Every two weeks or so I like to compare the current power-up statistics and see how we stand.
Here they are:
10 October 2019
| STEEM | Amount |
|---|---|
| STEEMPOWER | 206,2 million |
| LIQUID STEEM | 121,6 million |
| SBD | 7,5 million |
Virtual Supply ≈ 364,267,370 STEEM
24 October 2019
| STEEM | Amount |
|---|---|
| STEEMPOWER | 207,0 million (+0,8 million) |
| LIQUID STEEM | 122,2 million (+0,6 million) |
| SBD | 7,4 million (-0,1 million) |
Virtual Supply ≈ 365,858,696 STEEM
The trend we were in with the liquid supply of STEEM going down has ended.
The amount of liquid STEEM has gone up this rapport with 0,6 million STEEM.
It's not all bad though, another 0,8 million STEEM was powered up too.
Inflation is still correct with almost no SBD conversions going on.
The feed price for optimum conversion is now 20 cents.
Remember that the Feed price is not the same as market value of STEEM.
Feed price is used when converting an SBD to STEEM.
Almost nobody is converting right now because it's pointless at 12 cents STEEM but when STEEM decides to go back up, I hope we blast passed the 20 cents mark and not linger there, otherwise, many more millions of STEEM will be created through conversions.
STEEM price has gone down in USD value with Bitcoin going down.
One small positive is that the Satoshi value of STEEM seems to be stable since the beginning of August.
Around the 1600-1700 sats lvl.
Besides the STEEM price going down, this rapport is pretty decent.
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