Steem Total Value Powered Up - $60 million - January 16, 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,
- With an increase of about 700k STEEM, the number of powered up STEEM increased on six out of seven days and reached new highs on four of them.
- In terms of USD, the modeled value of powered up STEEM increased by about $3 1/2 million, or 6%.
- In terms of other comparison tokens, the modeled value of powered up STEEM gained against all except for LTC.
- The number of STEEM powered down declined from 719K last week to 642k this week. Next week sees approximately 722k in pending power downs.
- At 36.48%, as a percentage of market cap, the portion of STEEM powered up is basically unchanged from last week.
Here are the numbers as-of a few minutes ago:-
Total value locked in powered-up STEEM (USD): $60,109,885.03
STEEM market cap $165,111,139.94
Locked value in terms of other tokens:
| token | price | locked_value equivalent |
|---|---|---|
| tron | 0.07 | 864,305,937 |
| steem-dollars | 4.99 | 12,046,069 |
| bitcoin | 43,009.00 | 1,397 |
| ethereum | 3,343.21 | 17,979 |
| litecoin | 146.52 | 410,250 |
| steem | 0.42 | 144,123,175 |
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 for two consecutive weeks, the frequent transitions between positive and negative that began around October 11 may be showing signs of slowing(?).
VESTED STEEM
This week we saw four new highs and six daily increases. Also, the graph has clearly reestablished an upward slope during the last two weeks.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw an approximate 6% increase from week to week.
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 16 1/2 million TRX tokens, or ~2% and held steady above the 800 million TRX line for the 16th consecutive day.
Modeled value of powered-up STEEM in terms of Steem Dollars
Up by about 1/2 million SBD or just under 4 1/2% during the last week.
Modeled value of powered-up STEEM as a percentage of Steem's market cap
Up - just a touch - again this week, hanging around in the mid 36% range. We have now seen 16 consecutive days above 36%; 113 consecutive days above 35%; 156 consecutive days above 34%; and 176 straight days above 1/3. Will it hold above 36%? Will we go above 37% again?
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Up by about 55 BTC, or 4%, during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Up by 152 ETH, or less than 1%, in the last week.
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 21K LTC or 5% since last week. Still hanging out near the 400k - 500k band.
Daily Powerdown Activity
Finally, here is graph with data from steemdb.io to show daily completed and pending powerdown activity. Overall, with about 642k powered down last week and 722k pending, we expect an overall increase in powerdowns by 12 1/2% or less in the coming week.
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $102 million (Apr 30)
- Steem Total Value Powered Up - $158 million (May 7)
- Steem Total Value Powered Up - $108 million - May 14, 2021
- Steem Total Value Powered Up - $77 million - May 21, 2021
- Steem Total Value Powered Up - $64 million - May 28, 2021
- Steem Total Value Powered Up - $64 million - June 4, 2021
- Steem Total Value Powered Up - $55 million - June 11, 2021
- Steem Total Value Powered Up - $47 million - July 16, 2021
- Steem Total Value Powered Up - $48 million - July 23, 2021
- Steem Total Value Powered Up - $62 million - July 30, 2021
- Steem Total Value Powered Up - $67 million - August 6, 2021
- Steem Total Value Powered Up - $74 million - August 13, 2021
- Steem Total Value Powered Up - $75 million - August 20, 2021
- Steem Total Value Powered Up - $80 million - August 27, 2021
- Steem Total Value Powered Up - $89 million - September 3, 2021
- Steem Total Value Powered Up - $89 million - September 12, 2021
- Steem Total Value Powered Up - $86 million - September 19, 2021
- Steem Total Value Powered Up - $68 million - September 26, 2021
- Steem Total Value Powered Up - $76 million - October 3, 2021
- Steem Total Value Powered Up - $88 million - October 10, 2021
- Steem Total Value Powered Up - $83 million - October 17, 2021
- Steem Total Value Powered Up - $83 million - October 24, 2021
- Steem Total Value Powered Up - $88 million - October 31, 2021
- Steem Total Value Powered Up - $87 million - November 7, 2021
- Steem Total Value Powered Up - $83 million - November 14, 2021
- Steem Total Value Powered Up - $87 million - November 21, 2021
- Steem Total Value Powered Up - $104 million - November 28, 2021
- Steem Total Value Powered Up - $66 million - December 5, 2021
- Steem Total Value Powered Up - $66 million - December 12, 2021
- Steem Total Value Powered Up - $61 million - December 19, 2021
- Steem Total Value Powered Up - $66 million - December 26, 2021
- Steem Total Value Powered Up - $67 million - January 2,
20212022 - Steem Total Value Powered Up - $57 million - January 9, 2022
- Steem Total Value Powered Up - $60 million - January 16, 2022
I see it from the positive side, where steem power-ups in USD increased by 6% from last week. Even though as I write this, the steem exchange rate has experienced a slight correction in value, but in my opinion it is a signal to increase again, even if not significantly increased, but reading the trend of steem price movements for the last 3 months ensures that steem will strengthen again in the next week.
Information that supports the increase in the steem exchange rate is that the power-up value of steem is more than that of the power-down steem. Even with a small percentage.
I think, To support the strengthening of the exchange rate, we all need to be actively involved in promoting steem through the various social media channels that we have, invite people to invest and stop to power down.
It looks like there is a STEEM and USD movement, although it is not a significant upward movement, only a little. what i have to say, this is due to the actions and efforts of club100, club75 and club5050, the people involved with STEEM, they at least maintain themselves to be the smallest in club5050. Last year STEEM increased in February, I think it will happen again for this year in the next few weeks. opportunity to buy STEEM as much as possible now, and big profit in sight.
Steem price was only $0.17 one year ago today on 17 January 2021 and it started to increase from February. Hopefully Steem price will start to increase from February as previous year. Thank you.
Hi @remlaps-lite ,everything is fine , statistics , numbers , probabilities , but a market as manipulated as this one of cryptocurrencies sometimes makes me think , some people with influence take advantage of others , that is , they say something that moves the market , people sell and they buy, it does not seem ethical to me, but it is what I often see, that is why I am a HOLDER and I love it when people who trading make more profit than them, there is no right for so much abuse
It is important that the amount of Staked Steem is constantly increasing. Increasing the amount of Staked Steem will make the blockchain more reliable and more reputable
Many wise persons are investing on many trending crypto now but wiser persons are investing on Steem to power up. Because Steem is much better than any other crypto to get profit and curation reward. Thanks for this deep analysis.
awesome post, may i translate into indonesian
Hi, yes, going forward you can feel free to translate this series of posts (Steem Total Value Powered Up), if you assign a 25% beneficiary setting to my account.
Okay, thank you. my respect to you @djadawadjadi
Total Nilai Steem Power - $60 juta - 16 Januari 2022
Steem staked value is slightly upward than previous week. Steem is not a stablecoin like usdt, busd and others, but it fluctuations is very low that's why investors have low risk to loss. Again that small fluctuations can give you high profit. That is speciality of steem.
Steem is king.
Last night I have sold almost 5 atoms and have bought almost 450 steem coin. I believe soon steem will give us a huge profit. Love to stay with steem. Steem is king.