Steem Total Value Powered Up - $83 million - November 14, 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,
- The number of powered-up STEEM increased by about 100,000 at download time or 60k at posting time.
- With not much change in number of STEEM powered up and percentage of market cap powered up, Steem didn't have a bad week, but many tokens had really good weeks, so the modeled value for powered-up STEEM is down this week against all comparison instruments.
Here are the numbers as-of a few minutes ago:
Total value locked in powered-up STEEM (USD): $83,426,441.47
STEEM market cap $232,006,687.75
Locked value in terms of other tokens:
| token | price | locked_value equivalent |
|---|---|---|
| tron | 0.12 | 714,953,049 |
| steem-dollars | 7.23 | 11,538,926 |
| bitcoin | 64,590.00 | 1,291 |
| ethereum | 4,592.60 | 18,165 |
| litecoin | 271.65 | 307,110 |
| steem | 0.58 | 142,811,190 |
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 this week.
VESTED STEEM
Continued flattening. New highs were observed on just 2 days in the last week.
Value of powered-up STEEM in terms of USD
Continuing a generalized uptrend that began in June, but down by about 5% since last week.
Value of powered-up STEEM in terms of Tron (TRX)
After a very strong week, Tron gained in strength by about 13 1/2%, which brought the modeled value of powered-up STEEM below the 800 million guardrail that has been in place for many weeks.
Value of powered-up STEEM in terms of Steem Dollars
Not much change from week to week. Still in a generalized uptrend since June.
Value of powered-up STEEM as a percentage of Steem's market cap
Up a touch, but basically unchanged since last week (and the three weeks before). 18 consecutive days above 36%; 50 consecutive days above 35%; 93 consecutive days above 34%; and 113 straight days above 1/3. Possibly seeing some leveling off during the last month. Will it hold above 36%? Will we go above 37% again?
Value of powered-up STEEM in terms of bitcoin (BTC)
After another strong week and Taproot activation, in terms of BTC, the modeled value for powered up STEEM fell by about 101 BTC, or 7%.
Value of powered-up STEEM in terms of Ethereum
With ETH also sitting near all time highs, the modeled value for powered-up STEEM in terms of ETH was down by about 3 1/2% from week to week.
Value of powered-up STEEM in terms of litecoin
After a stellar week for LTC, the modeled value of powered-up STEEM is down by about 28% (123k LTC) week over 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 exchange rate shows stability, I'm more and more interested in knowing this. This further strengthens the evidence for me to suggest my friends invest in steem.
We are in the middle of the month, I wait for the month of December, it has generally been the best for most of the cryptocurrencies, perhaps steem of an excellent Christmas surprise increasing its price and hopefully next years the rise will continue
I thought, what is the reason for this stable trend of the Steem exchange rate to persist? Is it because there is still not a massive market for trading steem commodities. It could be that the promo-steem campaign for the past few months is not right on target, or stagnant.
It seems that the steem promos made by many steemians are not aimed at investors, they are still limited to a limited circle, sorry - maybe just to get curation from the steemit team. I think we need the encouragement of big curators in steemit to support steem promos that aim to attract investors. I hope the curators will full-support program "steem deposit". Let's discuss it.
Thank you for the info, that's how I see the decline is not so drastic, and even if it goes up it's not that fast, meaning that there is equality and balance here, I think it's a natural thing about going up and down, but the important thing is the graph is how far it goes down and up in time how long, in this case, do we need to increase the steem promo, to further develop the economic ecosystem, and push the graph to soar high
Thanks for showing this report, so far I have seen stability, the variations are few, there are decreases and rises but in small amounts, this is showing that we can trust this platform to invest.
This post has been featured in the latest edition of Steem News...
Steem power is slightly down than the previous week. So the total staked valu decrease. So there is no reason to worry.
Thank you so much for publishing this week's power up report. Although the power of value has been lower this week than the last two weeks, I hope it will increase a lot again.
Well written and detail oriented report as usual. Your updates are very much appreciated.
I have included this post in the 22th issue of Steem News Magazine For Steemit Platform | November 14, 2021.