Steem Total Value Powered Up - $57 million - January 9, 2022

in #steem • 3 years ago (edited)

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,

  • This week, the number of powered up Steem increased every day except for today, and we saw three new highs (based on numbers after April 10, 2021).
  • The completed and pending powerdowns appear to be trending downwards for the 3rd consecutive week.
  • Yet another bloodbath in the crypto markets wiped away 13% of the locked value in terms of USD.
  • During the week, the modeled value for powered-up STEEM was up in terms of ETH and TRX, and down in terms of all other comparison tokens.

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

Total value locked in powered-up STEEM (USD): $56,868,299.19
STEEM market cap $155,875,124.02

Locked value in terms of other tokens:

tokenpricelocked_value equivalent
tron0.07846,758,475
steem-dollars4.9411,511,801
bitcoin42,647.001,333
ethereum3,209.7517,717
litecoin132.47429,291
steem0.40143,445,983

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. With six out of seven daily increases, the frequent transitions between positive and negative that began around October 11 may be showing signs of slowing(?).

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VESTED STEEM

This week we saw our first new highs since early December, with three consecutive days seeing highs on Thursday, Friday, and Saturday. We also saw the first streak of six consecutive daily increases (Monday through Saturday) since early October.

image.png

Modeled value of powered-up STEEM in terms of USD

After a painful week for the entire cryptocurrency space, this metric is down by $8.5 million, or 13%.

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Modeled value of powered-up STEEM in terms of Tron (TRX)

This week, the modeled value for powered-up STEEM gained in strength against TRX by about 203K TRX tokens, or 0.02% and stayed slightly above the 800 million TRX line.

image.png

Modeled value of powered-up STEEM in terms of Steem Dollars

Down by about 76k SBD or 2/3% during the last week.

image.png

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

Up - just a touch - this week, hanging around in the low/mid 36% range. We have now seen 9 consecutive days above 36%; 106 consecutive days above 35%; 149 consecutive days above 34%; and 169 straight days above 1/3. Will it hold above 36%? Will we go above 37% again?

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Modeled value of powered-up STEEM in terms of bitcoin (BTC)

Down by about 50 BTC, or 3 1/2%, during the week.

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Modeled value of powered-up STEEM in terms of Ethereum

Up by 600 ETH or 3 1/2% in the last week.

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Modeled value of powered-up STEEM in terms of Litecoin

In terms of LTC, the modeled value of powered up STEEM is down by about 1,545 LTC or 0.36% since last week. Still hanging around the 400k - 500k band.

image.png

Daily Powerdown Activity

Finally, here is graph with data from steemdb.io to show daily completed and pending powerdown activity. Overall, with about 719k powered down last week and 623k pending, we expect an overall reduction in powerdowns by 13% or more in the coming week. This week sees the addition of the linear trend line and 28 day moving average for completed powerdowns.

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Notes
  • Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
#metrics #tvpu #steemexclusive #penny4thoughts
3 years ago in #steem by
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    • [-]
     3 years ago 

    Even though the value of Steem power-ups this week ($57 million) was corrected compared to last week's value of Steem power-ups ($67 million), I don't think it's something to worry about, even earlier this week the exchange rate of steem actually rose above 27%. Steem Exchange Rate is still stable between $0.45 - $0.65. This shows Steem is a profitable investment. I love to staked steem more to investasi.

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    [-]
     3 years ago 

    The price of the steem has allowed me to increase my wallet by doing POWER UP, I see many people doing the same, however the people who manage this panel should carry out other types of activities, not only stay in the POWER UP, the day will come when people don't do it so consistently, it's my opinion

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    [-]
     3 years ago 

    I have started to think that the low amount of liquidity that enters steemit is due to the huge fall and fud that there is constantly in the market there are many people who are skeptical when investing their money in steem.

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    [-]
     3 years ago 

    While cryptocurrency is fighting to hold its value, steem is enough stable in this situation. Anyway, I see you dear @remlaps-lite, you are sharing this information about steem and steemit for a long time. From where you gain this information? Are you a core team member of steemit??? Sorry for this question if it is illegal interference.

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    [-]
     3 years ago 

    Hi, no I'm not a member of the steemit team, just a blockchain hobbyist. I have a shell script that makes the calculations based on price numbers from coingecko.com, and blockchain data from the steemit API, using this command, in linux:

    curl -s --data '{"jsonrpc":"2.0", "method":"condenser_api.get_dynamic_global_properties", "params":[], "id":1}' https://api.steemit.com
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      [-]
       3 years ago 

      Not. That's not significant, if last week it went up a few and this week it fell just a few. what to worry about, this is an opportunity for investors to buy as much STEEM as possible, but unfortunately, I don't have balance at the moment to buy STEEM, if I have a lot of money, I will make sure to buy as much STEEM as possible and later I will enjoy the results. certainly.

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      [-]
       3 years ago 

      Bitcoin has dumped almost 20% in recent days, but if you focus on steemit, it holds it price to a noticeable mark. Even there is a pump in steem price yesterday. That proves how much steem coin is good rather than any other. Holding almost $57 million staked value in this dumped market of crypto is proving steem capability. Love to stay with steem.

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      [-]
       3 years ago 

      New year bring new hopes. I believe in that. Hope 2022 will be the best year for steemit. And special thanks to mr. @remlaps-lite for your beautiful job here.

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      [-]
       3 years ago 

      Important information, allows us to be aware of the value of Steem. Greetings.

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      [-]
       3 years ago 

      Start of this year was really very bad for crypto market. But I think we are going to see some new highest price record in this year. Waiting for a big pump in near future. Thanks for this deep analysis.

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      [-]
       3 years ago 

      Personally, I consider that the drop in the value of BTC has to do with this drop in power up. According to some, a cryptographic winter is approaching, we must be very attentive to what affects this winter both directly and indirectly.