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Steem Total Value Powered Up - $46 million - February 20, 2022

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remlaps-lite
76
2 years agoSteemit5 min read

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,

  • With new highs on 5 days and daily increases on 6 days, the powered-up STEEM stands at about 147 3/4 million.
  • As a percentage of market cap, today's download matched the highest observed percentage, 37 1/2%.
  • The modeled value for powered-up STEEM was down this week against USD, SBD, ETH, and TRX.
  • The modeled value for powered-up STEEM gained strength against BTC and LTC this week.
  • The total number of STEEM powered-down declined from 630K last week to 540K this week.

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

Total value locked in powered-up STEEM (USD): $45,615,518.34
STEEM market cap $121,888,952.50

Locked value in terms of other tokens:

tokenpricelocked value equivalentJan 1, 2022pct of Jan 1 baseline
tron$0.06732,708,788809,173,53890.55%
steem-dollars$4.3210,559,14711,284,13193.58%
bitcoin$38,411.001,1871,30091.35%
ethereum$2,622.6917,39216,501105.40%
litecoin$110.68412,138411,561100.14%
steem$0.31147,795,704142,930,214103.40%
USD$1.0045,615,51861,837,04273.77%

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

Here are some descriptive statistics, for numbers geeks.
image.png

VESTED STEEM

This week saw six out of seven daily increases and also new highs on five of those days. This is the seventh consecutive week with a clear upward slope.

image.png

Modeled value of powered-up STEEM in terms of USD

In terms of USD, we saw a weekly decrease of approximately $4 million, or 8%. The value remains above its summertime and more recent lows.

image.png

Modeled value of powered-up STEEM in terms of Tron (TRX)

Tron gained strength against powered-up STEEM by 39 million tokens, or about 5%. The total continues to linger just below the 800 million line.

image.png

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

Down by about 400k SBDs, or 4% this week.

image.png

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

Up slightly again this week and holding steady above the 37% line. We have now seen 21 consecutive days above 37%, 51 consecutive days above 36%; 148 consecutive days above 35%; 191 consecutive days above 34%; and 211 straight days above 1/3. Also, the graph has started to reestablish an upward-seeming slope in recent weeks. Today's download matched the previous high at 37.5%. Will it hold above 37%? Will it reach new highs or even go above 38%?

image.png

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

Up by about 8 BTC, or just under 1%, during the week.

image.png

Modeled value of powered-up STEEM in terms of Ethereum

Down by about 200 ETH, or 1%, in the last week.

image.png

Modeled value of powered-up STEEM in terms of Litecoin

Powered-up STEEM gained strength by about 15K LTC, or 4%. Still hanging around the 400k - 500k band.

image.png

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. Overall, with about 540k powered down last week and 505k pending, we can expect an overall decrease in powerdowns by about 6% or more in the coming week.

image.png

The horizontal lines are the average values for completed (blue) and pending (cyan) powerdowns, and the yellow line is a 28 day moving average of completed powerdowns.

Here are some descriptive statistics for the numbers geeks:

image.png

Notes
  • Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
For 2021 links, see this post:
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