Steem Total Value Powered Up - $50 million - June 5, 2022
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,
- Week over week, the number of powered up STEEM grew by about 170K, or just over 0%.
- For the second week in a row, the week saw 5 daily increases and 1 new high (today) 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 gained ground against all comparison tokens, except for SBD. Changes ranged from -27% against SBD to +28 1/2% against LTC.
- The modeled value of powered-up STEEM gained ground against the USD by about 26%.
- Total power-downs this week totaled 745K STEEM, which represented a decline of 15% vs. last week's 880K.
- In terms of all comparison values except for SBD, TRX and USD, today's locked value is still higher than the January 1, 2022 baseline.
Here are the numbers as-of a few minutes ago:
Total value locked in powered-up STEEM (USD): $49,521,317.04
STEEM market cap $124,104,378.94
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2022 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.08 | 604,604,210 | 809,173,538 | 74.72% |
| steem-dollars | $4.42 | 11,203,917 | 11,284,131 | 99.29% |
| bitcoin | $30,076.00 | 1,646 | 1,300 | 126.65% |
| ethereum | $1,825.82 | 27,122 | 16,501 | 164.37% |
| litecoin | $63.22 | 783,317 | 411,561 | 190.33% |
| steem | $0.31 | 157,738,830 | 142,930,214 | 110.36% |
| USD | $1.00 | 49,521,317 | 61,837,042 | 80.08% |
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 gain of about 180k, the graph continues its barely perceptible upward slope in recent weeks.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly increase of about 10 million dollars, or 26%. Still below the long-term mean, but with this week's bounce, the value is convincingly 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)
Although TRX has shown continuing strength in a mostly down market, STEEM gained back some ground by about 124 million tokens or 26%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Down by about 4,000 tokens or 27 1/2%
Modeled value of powered-up STEEM as a percentage of Steem's market cap
Running basically flat, with a tiny upslope, for the last eight or nine weeks - aside from an anomalous spike on April 26. With today's observed value of 40%, we have now seen 1 day above 40%, 62 consecutive days above 39%; 95 consecutive days above 38%; 126 consecutive days above 37%; 253 consecutive days above 35%; and 316 straight days above 1/3. After today's flirtation with the 40% line, it will be interesting to see if it continues to climb towards 41% or if it drops back into the 39% range?
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Up by about 307 BTC, or 23% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Up by almost 5,500, or a bit under 25 1/2%.
Modeled value of powered-up STEEM in terms of Litecoin
Powered-up STEEM moved up by about 174,000 LTC, or just over 28 1/2%. 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 745K powered down last week and 900K pending, we can expect weekly powerdowns to increase by about 17% 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 1,114 pending power downs, here are the times, dates, and amounts of the top-10:
1 2022-06-10T20:32:06 - 147,512,365 MVESTS, 81,245 STEEM
2 2022-06-06T07:20:27 - 136,688,234 MVESTS, 75,284 STEEM
3 2022-06-12T07:41:24 - 134,732,066 MVESTS, 74,206 STEEM
4 2022-06-07T04:54:48 - 118,241,014 MVESTS, 65,123 STEEM
5 2022-06-12T16:03:21 - 112,842,719 MVESTS, 62,150 STEEM
6 2022-06-06T13:19:12 - 67,147,363 MVESTS, 36,983 STEEM
7 2022-06-07T20:05:48 - 59,704,048 MVESTS, 32,883 STEEM
8 2022-06-08T04:58:42 - 41,775,699 MVESTS, 23,009 STEEM
9 2022-06-08T13:30:54 - 39,933,778 MVESTS, 21,994 STEEM
10 2022-06-06T13:13:15 - 38,397,977 MVESTS, 21,148 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $67 million - January 2,
20212022 - Steem Total Value Powered Up - $57 million - January 9, 2022
- Steem Total Value Powered Up - $60 million - January 16, 2022
- Steem Total Value Powered Up - $43 million - January 23, 2022
- Steem Total Value Powered Up - $46 million - January 30, 2022
- Steem Total Value Powered Up - $54 million - February 6, 2022
- Steem Total Value Powered Up - $50 million - February 13, 2022
- Steem Total Value Powered Up - $46 million - February 20, 2022
- Steem Total Value Powered Up - $48 million - February 27, 2022
- Steem Total Value Powered Up - $47 million - March 6, 2022
- Steem Total Value Powered Up - $47 million - March 13, 2022
- Steem Total Value Powered Up - $51 million - March 20, 2022
- Steem Total Value Powered Up - $60 million - March 27, 2022
- Steem Total Value Powered Up - $65 million - April 3, 2022
- Steem Total Value Powered Up - $55 million - April 10, 2022
- Steem Total Value Powered Up - $68 million - April 24, 2022
- Steem Total Value Powered Up - $67 million - May 1, 2022
- Steem Total Value Powered Up - $62 million - May 8, 2022
- Steem Total Value Powered Up - $42 million - May 15, 2022
- Steem Total Value Powered Up - $45 million - May 22, 2022
- Steem Total Value Powered Up - $39 million - May 29, 2022
- Steem Total Value Powered Up - $50 million - June 5, 2022
Let's hope that the volatility of the market will give us a break, since the predictions do not work in my opinion
I totally agree that predictions don't work. ;-)
Nice analysis.
The pump took place in the Steem price and then the dump. SSBD price has gone up too much, interesting things are happening.
My observations on the data on the increase in the steem exchange price this week, raise hopes that there will be price strengthening in the following weeks.
Is this increase the impact of the #burnsteem campaign? I think it's still too early to draw conclusions, let's take a look at the charts next week.
#steem on!
I definitely agree that it's too early to draw any conclusions about #burnsteem25.
The 170K's boost is good. It is possible to increase the Steem price by burning a little Steem and making some strengthening. Let's announce our activities to investors via social media.
It is difficult to decide what to do in this situation. Does it make sense to buy Steem while cryptocurrencies are falling? Or should you do this after the prices have dropped? When we buy Steem and do this, our SPs increase at the same time. It's a little difficult to decide.
There was a big pump in steem and sbd price. It became when the market is experiencing a great downward pressure. So that pump was good to attract investors. I hope steem will do better than any others at all moment.
Steem is king