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Steem Total Value Powered Up - $87 million - November 7, 2021

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remlaps-lite
76
3 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,

  • In terms of USD, the modeled value of powered-up STEEM was slightly down this week, but remains in a multi-month uptrend.
  • TRX, SBD, BTC, LTC, and ETH all performed strongly this week, which led to a drop in the modeled value against each of those tokens.
  • The number of powered-up STEEM saw three new highs this week, most recently yesterday (November 6), and it gained about 74k STEEM during the week. However, it continued to exhibit the variability that began around October 11.

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

Total value locked in powered-up STEEM (USD): $87,501,652.28
STEEM market cap $239,615,063.97

Locked value in terms of other tokens:

tokenpricelocked_value equivalent
tron0.10836,423,922
steem-dollars7.5611,574,292
bitcoin62,985.001,389
ethereum4,615.1618,959
litecoin201.23434,834
steem0.61142,760,083

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. It's starting to look like some sort of change in behavior may have begun in early October and continued for the past month or so. Since the power-down window is four weeks, I'm curious to see what happens next week.

image.png

VESTED STEEM

Continued variability this week with three days bringing new highs.

image.png

Value of powered-up STEEM in terms of USD

Continuing a generalized uptrend that began in June, but down a touch since last week.

image.png

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

Staying in the lane between 800 million and 1 billion.

image.png

Value of powered-up STEEM in terms of Steem Dollars

The modeled value for powered-up STEEM in terms of SBD fell by about 450,000, or 3.7%, but it appears to still be in a multi-month uptrend.

image.png

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

Up a touch, but basically unchanged since last week (and the two weeks before). 11 consecutive days above 36%; 43 consecutive days above 35%; 86 consecutive days above 34%; and 106 straight days above 1/3. Possibly seeing some leveling off during the last month. Will it hold above 36%? Will we go above 37% again?

image.png

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

In terms of BTC, the modeled value for powered up STEEM fell by about 47 BTC, or 3%.

image.png

Value of powered-up STEEM in terms of ethereum

With ETH sitting near all time highs, the modeled value for powered-up STEEM in terms of ETH was down by about 1,700 or 8% from week to week.

image.png

Value of powered-up STEEM in terms of litecoin

A generalized up trend appears to be in place from June until now, but this week the modeled value of powered-up STEEM fell by 22k LTC, or about 5%, since last week.

image.png

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