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Steem Total Value Powered Up - $61 million - December 19, 2021

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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,

  • STEEM was again caught up in an overall market downturn. As a consequence, the modeled value for powered-up STEEM dropped by about 8% against the USD.
  • The modeled value for powered-up STEEM was basically flat (within 1%) against SBD and BTC.
  • The modeled value for powered-up STEEM gained by about 6% against TRX.
  • The modeled value for powered-up STEEM dropped slightly against ETH and LTC.
  • Looking ahead: According to steemdb.io, ~1,651,923 STEEM were powered down in the last week, and ~1,092,159 STEEM are pending powerdowns for this week, for a week over week power-down reduction of about 550k STEEM tokens, or 34%.

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

Total value locked in powered-up STEEM (USD): $61,074,983.97
STEEM market cap $168,706,512.07

Locked value in terms of other tokens:

tokenpricelocked_value equivalent
tron0.08765,878,537
steem-dollars5.4611,185,894
bitcoin46,679.001,308
ethereum3,912.7315,609
litecoin153.30398,401
steem0.43143,013,993

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. Frequent transitions between positive and negative began around October 11 and continued through this week.

image.png

VESTED STEEM

Continued flattening. This week's only new high was seen on December 13. The week ended basically flat, declining by 123k STEEM or about 0.09%.

image.png

Modeled value of powered-up STEEM in terms of USD

In terms of USD, the modeled value for powered-up STEEM is down by about $5 million or 7.8% this 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 43 million TRX tokens, or 6%.

image.png

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

Down by about 93k SBD, or just under 1% during the last week.

image.png

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

Still flat since early October. We have now seen 10 consecutive days above 36%; 85 consecutive days above 35%; 128 consecutive days above 34%; and 148 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)

BTC gained in strength against the modeled value for powered-up STEEM by about 13 BTC or less than 1% during the week.

image.png

Modeled value of powered-up STEEM in terms of Ethereum

ETH gained in relative strength by about 2 1/2% or 400 ETH.

image.png

Modeled value of powered-up STEEM in terms of litecoin

In terms of LTC, the modeled value of powered up STEEM fell by about 5%, or 20K LTC. After starting a multi-month uptrend in June, LTC recently has been settling in a range near the 400k - 500k band.

image.png

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