Steem Total Value Powered Up - $35 million - June 12, 2022

remlaps-lite (76)in #metrics • 3 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,

In an overall long term bearish market, the last couple of days have seen yet another bloodbath across the entire cryptocurrency sector.
Week over week, the number of powered up STEEM declined by about 127K, or just under 0%.
Over the course of the week, we saw two daily increases and no new highs in number of STEEM powered up.
At 41.61%, the series-long high as a percentage of market cap was recorded on April 26. Nearly all subsequent observations have been in the 39% range, so this was probably a fluke of timing in the way that CoinGecko updates their market cap and price fields.
The modeled value of powered-up STEEM lost ground against all comparison tokens, except for SBD. Changes ranged from -23% against the USD and -20% against TRX to +6 ¹/₂% against SBD.
Total power-downs this week totaled 886K STEEM, which represented an increase of 19% vs. last week's 745K.
In terms of ETH and LTC, today's locked value is still higher than the January 1, 2022 baseline. In terms of SBD, TRX, BTC and USD, it is lower.

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

Total value locked in powered-up STEEM (USD): $34,728,208.85
STEEM market cap $86,635,623.82

Locked value in terms of other tokens:

token	price	locked value equivalent	Jan 1, 2022	pct of Jan 1 baseline
tron	$0.08	451,297,027	809,173,538	55.77%
steem-dollars	$3.13	11,095,274	11,284,131	98.33%
bitcoin	$27,503.00	1,262	1,300	97.12%
ethereum	$1,485.05	23,385	16,501	141.72%
litecoin	$50.32	690,147	411,561	167.69%
steem	$0.22	157,615,489	142,930,214	110.27%
USD	$1.00	34,728,209	61,837,042	56.16%

And here are the charts, based on data collected daily since April 10, 2021.

Daily Changes

Here is a chart of daily changes in powered-up STEEM from April 11, 2021 to present. The graph also includes a linear trend line and a 28 day moving average.

Here are some descriptive statistics, for numbers geeks.

VESTED STEEM

With a weekly decline of about 130k, or 0.08%, the graph is basically flat, with an imperceptible downslope for the week.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, we saw a weekly decrease of about 11 ¹/₂ million dollars, or 23%. The value is still below the long-term mean, but hanging on above its May 12 bottom near $34 million, and also above the lows from June, 2021.

Modeled value of powered-up STEEM in terms of Tron (TRX)

TRX has shown continuing strength in a mostly down market. STEEM lost ground by about 120 million tokens or 20%.

Modeled value of powered-up STEEM in terms of Steem Dollars

Up by about 720K tokens or 6 ¹/₂%

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

Running basically flat for the last couple of months - aside from an anomalous spike on April 26. With today's observed value of 39.85%, we have now seen 69 consecutive days above 39%; 102 consecutive days above 38%; 133 consecutive days above 37%; 260 consecutive days above 35%; and 323 straight days above ¹/₃. Will it hold above 39%? Will it climb above 40%?

Modeled value of powered-up STEEM in terms of bitcoin (BTC)

Down by almost 300 BTC, or 18% during the week.

Modeled value of powered-up STEEM in terms of Ethereum

Down by about 2,000, or a bit more than 8%.

Modeled value of powered-up STEEM in terms of Litecoin

Powered-up STEEM moved down by about 48K LTC, or just over 6%. Still running well above the historical average.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. Overall, with about 886K powered down last week and 1.1M pending, we can expect weekly powerdowns to increase by about 20% or less.

The horizontal lines are the average values for completed (blue) and pending (cyan) powerdowns, and the yellow line is a 28 day moving average of completed powerdowns.

Here are some descriptive statistics for the numbers geeks:

And with a total of 1,059 pending power downs, here are the times, dates, and amounts of the top-10:

1 2022-06-13T00:02:51 - 151,897,968 MVESTS, 83,711 STEEM
2 2022-06-17T20:32:06 - 147,512,365 MVESTS, 81,294 STEEM
3 2022-06-13T07:20:27 - 136,688,234 MVESTS, 75,329 STEEM
4 2022-06-19T07:41:24 - 134,732,066 MVESTS, 74,251 STEEM
5 2022-06-14T04:54:48 - 118,241,014 MVESTS, 65,162 STEEM
6 2022-06-18T02:18:24 - 90,741,534 MVESTS, 50,007 STEEM
7 2022-06-19T07:57:51 - 90,732,129 MVESTS, 50,002 STEEM
8 2022-06-17T04:14:36 - 73,251,645 MVESTS, 40,369 STEEM
9 2022-06-13T13:19:12 - 67,147,363 MVESTS, 37,005 STEEM
10 2022-06-19T16:03:30 - 61,741,224 MVESTS, 34,025 STEEM

Notes

Reference prices for STEEM and other tokens are downloaded from coingecko.com

For 2021 links, see this post:

Steem Total Value Powered Up - $67 million - January 2, ~~2021~~2022

#tvpu #steemexclusive #penny4thoughts #burnsteem25

3 years ago in #metrics by remlaps-lite (76)

$25.58

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lupega (70) 3 years ago

Guardare i grafici è qualcosa che molte persone stanno facendo oggi, c'è un panico collettivo, ricordo che qualcosa di simile è successo nel 2014, quindi è meglio non guardare i grafici, beh ho già guardato i tuoi ahahah, sii paziente e salvare è quello che continuerò a fare, niente, niente panico
Un abbraccio

$0.04

4 votes

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remlaps-lite (76) 3 years ago

Yeah, I seem to remember a downturn like this in 2018, too -- around the time that Steemit announced a bunch of layoffs. I guess it's that part of the BTC halving cycle.

$0.02

1 vote

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babangida (53) 3 years ago (edited)

There is a fierce fight in the market. I don't understand why like that. Someone continues to negatively influence the entire market to make a little money. After that, the price of steem goes down.

$0.03

4 votes

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lutek (51) 3 years ago

I expect a higher rate in the next evaluation. Analysis is guiding us, thank you very much.

$0.03

4 votes

[-]

yas548 (60) 3 years ago

Steem price has dropped a lot like other cryptocurrencies. The instant Steem price is $0.2 which is pretty low in my opinion. We should at least raise it to the level of the other network

$0.03

4 votes

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worldstories (52) 3 years ago

This is rare to see Hive drop and increase quickly, we hope stable coins don't be more affected.

$0.00

Steem Total Value Powered Up - $35 million - June 12, 2022

Daily Changes

VESTED STEEM

With a weekly decline of about 130k, or 0.08%, the graph is basically flat, with an imperceptible downslope for the week.

Modeled value of powered-up STEEM in terms of USD

In terms of USD, we saw a weekly decrease of about 11 1/2 million dollars, or 23%. The value is still below the long-term mean, but hanging on above its May 12 bottom near $34 million, and also above the lows from June, 2021.

Modeled value of powered-up STEEM in terms of Tron (TRX)

Modeled value of powered-up STEEM in terms of Steem Dollars

Up by about 720K tokens or 6 1/2%

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

Modeled value of powered-up STEEM in terms of bitcoin (BTC)

Down by almost 300 BTC, or 18% during the week.

Modeled value of powered-up STEEM in terms of Ethereum

Down by about 2,000, or a bit more than 8%.

Modeled value of powered-up STEEM in terms of Litecoin

Powered-up STEEM moved down by about 48K LTC, or just over 6%. Still running well above the historical average.

Daily Powerdown Activity

Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. Overall, with about 886K powered down last week and 1.1M pending, we can expect weekly powerdowns to increase by about 20% or less.

Notes

Previous posts

For 2021 links, see this post:

In terms of USD, we saw a weekly decrease of about 11 ¹/₂ million dollars, or 23%. The value is still below the long-term mean, but hanging on above its May 12 bottom near $34 million, and also above the lows from June, 2021.

Up by about 720K tokens or 6 ¹/₂%