Every two weeks or so I like to compare the current power-up statistics and see how we stand.
Here they are:
24 Oktober 2019
|LIQUID STEEM||122,2 million|
Virtual Supply ≈ 365,858,696 STEEM
6 November 2019
|STEEMPOWER||208,0 million (+1,0 million)|
|LIQUID STEEM||122,4 million (+0,2 million)|
|SBD||7,4 million (0 million)|
Virtual Supply ≈ 367,157,866 STEEM
Good numbers this rapport again.
Besides a small increase in the liquid supply of 200k STEEM the amount of powered up STEEM keeps going up every two weeks.
This week it increased with another million.
There is willingness from users to power up their STEEM.
From a little longer timeframe it's even more impressive.
This is the last rapport I made before #newsteem. That's now 81 days ago.
17 August 2019
|LIQUID STEEM||122,6 million|
Virtual Supply ≈ 357,992,426 STEEM
That's 8,5 million STEEM vested since then and a liquid supply that is almost the same.
But I know what you are thinking? If these numbers are so great why is the price so bad.
It's a fair assessment.
Right now we are only 14 places away from falling out of the top 100 on CMC.
What STEEM needs is a little more buyers. That's it. Plain and simple.
From the latest numbers, you can sort of say that the amount of liquid STEEM is stable at 122,5 million over the last 3 months.
There are buyers. Just enough to offset inflation. But there is still a lot of liquid STEEM out there and the volumes are low, it's not a great combination for dollar value.
But STEEM does have a future plan though to attract more buyers, besides speculation, It's RC's (pools).
RC's are one of the main reasons I'm keeping my STEEMPOWER. It's the ultimate powerhouse of the Steem blockchain.
If you believe Steem (the blockchain) will be a success and used by communities and company's around the world (SMT's, Steem-Engine tokens), you know you are sitting on a goldmine.
All of those parties will need RC's (Steempower) and the only way to get those is to lease or buy RC's.
When that happens, the liquid supply of STEEM is meaningless. It will be scooped up so fast like it doesn't exist and it can go fast. I have seen this before.
(I would always recommend having at least an amount of STEEM in your wallet now you are happy for when the price reverses. My target was 200k SP. I have overshot it a little bit since then. )
And none of those companies or communities or investors will care where that STEEM originally came from. Whether It's from a pre-mine, upvoting yourself 10 times a day, circle-jerks, the good old market, blogposts, steemmonster tournaments payouts, good content, bad content ....you name it.
If they need it they will just get it from a market like Dlease.io or buy it off someone that has it.
And I suspect those parties won't use STEEM as a rewarding mechanism, they will just use STEEM for the RC's it provides and use their own token for rewards.
Plain and simple. For me at least.
And of course, if you don't believe this then I would recommend getting rid of it because the future will look a little less bright. Steem ultimately needs bigger players to succeed.
I just read an extremely bullish post by @aggroed about Splinterlands, APPICS just released their own token, Steemfest 4 is around the corner.
I am very much excited about all the presentations there!
Steem is very much alive.
It's going to be a cool week.
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