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Steem Total Value Powered Up - $60 million - January 16, 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,

  • With an increase of about 700k STEEM, the number of powered up STEEM increased on six out of seven days and reached new highs on four of them.
  • In terms of USD, the modeled value of powered up STEEM increased by about $3 1/2 million, or 6%.
  • In terms of other comparison tokens, the modeled value of powered up STEEM gained against all except for LTC.
  • The number of STEEM powered down declined from 719K last week to 642k this week. Next week sees approximately 722k in pending power downs.
  • At 36.48%, as a percentage of market cap, the portion of STEEM powered up is basically unchanged from last week.

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

Total value locked in powered-up STEEM (USD): $60,109,885.03
STEEM market cap $165,111,139.94

Locked value in terms of other tokens:

tokenpricelocked_value equivalent
tron0.07864,305,937
steem-dollars4.9912,046,069
bitcoin43,009.001,397
ethereum3,343.2117,979
litecoin146.52410,250
steem0.42144,123,175

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 for two consecutive weeks, 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 four new highs and six daily increases. Also, the graph has clearly reestablished an upward slope during the last two weeks.

image.png

Modeled value of powered-up STEEM in terms of USD

In terms of USD, we saw an approximate 6% increase from week to week.

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 16 1/2 million TRX tokens, or ~2% and held steady above the 800 million TRX line for the 16th consecutive day.

image.png

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

Up by about 1/2 million SBD or just under 4 1/2% during the last week.

image.png

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

Up - just a touch - again this week, hanging around in the mid 36% range. We have now seen 16 consecutive days above 36%; 113 consecutive days above 35%; 156 consecutive days above 34%; and 176 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)

Up by about 55 BTC, or 4%, during the week.

image.png

Modeled value of powered-up STEEM in terms of Ethereum

Up by 152 ETH, or less than 1%, 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 21K LTC or 5% since last week. Still hanging out near 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 642k powered down last week and 722k pending, we expect an overall increase in powerdowns by 12 1/2% or less in the coming week.

image.png

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