Steemit vs Hive Price & Volume Comparison

in #volume26 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
10/26/2024$0.161N/A
10/25/2024$0.175$0.161
10/24/2024$0.174$0.175
10/23/2024$0.181$0.174
10/22/2024$0.182$0.181
10/21/2024$0.189$0.182
10/20/2024$0.183$0.189
10/19/2024$0.181$0.183

Hive Price Variation Within Last Week

DateOpenClose
10/26/2024$0.181N/A
10/25/2024$0.192$0.181
10/24/2024$0.194$0.192
10/23/2024$0.200$0.194
10/22/2024$0.199$0.200
10/21/2024$0.207$0.199
10/20/2024$0.203$0.207
10/19/2024$0.200$0.203

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
10/26/2024$19,521,359
10/25/2024$17,415,650
10/24/2024$16,679,716
10/23/2024$17,863,958
10/22/2024$20,261,649
10/21/2024$8,869,329
10/20/2024$3,017,374
10/19/2024$2,445,868

Hive Trading Volume Variation Within Last Week

DateVolume
10/26/2024$1,590,121
10/25/2024$2,199,960
10/24/2024$1,525,119
10/23/2024$2,481,238
10/22/2024$9,714,751
10/21/2024$2,146,198
10/20/2024$2,163,180
10/19/2024$1,485,153

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
10/26/2024$0.161$0.1810.889
10/25/2024$0.175$0.1920.908
10/24/2024$0.174$0.1940.899
10/23/2024$0.181$0.2000.905
10/22/2024$0.182$0.1990.915
10/21/2024$0.189$0.2070.910
10/20/2024$0.183$0.2030.903
10/19/2024$0.181$0.2000.906

Thank You.

Steemit vs Hive Price & Volume Comparison
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