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Steem Total Value Powered Up - $57 million - January 9, 2022

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remlaps-lite
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2 years agoSteemit6 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,

  • This week, the number of powered up Steem increased every day except for today, and we saw three new highs (based on numbers after April 10, 2021).
  • The completed and pending powerdowns appear to be trending downwards for the 3rd consecutive week.
  • Yet another bloodbath in the crypto markets wiped away 13% of the locked value in terms of USD.
  • During the week, the modeled value for powered-up STEEM was up in terms of ETH and TRX, and down in terms of all other comparison tokens.

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

Total value locked in powered-up STEEM (USD): $56,868,299.19
STEEM market cap $155,875,124.02

Locked value in terms of other tokens:

tokenpricelocked_value equivalent
tron0.07846,758,475
steem-dollars4.9411,511,801
bitcoin42,647.001,333
ethereum3,209.7517,717
litecoin132.47429,291
steem0.40143,445,983

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. With six out of seven daily increases, the frequent transitions between positive and negative that began around October 11 may be showing signs of slowing(?).

image.png

VESTED STEEM

This week we saw our first new highs since early December, with three consecutive days seeing highs on Thursday, Friday, and Saturday. We also saw the first streak of six consecutive daily increases (Monday through Saturday) since early October.

image.png

Modeled value of powered-up STEEM in terms of USD

After a painful week for the entire cryptocurrency space, this metric is down by $8.5 million, or 13%.

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 203K TRX tokens, or 0.02% and stayed slightly above the 800 million TRX line.

image.png

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

Down by about 76k SBD or 2/3% during the last week.

image.png

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

Up - just a touch - this week, hanging around in the low/mid 36% range. We have now seen 9 consecutive days above 36%; 106 consecutive days above 35%; 149 consecutive days above 34%; and 169 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)

Down by about 50 BTC, or 3 1/2%, during the week.

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Modeled value of powered-up STEEM in terms of Ethereum

Up by 600 ETH or 3 1/2% in the last week.

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Modeled value of powered-up STEEM in terms of Litecoin

In terms of LTC, the modeled value of powered up STEEM is down by about 1,545 LTC or 0.36% since last week. Still hanging around the 400k - 500k band.

image.png

Daily Powerdown Activity

Finally, here is graph with data from steemdb.io to show daily completed and pending powerdown activity. Overall, with about 719k powered down last week and 623k pending, we expect an overall reduction in powerdowns by 13% or more in the coming week. This week sees the addition of the linear trend line and 28 day moving average for completed powerdowns.

image.png

Notes
  • Reference prices for STEEM and other tokens are downloaded from coingecko.com
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