Steem Total Value Powered Up - $80 million - August 27, 2021

in #steem5 months ago (edited)

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 this week, we have new highs in terms of powered up STEEM tokens as well as percentage of market cap. Powered-up STEEM has seen new highs for 44 consecutive days and increased by about 2 million in the last 7 days. The modeled total of powered-up STEEM increased by a million on August 25, alone. The modeled value of powered-up STEEM was flat or increasing against all of the other tracked tokens, with gains of 7 or 8% in comparison to TRX and LTC.

Here are the numbers as-of a few minutes ago:

Total value locked in powered-up STEEM (USD): $79,908,490.95
STEEM market cap $228,908,393.17

Locked value in terms of other tokens:

tokenpricelocked_value equivalent
tron0.09908,546,604
steem-dollars8.169,792,707
bitcoin49,027.001,629
ethereum3,272.8224,415
litecoin175.82454,490
steem0.59135,539,430

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

VESTED STEEM

With a weekly increase of ~1.7 million, today was the 44th consecutive new high since I started collecting data on April 10.

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Value of powered-up STEEM in terms of USD

At $78.3 million, today's download was up by about $3 million over last week's, and this afternoon it went up another $1 1/2 million.

image.png

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

Up by about 7%, but still running in the 800 million to 1 billion band.

image.png

Value of powered-up STEEM in terms of Steem Dollars

More or less flat since last week.

image.png

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

34 consecutive days above 1/3 and 14 consecutive days above 34%. Still trending up, with today's new high at 34.91%. Will we see 35%?

image.png

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

Flat against BTC.

image.png

Value of powered-up STEEM in terms of ethereum

Up by a few percent in terms of ETH, but basically flat for the week.

image.png

Value of powered-up STEEM in terms of litecoin

Up by about 8% and continuing a 2 month up-trend in terms of LTC value.

image.png

Notes
  • Reference prices for STEEM and other tokens are downloaded from coingecko.com
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The numbers keep bumping up. This is good news.
kinda weird this post does not show up among the new penny4thoughts list of articles on my end.

kinda weird this post does not show up among the new penny4thoughts list of articles on my end.

Interesting. I bet it's because I accidentally posted it in the steemlinks community, deleted it, and then reposted it as a blog article, but with the same title/URL. I seem to remember reading a bug to that effect in the steemit github site a while back.

yeah...I have experienced that once with my post in the crypto academy community.

I edited and switched up the tags ..and it worked fine.

Good idea. Thanks! I just flipped two of the tags and now it's visible.

Yeah... I see it too.

It is nice to see the tag filling up with some stimulating posts, and new commenters are coming out of everywhere! I'm starting to use the <25% option more often, as certain commenters need to demonstrate that they are being genuine. It is always nice to get replies, but a penny for your thoughts on the topic at hand, please! Ha ha!

on the topic at hand, please! Ha ha!

Exactly! I've been making more use of <25% votes, too. And also varying the>25% vote weights more in order to try to get the most relevant replies to show up near the top of the list.

Looks like we're on the same page, Bro! I'm doing the same. I'm still reflecting a lot on the Membership issue for Steem Links, but remain indecisive. The potential for abuse is high, and a verification method would be too difficult. The modification of the upvote to 25% has been a big hit with some Members of Italy. Membership in the Italy Community is not easy. I would love to come up with a way to better incorporate penny4thoughts into Steem Links because the fundamental purpose of Steem Links is essentially to build discussions. On another note, I heard it through the grapevine that NFTs could potentially be created for "comments"! That would add some more spice to penny4thoughts!

On another note, I heard it through the grapevine that NFTs could potentially be created for "comments"!

Wow. That's a fascinating concept.

It is good to see that steemit has a new historical maximum, I think that this figure will continue to increase gradually.

That is synonymous with the fact that in recent weeks people trust and feel safe when doing Powered Up. Thank you for sharing those graphics.

I am seeing that steem power is Constantly rising. That is very good moment for steem, steemit platform and also people related to steem or steemit.

Glad to know that, the amount and value of powered up STEEM is increasing. Thank you.

Hi @remlaps-lite ,Your graphs help to understand your approach, the sbd for example shows the propulsion of descent, others show a bit of stability, as a friend says that is practically all day in front of the computer doing trading, the graphs don't lie :)

Hi, @lupega, thanks for the reply.

I am glad that the graphs are helpful for your understanding. Personally, beyond token price alone, I definitely feel like I've gained some understanding of the state of the blockchain during the 4 months that I've been tracking this data.

I also agree with your friend that "the graphs don't lie." ;-)

At the rate at which Steem value continues to rise, it is likely to cross $100 million on next month.

Between the up-trend in price and the up-trend in STEEM being powered up, you may be right. Hopefully the market doesn't reverse course again.

I am expecting to do more power about minimum 300, i am saving money to buy steem.

It is another good news for us. I am also thinking about powering up more steem coin.

This post has been featured in the latest edition of Steem News...

We should thanks @stephenkendal for his #promo-steem project where he is promoting #steem all over the world and trying to join new members and investors in #steemit. I think his project is helping on increasing powered up STEEM tokens and STEEM market cap.

the more you can grow your power the more you earn from here.

It s great

As expected, Steem value will increase further and it will break all previous records.

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