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Steem Total Value Powered Up - $66 million - December 5, 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,

  • For the number of powered up STEEM tokens, after 24 days without a new high, new highs were observed yesterday and today. The week ended with a gain of about 300k tokens.
  • There was a bloodbath throughout cryptocurrency markets this week, especially on Friday night (US/Eastern).
  • Last week, the modeled value for powered-up STEEM was up against all comparison tokens. This week, it fell against all comparison tokens.
  • Value changes ranged from down 20% for LTC to down 36% for ETH.
  • In terms of USD, the modeled value of powered-up STEEM fell by about $33k, or 33%.

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

Total value locked in powered-up STEEM (USD): $66,084,612.73
STEEM market cap $182,501,151.04

Locked value in terms of other tokens:

tokenpricelocked_value equivalent
tron0.08785,067,331
steem-dollars6.0110,995,775
bitcoin49,329.001,339
ethereum4,161.0115,881
litecoin155.37425,337
steem0.46143,254,860

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 24 days without seeing a new high, new highs were observed yesterday (Dec 4) and today (Dec 5).

image.png

Value of powered-up STEEM in terms of USD

Down by $33k or 33% since last week, but apparently still in an uptrend that began in mid-June.

image.png

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

Down by 29%, or 320 million TRX in the last week, and it dipped below the 800 million boundary line that we've been watching all fall.

image.png

Value of powered-up STEEM in terms of Steem Dollars

Down by 312 SBD or 22% since last week, but still in a longer term uptrend that began in mid-June..

image.png

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

Still flat since early October. 39 consecutive days above 36%; 71 consecutive days above 35%; 114 consecutive days above 34%; and 134 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)

Down by 500 BTC, or roughly 29% in the last week.

image.png

Value of powered-up STEEM in terms of Ethereum

Down by 9K ETH, or 36% in the past week.

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 20%, or 110 LTC However, it is still in a multimonth uptrend that began in mid-June.

image.png

Notes
  • Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
Update: Sorry for posting in the steemlinks community. This should have been a blog post.
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