Steem Total Value Powered Up - $83 million - October 17, 2021

in #steem3 years ago

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 total number of powered-up STEEM crossed 142 million this week for a new high, but is currently just a bit below that level.
  • Powered-up STEEM as a percentage of market capitalization has been above 36% for 11 consecutive days.


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

Total value locked in powered-up STEEM (USD): $82,879,809.68
STEEM market cap $229,074,828.34

Locked value in terms of other tokens:

tokenpricelocked_value equivalent
tron0.10818,057,008
steem-dollars7.1611,575,392
bitcoin60,990.001,358
ethereum3,816.2221,717
litecoin185.19447,539
steem0.58141,925,502

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.

image.png

VESTED STEEM

The most recent new high was yesterday (Oct. 16) at just over 142 million STEEM powered-up. The weekly increase was about 120,000.

image.png

Value of powered-up STEEM in terms of USD

Down by about 6% since last week's download. I added a 28 day moving average to the graph.

image.png

Value of powered-up STEEM in terms of tron (TRX)

Down by roughly 6% since last week, and still hanging in the 800 million to 1 billion range.

image.png

Value of powered-up STEEM in terms of Steem Dollars

Up by about 5% since last Sunday

image.png

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

Down a touch since last week. 11 consecutive days above 36%; 22 consecutive days above 35%; 65 consecutive days above 34%; and 85 straight days above 1/3. Will it hold above 36%? Will we see 37%?

image.png

Value of powered-up STEEM in terms of bitcoin (BTC)

With BTC rising rapidly on rumors of ETF approvals, the value of powered-up STEEM is down by 15% in comparison to last week.

image.png

Value of powered-up STEEM in terms of ethereum

It seems that ETH was riding on BTC's coat tails this week. The modeled value for powered-up STEEM dropped by about 13% in comparison to ETH.

image.png

Value of powered-up STEEM in terms of litecoin

Down by about 9% since last week. Looks like LTC was riding high with ETH and BTC.

image.png

Notes
  • Reference prices for STEEM and other tokens are downloaded from coingecko.com
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The first graph is quite good, you can see the more complete changes, despite the ups and downs the power up has been maintained and that is good, thanks for sharing these graphs, they are very encouraging.

$229,074,828.34 market cap is too high for any social based platform. Go steem go. Thanks for sharing this informative post

Everything is going very well for Steem and market capacity of Steem is increasing very fast. But value of Steem is need to increase as the BTC price is increasing. Thank you.

Steem total value powered up has decreased this week unfortunately but I hope it will increase significantly in next week. Thank you so much for this details analysis of Steem.

The graphs show the whole process, there is a good margin and very good earnings, working and being active is always a guarantee of good earnings.
I wish you a happy start to the week

Steem in this week's exchange rate is correction, I think will be a turning point for strengthening. I'm always optimistic, steem is a profitable investment choice

Your information is very important, we must continue with optimism. Thanks greetings.