Steem Total Value Powered Up - $40 million - November 6, 2022
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 |
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- Week over week, the number of powered up STEEM increased by about 656KSP, or 0.4%.
- Over the course of the week, we saw seven daily increases and seven new highs in the number of staked STEEM. The current streak of consecutive new highs stands at nine.
- The modeled value gained ground against USD, BTC, ETH, and TRX. It lost ground against SBD and LTC. Changes ranged from -18% against LTC to +3% against USD.
- In terms of all comparison values except for TRX and USD, the modeled value remains above its January 1 baseline.
- In terms of all comparison tokens except TRX and USD, the modeled value is above its long term average. For ETH, it is just barely so.
- This week (Sunday through Saturday) saw a total of 314K STEEM powered down, which is a decline of about 2% as compared to last week's 320K STEEM.
Here are the numbers as-of a few minutes ago |
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Total value locked in powered-up STEEM (USD): $39,791,649.92
STEEM market cap $94,691,495.18
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2022 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.06 | 624,104,424 | 809,173,538 | 77.13% |
| steem-dollars | $2.50 | 15,916,659 | 11,284,131 | 141.05% |
| bitcoin | $21,201.00 | 1,876 | 1,300 | 144.35% |
| ethereum | $1,607.26 | 24,757 | 16,501 | 150.04% |
| litecoin | $69.83 | 569,836 | 411,561 | 138.46% |
| steem | $0.24 | 165,971,428 | 142,930,214 | 116.12% |
| USD | $1.00 | 39,791,650 | 61,837,042 | 64.35% |
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Daily Changes
Here is a chart of daily changes in powered-up STEEM from April 11, 2021 to present. The graph also includes a linear trend line and a 28 day moving average.
Here are some descriptive statistics, for numbers geeks.
VESTED STEEM
Today's observed value was 165,969,467, which is up by ~656K, or 2/5% from last week's observed value. The graph retains a slight upslope.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly increase of about $1.2 million or roughly 3 1/10%. The value is still below the long-term mean, and holds above its July low near $34 million. It also remains above the low of ~27 million from June 22, 2021.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM gained ground by about 14 million tokens against TRX or 2 1/4%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Down by about 700K SBDs or about 4%
Modeled value of powered-up STEEM as a percentage of Steem's market cap
After today's observed value of 42.02%, the graph continues to show a slight upslope. We also saw a new high of 42.03% on November 3 (Thursday). We have now seen 4 consecutive days above 42%; 49 consecutive days above 41%; 216 consecutive days above 39%; 280 consecutive days above 37%; 407 consecutive days above 35%; and 470 straight days above 1/3. Will it hold above 42%?
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Up by about 4 BTC, or 1/5% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM gained ground by about 387 ETH, or a little over 1 1/2%.
Modeled value of powered-up STEEM in terms of LTC
After an explosive week for LTC, powered-up STEEM lost ground by about 127K LTC, or about 18%.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 314K in completed powerdowns last week and 390K pending (both measured from Sunday through Saturday), we can expect powerdowns to increase next week by about 27% or less.
The horizontal lines are the average values for completed (blue) and pending (cyan) powerdowns, and the yellow line is a 28 day moving average of completed powerdowns. "Pending" numbers now come from the Steemit API, not from steemdb.io.
Here are some descriptive statistics for the numbers geeks
| And with a total of 1,458 pending power downs (up from 1,399 last week), here are the times, dates, and amounts of the top-10 |
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1 2022-11-13T16:02:27 - 105,922,485 MVESTS, 59,090 STEEM
2 2022-11-10T08:53:30 - 80,687,536 MVESTS, 45,012 STEEM
3 2022-11-11T18:51:39 - 28,335,737 MVESTS, 15,807 STEEM
4 2022-11-08T23:25:06 - 27,810,689 MVESTS, 15,514 STEEM
5 2022-11-11T11:11:21 - 21,324,320 MVESTS, 11,896 STEEM
6 2022-11-08T16:51:09 - 17,952,918 MVESTS, 10,015 STEEM
7 2022-11-10T15:33:24 - 17,950,100 MVESTS, 10,014 STEEM
8 2022-11-11T18:51:09 - 17,522,253 MVESTS, 9,775 STEEM
9 2022-11-11T11:10:57 - 16,897,684 MVESTS, 9,427 STEEM
10 2022-11-13T02:16:30 - 16,159,125 MVESTS, 9,015 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $34 million - July 3, 2022
- Steem Total Value Powered Up - $37 million - July 10, 2022
- Steem Total Value Powered Up - $36 million - July 17, 2022
- Steem Total Value Powered Up - $38 million - July 24, 2022
- Steem Total Value Powered Up - $41 million - July 31, 2022
- Steem Total Value Powered Up - $41 million - August 7, 2022
- Steem Total Value Powered Up - $43 million - August 14, 2022
- Steem Total Value Powered Up - $38 million - August 21, 2022
- Steem Total Value Powered Up - $36 million - August 28, 2022
- Steem Total Value Powered Up - $37 million - September 11, 2022
- Steem Total Value Powered Up - $36 million - September 18, 2022
- Steem Total Value Powered Up - $36 million - September 25, 2022
- Steem Total Value Powered Up - $35 million - October 2, 2022
- Steem Total Value Powered Up - $38 million - October 9, 2022
- Steem Total Value Powered Up - $37 million - October 16, 2022
- Steem Total Value Powered Up - $37 million - October 23, 2022
- Steem Total Value Powered Up - $39 million - October 30, 2022
- Steem Total Value Powered Up - $40 million - November 6, 2022
For links from 2021 and the first half of 2022, see these posts:
- Steem Total Value Powered Up - $67 million - January 2,
20212022 - Steem Total Value Powered Up - $36 million - June 26, 2022
- Steem Total Value Powered Up - $36 million - June 26, 2022
Pixabay license, source
Reminder
Visit the /promoted page and #burnsteem25 to support the inflation-fighters who are helping to enable decentralized regulation of Steem token supply growth.
To increase the power of the voice is significant for the platform, the higher the power of the voice, the stronger the member of the system. This needs to be communicated to every member of the community.
This week, steem behaves fairly evenly in relation to the price of bitcoin. to be honest, I'm waiting for a pump in the next couple of days.
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Incentive is a must for steem power. Those who make steem power can be given a symbolic amount of interest per month. It's a good idea to give trx to sp winners. Steem stakers may also receive some trx or tron foundation-owned token
The blockchain already pays interest to people who have powered up.
Many of us perform POWER UP, in some way we contribute to the panel and of course for ourselves.
I wish you a great start of the week
It is november and crypto market is still gradually decreasing. I think there is a big chance to decrease the price of crypo more this time in cupcoming days. It is high time coming to invest here.