Steem Total Value Powered Up - $36 million - September 25, 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 |
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- Week over week, the number of powered up STEEM increased by almost 2.7M SP, or 1 2/3%.
- Over the course of the week, we saw six daily increases and six new highs, with a current streak of 2 consecutive days with new highs recorded.
- The modeled value gained ground against all comparison values. Changes ranged from about 1% against USD to about 9% against ETH.
- In terms of all comparison values except for TRX and USD, the modeled value remains above its January 1 baseline.
- In terms of all comparison tokens except TRX and USD, the modeled value is above its long term mean.
- This week (Sunday through Saturday) saw a total of 374K STEEM powered down, which is an increase of 6% as compared to last week's 351K STEEM.
- This week saw the 28 day average of completed powerdowns remaining near an all-time low (during the time I've been tracking)
Here are the numbers as-of a few minutes ago |
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Total value locked in powered-up STEEM (USD): $35,866,971.75
STEEM market cap $86,766,169.95
Locked value in terms of other tokens:
| token | price | locked value equivalent | Jan 1, 2022 | pct of Jan 1 baseline |
|---|---|---|---|---|
| tron | $0.06 | 599,411,263 | 809,173,538 | 74.08% |
| steem-dollars | $2.52 | 14,232,925 | 11,284,131 | 126.13% |
| bitcoin | $18,995.43 | 1,888 | 1,300 | 145.27% |
| ethereum | $1,294.77 | 27,701 | 16,501 | 167.88% |
| litecoin | $53.66 | 668,411 | 411,561 | 162.41% |
| steem | $0.22 | 163,666,269 | 142,930,214 | 114.51% |
| USD | $1.00 | 35,866,972 | 61,837,042 | 58.00% |
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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. The two all time highest increases (since my tracking began) were recorded on Sunday and Monday, September 18-19. As noted by @moecki in last week's comments, this was due to a "feeding frenzy" by the "Always Hungry", @hungry-griffin. ;-)
Here are some descriptive statistics, for numbers geeks.
VESTED STEEM
After last week's increase of about 2.8M, this week saw another increase of 2.7M or 1.7%, the combination of which added a sharp and substantial two week uptick for the graph.
Modeled value of powered-up STEEM in terms of USD
In terms of USD, we saw a weekly increase of about 300 thousand dollars, or a bit under 1%. The value is still below the long-term mean, and holds above its recent low near $34 million. It also remains above the low of ~27 million from June 22, 2021.
Modeled value of powered-up STEEM in terms of Tron (TRX)
Powered-up STEEM gained ground by about 25 1/2M tokens against TRX or about 4 1/2%.
Modeled value of powered-up STEEM in terms of Steem Dollars
Up by about 566K SBDs or 4%
Modeled value of powered-up STEEM as a percentage of Steem's market cap
Broke above 41% this week after a 2-day powerup of nearly 5M tokens by @hungry-griffin. After today's observed value of 41.44%, we have now seen 7 consecutive days above 41%; 174 consecutive days above 39%; 207 consecutive days above 38%; 238 consecutive days above 37%; 365 consecutive days above 35%; and 428 straight days above 1/3. Will it hold above 41%? Will it climb above 42%
Modeled value of powered-up STEEM in terms of bitcoin (BTC)
Gained ground by about 92 BTC, or 5% during the week.
Modeled value of powered-up STEEM in terms of Ethereum
Powered-up STEEM gained ground by almost 2,300 ETH, or about nearly 9%.
Modeled value of powered-up STEEM in terms of LTC
Up by about 36K, or 6%. Still running above the historical average.
Daily Powerdown Activity
Here is graph with data from steemdb.io to show daily completed and pending powerdown activity. With 374K in completed powerdowns last week and 476K pending (both measured from Sunday through Saturday), we can expect powerdowns to increase next week by about 27% or less. The 28 day average remained near an all-time low since I began tracking last December, but unless some of the pending powerdowns get cancelled, it looks like it will be tracking upwards.
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. "Pending" numbers now come from the Steemit API, not from steemdb.io.
Here are some descriptive statistics for the numbers geeks
| And with a total of 1205 pending power downs, here are the times, dates, and amounts of the top-10 |
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1 2022-10-01T05:20:18 - 123,985,412 MVESTS, 68,933 STEEM
2 2022-10-02T16:01:57 - 90,880,586 MVESTS, 50,527 STEEM
3 2022-09-25T23:49:24 - 60,808,843 MVESTS, 33,808 STEEM
4 2022-09-30T04:37:51 - 47,577,243 MVESTS, 26,452 STEEM
5 2022-09-30T14:51:42 - 46,745,521 MVESTS, 25,989 STEEM
6 2022-10-01T05:20:45 - 41,262,917 MVESTS, 22,941 STEEM
7 2022-10-01T14:07:09 - 40,113,363 MVESTS, 22,302 STEEM
8 2022-09-27T08:43:27 - 29,742,868 MVESTS, 16,536 STEEM
9 2022-09-25T23:57:27 - 23,705,891 MVESTS, 13,180 STEEM
10 2022-09-28T08:39:27 - 23,031,953 MVESTS, 12,805 STEEM
Notes
- Reference prices for STEEM and other tokens are downloaded from coingecko.com
Previous posts
- Steem Total Value Powered Up - $34 million - July 3, 2022
- Steem Total Value Powered Up - $37 million - July 10, 2022
- Steem Total Value Powered Up - $36 million - July 17, 2022
- Steem Total Value Powered Up - $38 million - July 24, 2022
- Steem Total Value Powered Up - $41 million - July 31, 2022
- Steem Total Value Powered Up - $41 million - August 7, 2022
- Steem Total Value Powered Up - $43 million - August 14, 2022
- Steem Total Value Powered Up - $38 million - August 21, 2022
- Steem Total Value Powered Up - $36 million - August 28, 2022
- Steem Total Value Powered Up - $37 million - September 11, 2022
- Steem Total Value Powered Up - $36 million - September 18, 2022
- Steem Total Value Powered Up - $36 million - September 25, 2022
For links from 2021 and the first half of 2022, see these posts:
- Steem Total Value Powered Up - $67 million - January 2,
20212022 - Steem Total Value Powered Up - $36 million - June 26, 2022
- Steem Total Value Powered Up - $36 million - June 26, 2022
Pixabay license, source
Reminder
Visit the /promoted page and #burnsteem25 to support the inflation-fighters who are helping to enable decentralized regulation of Steem token supply growth.2,479,320
I have listened to some influencers that I follow, according to their predictions, which by the way no longer work, neither theirs nor any this year the cryptocurrency market will continue lateral, but I see volatility, well according to this we will have to wait next year
My personal opinion is that the crypto market is going to move mostly sideways until late in 2023 or early in 2024, when the next leg of the BTC halving cycle kicks in.
This post has been featured in the latest edition of Steem News...
Bitcoin has good movements. And steem has been showing good results in the last couple of months. of course, in order to resume sbd accruals, the coin needs to grow in price a little more. but there has been stability in the price for some time. this pleases undoubtedly!
I like this week's data. 36 million worth of locked assets is very important. Increasing this further will make our ecosystem more popular.