Steem Total Value Powered Up - $77 million - May 21, 2021

in #steem8 months ago (edited)

This is the fourth 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.

As a reminder, I have been tracking the amount of "vested steem" as reported by the blockchain along with the market prices of a handful of cryptocurrencies. Based on the market values, I am reporting the value of powered-up STEEM in terms of USD and a few other tokens.

Noteworthy, this week, the number of STEEM powered up reached a new high, but lost value in terms of dollars (along with the entire crypto market).

Here are the numbers as of a few minutes ago.

Total value locked in powered-up STEEM (USD): $76,814,173.83
STEEM market cap $249,717,685.128

Locked value in terms of other tokens:

tokenpricelocked_value equivalent
tron0.08995,595,482
steem-dollars8.179,401,979
bitcoin36,545.002,101
ethereum2,374.7832,345
litecoin177.01433,953
steem0.65117,542,190

And here are the charts, based on data collected daily since April 10.

VESTED STEEM

For the third week in a row, the number of powered-up STEEM is the highest value I've seen since I began collecting these numbers. Moreover, it has been climbing sharply for over a week. In a mostly down market, at least this graph is optimistic.

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Value of powered-up STEEM in terms of USD

STEEM has been caught up with the general market turmoil so that the decline in dollar value more than offsets the increase in powered-up STEEM. Today's daily download was not quite at an all time low, but it's close ($78.8 million vs. $76.6 million). At the time of posting, it's even closer, floating around near $76.8 million.

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Value of powered-up STEEM in terms of tron (TRX)

The value of powered-up STEEM in terms of Tron advanced a little bit this week, but it's still moving parallel in the range between 800,000,000 to 1,000,000,000.

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Value of powered-up STEEM in terms of Steem Dollars

Last week, Steem Dollars were outliers because powered-up STEEM gained in value against SBDs. This week, they're outliers in the opposite direction.

image.png

Value of powered-up STEEM as a percentage of Steem's market cap

Slight gain (30.4% to 30.73%), but basically moving in parallel.

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Value of powered-up STEEM in terms of bitcoin (BTC)

Another optimistic sign, STEEM is holding its own against BTC, still above my own mental 2,000 BTC benchmark.

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Value of powered-up STEEM in terms of ethereum

After falling for several weeks - in comparison to ETH - STEEM gained some ground this week. Same with LTC..

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Value of powered-up STEEM in terms of litecoin

After falling for several weeks - in comparison to ETH - STEEM gained some ground this week. Same with LTC..

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Notes
  • Reference prices for STEEM and other tokens are downloaded from coingecko.com
  • Marketcap data came from coinmarketcap.com through May 13 and from coingecko.com after that.
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Very good data collection, recently the Steemdollar became in the internal market at 18 steem for each steemdollar, which caused a massive sale of steemdollar to take advantage of the price and earn a few more steem.

What I have noticed is that the steem is always around 1850 satochi high and 1770 satochi low, the price has remained stable in comparison, with the red bath that is in the current market.

The market is in a situation where it provokes to have a good wallet and buy at half price since most cryptocurrencies are on the floor.

Sbd made we happy, did almost 4x, reaching a value from 0.00011BTC to 0.00043BTC. I hope that next time it will break through 0.00056BTC and yes, with such values, we can buy a lot of Steem.

great post with good information about STEEM, thanks for sharing

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