Steem Total Value Powered Up - $66 million - December 5, 2021
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,
- For the number of powered up STEEM tokens, after 24 days without a new high, new highs were observed yesterday and today. The week ended with a gain of about 300k tokens.
- There was a bloodbath throughout cryptocurrency markets this week, especially on Friday night (US/Eastern).
- Last week, the modeled value for powered-up STEEM was up against all comparison tokens. This week, it fell against all comparison tokens.
- Value changes ranged from down 20% for LTC to down 36% for ETH.
- In terms of USD, the modeled value of powered-up STEEM fell by about $33k, or 33%.
Here are the numbers as-of a few minutes ago:
Total value locked in powered-up STEEM (USD): $66,084,612.73
STEEM market cap $182,501,151.04
Locked value in terms of other tokens:
| token | price | locked_value equivalent |
|---|---|---|
| tron | 0.08 | 785,067,331 |
| steem-dollars | 6.01 | 10,995,775 |
| bitcoin | 49,329.00 | 1,339 |
| ethereum | 4,161.01 | 15,881 |
| litecoin | 155.37 | 425,337 |
| steem | 0.46 | 143,254,860 |
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. Frequent transitions between positive and negative began around October 11 and continued through this week.
VESTED STEEM
Continued flattening. After 24 days without seeing a new high, new highs were observed yesterday (Dec 4) and today (Dec 5).
Value of powered-up STEEM in terms of USD
Down by $33k or 33% since last week, but apparently still in an uptrend that began in mid-June.
Value of powered-up STEEM in terms of Tron (TRX)
Down by 29%, or 320 million TRX in the last week, and it dipped below the 800 million boundary line that we've been watching all fall.
Value of powered-up STEEM in terms of Steem Dollars
Down by 312 SBD or 22% since last week, but still in a longer term uptrend that began in mid-June..
Value of powered-up STEEM as a percentage of Steem's market cap
Still flat since early October. 39 consecutive days above 36%; 71 consecutive days above 35%; 114 consecutive days above 34%; and 134 straight days above 1/3. Will it hold above 36%? Will we go above 37% again?
Value of powered-up STEEM in terms of bitcoin (BTC)
Down by 500 BTC, or roughly 29% in the last week.
Value of powered-up STEEM in terms of Ethereum
Down by 9K ETH, or 36% in the past week.
Value of powered-up STEEM in terms of litecoin
In terms of LTC, the modeled value of powered up STEEM fell by about 20%, or 110 LTC However, it is still in a multimonth uptrend that began in mid-June.
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
Update: Sorry for posting in the steemlinks community. This should have been a blog post.
The drop was somewhat strong after a considerable rally last week now came a drop that was a bit predictable.
Maybe the fall was due to the market panic I still don't know.
Fluctuations in cryptocurrencies are in some cases unpredictable. Greetings.
Agreed. A pullback is one thing, but last week was painful across the whole market.
Cryptocurrency charts are not always stagnant but are always dynamic along with the number of investments and withdrawals, the decline in the price of steem today, is something that usually happens, not only steem but almost all cryptocurrencies experience it, maybe today is the time right place to invest and take profits in the future, I'm also getting ready to invest even if it's in a small amount according to the assets I have
This week is bad for cryptocurrency while bitcoin dumped more than 15%. Almost all of the altcoins are also red. And it was same for steem. Steem lose almost $0.2. This is not good for a holder. But I think this is a sign for a big profit in upcoming days in this December. I will stay with steem.
Steem exchange rate correction which is rather deep in my opinion is not something to worry about, this is something that usually happens in crypto trading. This could be one of the impacts of the tapering policy initiated by the US Central Bank. As a holder for the long term, I think now is the right time to increase my steem investment. Let's to enjoy in this moment. ️😀
Unfortunately Steem total value powered up has decreased a lot for the big dump of crypto market but the market will recover very soon and it will hit $150 million in this month. Thank you.
Wow. That's an ambitious target! I hope you're right.
In my opinion, this fall is mainly due to the month of December, since some people look for some means to complete their expenses for this month, and stop performing power up. In January everything will return to its normal course.
It is shocking to see such small staked value of steem considering the past week. But this week is very bad for crypto and also for steem. I hope steem will cover this dump soon and it stake value will rise noticeably. Thanks.
Holding $66 million staked vake even in dumping time is not bad. Steem always does better.
cryptocurrencies and STEEM are experiencing a significant decline in price, we check it several times a day, and it continues to fall, I think in the first week of December it will continue to fall, but I believe STEEM will skyrocket at the end of December, STEEM is currently preparing ready to welcome the new year with the increase higher than two months ago, let's enjoy the process of this ascension and celebrate the new year.
This market drop is really a great chance for them who want to buy Steem and make power up. Steem current price is only $0.43 and hopefully it will increase in next 2 week, so it’s high time to invest on Steem. Thanks for this deep analysis.