation Within Last Week

DateVolume
6/22/2024$1,214,305
6/21/2024$1,038,529
6/20/2024$1,373,232
6/19/2024$3,255,777
6/18/2024$4,423,721
6/17/2024$1,219,691
6/16/2024$2,007,360
6/15/2024$1,641,957

Now for comparison, Let’s See these data from a chart.

image.png

Steem to Hive Ratio

The y-axis represents the ratio, which is the price of Steem divided by the price of Hive. A ratio of 1 mean that Steem and Hive have the same price.

This is Daily Steem To Hive Ration through out the Past week. And Steem Price has gradually increased over the past week.

image.png

DateSteemHiveSteem: Hive Ratio
6/22/2024$0.200$0.2140.936
6/21/2024$0.192$0.2130.900
6/20/2024$0.190$0.2100.903
6/19/2024$0.187$0.2080.898
6/18/2024$0.197$0.2210.895
6/17/2024$0.225$0.2480.907
6/16/2024$0.225$0.2560.878
6/15/2024$0.223$0.2550.875

Thank You.

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