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Steem Total Value Powered Up - $88 million - October 31, 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,

  • The modeled value of Powered-Up Steem gained in strength against all comparison tokens this week.
  • In the actual number of powered-up Steem, several new highs were reached this week, but there has not been a consistent streak. Some days have seen gains, others have seen decreases.

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

Total value locked in powered-up STEEM (USD): $87,896,854.08
STEEM market cap $242,106,830.95

Locked value in terms of other tokens:

tokenpricelocked_value equivalent
tron0.10873,266,113
steem-dollars7.3212,007,766
bitcoin60,606.001,450
ethereum4,230.3020,777
litecoin190.88460,482
steem0.62142,685,760

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.

image.png

VESTED STEEM

Four new highs this week and an overall gain of about 100,000 STEEEM.

image.png

Value of powered-up STEEM in terms of USD

Continuing a generalized uptrend after mid-June, the modeled value of powered-up STEEEM is up by about $7 million from last week's download until today's.

image.png

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

Up by about 60 million in the last week. Squarely back in the 800 million to 1 billion range.

image.png

Value of powered-up STEEM in terms of Steem Dollars

The modeled value of powered-up STEEEM gained a cool million against SBDs this week. This continues a multi-month uptrend. Today's value was over 12 million, a threshold which has only been seen on October 6, and before that back in May.

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 week before). 4 consecutive days above 36%; 36 consecutive days above 35%; 79 consecutive days above 34%; and 99 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)

This week saw an increase of about 100 BTC.

image.png

Value of powered-up STEEM in terms of ethereum

Up by about 600 ETH this week. This is noteworthy because ETH hit a new all-time high a day or two ago.

image.png

Value of powered-up STEEM in terms of litecoin

The modeled value of powered-up STEEM gained by about 36,000 against LTC this week. In recent months, it has settled into a range between 400,000 and 500,000.

image.png

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