Steemit vs Hive Price & Volume Comparison

in #volume21 days ago

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Hi,

Here is the Weekly Analysis Report Regarding Steem Price and the Trading Volume in last week.

I don’t think to go into more detail. Since the Hive Platform is a split of Steemit and that platform is also going well, I thought it’s good to have a comparison between trading volumes in both Platforms also.

First, let’s Look into the Price variation of Steem & Hive Last week.

Steem Price Variation Within Last Week

DateOpenClose
12/1/2024$0.268N/A
11/30/2024$0.268$0.268
11/29/2024$0.259$0.268
11/28/2024$0.265$0.259
11/27/2024$0.257$0.265
11/26/2024$0.250$0.257
11/25/2024$0.241$0.250
11/24/2024$0.231$0.241

Hive Price Variation Within Last Week

DateOpenClose
12/1/2024$0.297N/A
11/30/2024$0.297$0.297
11/29/2024$0.293$0.297
11/28/2024$0.297$0.293
11/27/2024$0.295$0.297
11/26/2024$0.274$0.295
11/25/2024$0.281$0.274
11/24/2024$0.254$0.281

So, let’s see this data through a Graph. (For the graph, I will use the Open Prices of Both coins)

image.png

Now Let’s Move into the trading volumes of Each coin within the last week.

Steem Trading Volume Variation Within Last Week

DateTrading Volume
12/1/2024$30,292,065
11/30/2024$24,287,903
11/29/2024$28,402,703
11/28/2024$35,459,237
11/27/2024$61,613,084
11/26/2024$48,247,161
11/25/2024$49,043,594
11/24/2024$43,429,752

Hive Trading Volume Variation Within Last Week

DateVolume
12/1/2024$8,131,281
11/30/2024$9,364,918
11/29/2024$9,718,127
11/28/2024$10,788,905
11/27/2024$18,311,720
11/26/2024$20,712,070
11/25/2024$143,129,722
11/24/2024$9,946,883

Now for comparison, Let’s See these data from a chart.

image.png

Steem to Hive Ratio

The y-axis represents the ratio, which is the price of Steem divided by the price of Hive. A ratio of 1 mean that Steem and Hive have the same price.

This is Daily Steem To Hive Ration through out the Past week. And Steem Price has gradually increased over the past week.

image.png

DateSteemHiveSteem: Hive Ratio
12/1/2024$0.268$0.2970.902
11/30/2024$0.268$0.2970.902
11/29/2024$0.259$0.2930.885
11/28/2024$0.265$0.2970.892
11/27/2024$0.257$0.2950.873
11/26/2024$0.250$0.2740.912
11/25/2024$0.241$0.2810.857
11/24/2024$0.231$0.2540.906

Thank You.

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