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Steem Total Value Powered Up - $66 million - December 12, 2021

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remlaps-lite
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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,

  • The number of tokens continued to fluctuate between positive and negative daily changes. It was basically flat during the week, with a nominal decline of about 138k STEEM, 1/10 of 1%.
  • The percentage of market cap dropped below 36% this week for the first time in our daily downloads since October. It quickly bounced back above 36% after just 2 days' downloads.
  • Results against comparison tokens were mixed. The modeled value for powered up STEEM rose against SBD, but fell against other comparison tokens.

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

Total value locked in powered-up STEEM (USD): $66,311,871.21
STEEM market cap $183,029,304.21

Locked value in terms of other tokens:

tokenpricelocked_value equivalent
tron0.09721,895,438
steem-dollars5.8511,335,362
bitcoin50,220.001,320
ethereum4,148.7315,983
litecoin160.44413,312
steem0.46143,118,632

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. After seeing two new highs last week, no new highs were seen this week. Over the course of the week, the number of powered-up STEEM dropped by about 138k, or 0.1%.

image.png

Value of powered-up STEEM in terms of USD

Down by just under a million dollars, or about 1 1/2% during the week. Still in a multi-month uptrend that began in June.

image.png

Value of powered-up STEEM in terms of Tron (TRX)

Tron gained in strength by about 10%, or 76 million TRX against the modeled value for powered-up STEEM over the course of the week.

image.png

Value of powered-up STEEM in terms of Steem Dollars

Up by 138k SBD, or about 1 1/4% during the last week.

image.png

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

Still flat since early October. After dipping below 36% for a couple of days, we've now seen 3 consecutive days above 36%; 78 consecutive days above 35%; 121 consecutive days above 34%; and 141 straight days above 1/3. Will it hold above 36%? Will we go above 37% again?

image.png

Value of powered-up STEEM in terms of bitcoin (BTC)

BTC gained in strength against the modeled value for powered-up STEEM by about 33 BTC or 3 1/4% during the week.

image.png

Value of powered-up STEEM in terms of Ethereum

ETH gained in relative strength by less than 1%, or about 273 eTH.

image.png

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 22KLTC. After starting a multimonth uptrend in June, LTC recently has been settling in a range around the 400k - 500k band.

image.png

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