Steemit vs Hive Price & Volume Comparison

in #volume29 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
11/23/2024$0.219N/A
11/22/2024$0.215$0.219
11/21/2024$0.210$0.215
11/20/2024$0.218$0.210
11/19/2024$0.218$0.218
11/18/2024$0.199$0.218
11/17/2024$0.212$0.199
11/16/2024$0.195$0.212

Hive Price Variation Within Last Week

DateOpenClose
11/23/2024$0.240N/A
11/22/2024$0.237$0.240
11/21/2024$0.231$0.237
11/20/2024$0.246$0.231
11/19/2024$0.252$0.246
11/18/2024$0.240$0.252
11/17/2024$0.254$0.240
11/16/2024$0.239$0.254

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
11/23/2024$34,354,539
11/22/2024$33,442,223
11/21/2024$30,230,795
11/20/2024$33,769,816
11/19/2024$32,251,751
11/18/2024$27,742,232
11/17/2024$35,909,846
11/16/2024$29,723,820

Hive Trading Volume Variation Within Last Week

DateVolume
11/23/2024$6,002,353
11/22/2024$6,482,853
11/21/2024$7,128,662
11/20/2024$9,487,601
11/19/2024$10,648,688
11/18/2024$11,616,817
11/17/2024$25,983,659
11/16/2024$60,452,037

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
11/23/2024$0.219$0.2400.915
11/22/2024$0.215$0.2370.909
11/21/2024$0.210$0.2310.909
11/20/2024$0.218$0.2460.885
11/19/2024$0.218$0.2520.866
11/18/2024$0.199$0.2400.830
11/17/2024$0.212$0.2540.835
11/16/2024$0.195$0.2390.816

Thank You.

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