Steem Total Value Powered Up - $68 million - September 26, 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, our streak of consecutive new highs for powered-up STEEM continued, and with 139 million powered-up STEEM, we're now at 21 days in a row with new highs. Overall, the cryptocurrency market was down this week, and in terms of dollars and all comparison tokens the modeled value of powered-up STEEM is also down. All of these values are still remaining solidly above mid/late June lows. My favorite metric, value as a percentage of market cap, is up slightly to 35.64% at the time of today's download and 35.82% a couple of minutes ago.
Here are the numbers as-of a few minutes ago:
Total value locked in powered-up STEEM (USD): $68,397,478.21
STEEM market cap $190,974,354.75
Locked value in terms of other tokens:
| token | price | locked_value equivalent |
|---|---|---|
| tron | 0.09 | 769,773,766 |
| steem-dollars | 6.29 | 10,874,002 |
| bitcoin | 43,355.00 | 1,577 |
| ethereum | 3,060.03 | 22,351 |
| litecoin | 152.34 | 448,979 |
| steem | 0.49 | 139,083,718 |
And here are the charts, based on data collected daily since April 10.
VESTED STEEM
21 consecutive days of new highs with a gain of about 1 million since last week
Value of powered-up STEEM in terms of USD
Down sharply in the last week, but still in an uptrend from lows in mid/late June.
Value of powered-up STEEM in terms of tron (TRX)
Down since last week and holding slightly below the 800 million to 1 billion range that has been common since April, when data collection started.
Value of powered-up STEEM in terms of Steem Dollars
Basically flat, but down a touch since last week. Still in an uptrend as compared to lows in June.
Value of powered-up STEEM as a percentage of Steem's market cap
After dipping below 35% yesterday and back above today, we have seen 44 consecutive days above 34%, and 64 straight days above 1/3. Will we sneak back above 36% again? Will we see 37%?
Value of powered-up STEEM in terms of bitcoin (BTC)
Down sharply at the beginning of the week and flattening off at the end. Powered-up STEEM is still a good bit above our mid/late June lows.
Value of powered-up STEEM in terms of ethereum
The modeled value of powered-up STEEM dropped by about 10% this week in comparison to ETH.
Value of powered-up STEEM in terms of litecoin
The modeled value of powered-up STEEM dropped by about 6% this week in terms of LTC.
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
Even though according to data, the value of steem power up against the US dollar has corrected, but in terms of quantity, frozen steem always increases, from day to day. This in my opinion is an indicator that the level of market confidence in steem is positive.
Therefore, I believe that there will always be hope for the strengthening of the Steem exchange rate against the US Dollar.
This post has been featured in the latest edition of Steem News...
While I was reading this post, my mind was asking. Which has a greater influence on the movement of the steem exchange rate? Are external factors bigger than the steemit ecosystem?
Good questions.
My personal opinion is that external factors (i.e. speculation) are probably bigger than internal factors in nearly all cryptocurrencies, including Steem. I think that's why so much of the crypto market seems to move in the same direction at the same time. I haven't seen any analyses on the topic, though.
The price of STEEM is now only $0.50 and this is time to make power up because STEEM price is going to increase. Thanks for this deep analysis of STEEM.
Every day there are more users who give a vote of confidence in steemit to invest their earnings in steempower as you can see in this graph.
It is good to see that one third of total market value of steem is in stake. I hope soon it will be too high.
This world of cryptocurrencies is unpredictable, but we are already used to so much volatility, patience is the key, I will always say it.
Thank you for posting about this, hopefully it will add a positive value to encourage strengthening the value of steem. I will share this post to my friends.
Unfortunately Steem Total Value Powered Up has decrease this week but I hope it will increase next week. Thank you.
Excelente recopilacion de informacion, espero un milagro y que steem suba por la nubes...es una buena moneda y tengo fe en ella. 🙌