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Steem Total Value Powered Up - $86 million - September 19, 2021

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remlaps-lite
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3 years agoSteemit4 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, our streak of consecutive new highs for powered-up STEEM continued, and we're now at 14 days in a row with new highs. Compared to other cryptocurrencies that I am including, powered-up STEEM dropped in value by about 7% against BTC and gained about 4% in value against TRC. Everything else was basically flat. The modeled value for Powered-up STEEM also lost about 4% against the USD.

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

Total value locked in powered-up STEEM (USD): $86,063,900.35
STEEM market cap $243,266,245.30

Locked value in terms of other tokens:

tokenpricelocked_value equivalent
tron0.11817,872,452
steem-dollars7.7411,119,366
bitcoin47,474.001,812
ethereum3,344.6525,731
litecoin175.36490,784
steem0.62138,050,127

And here are the charts, based on data collected daily since April 10.

VESTED STEEM

14 consecutive days of new highs with a gain of about 400,000 since last week

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Value of powered-up STEEM in terms of USD

Down by about $3 million in the last week, but still in an uptrend from lows in mid/late June.

image.png

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

Up by about 4%, flirting with the bottom end of the 800 million to 1 billion range that has been common since April, when data collection started.

image.png

Value of powered-up STEEM in terms of Steem Dollars

Basically flat, down by about 90,000 since last week, but also in an uptrend as compared to lows in June.

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

September 13 (Monday) saw a new high at 36.33%. 8 consecutive days above 35%, 37 consecutive days above 34%, and 57 straight days above 1/3. Will we sneak back above 36% again? Will we see 37%?

image.png

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

Compared to the modeled value of powered-up STEEM, BTC gained by about 7% this week. However, powered-up STEEM is still in a multi-month uptrend as compared to BTC.

image.png

Value of powered-up STEEM in terms of ethereum

Not much action to speak of. Ethereum gained a bit of strength.

image.png

Value of powered-up STEEM in terms of litecoin

Not much action here, either. Flat against LTC.

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