It has been about 5 days since the first ever SPUDay on May 1st, 2019. In my opinion it was a huge success and the support given to this initiative by the Steem community was amazing. Steemians rallied as STEEM POWER UP DAY approached, and what was a small snowball grew into a bigger snowball, and then an Avalanche of Steemian Support. Truly something to behold.
Many Steemians have asked for stat numbers to help give them an idea of what kind of effect SPUD had overall on Steem. Since there are much bigger outside forces, in general, in the crypto-trading-world, the Steem price did not reflect the success of SPUD. Yet as I posted in a prior article, SPUD did have a small but measurable effect on Steem price around the days of SPUD. Now, here again, are some numbers provided by @penguinpablo in regards to the Steem network. This time it is weekly Steem stats, with SPUD happening on the 17th week.
According to these numbers, we do see that Power Downs have been continually out numbering Power Ups. Starting at the bottom of the stats, we see that week 12 had the biggest deficit with a negative -743,755 Steem. The following weeks were slightly better but Power Downs were still severely out numbering Power Ups, with Week 15 still ending with a loss of -678, 055 in Steem Power. Then, as SPUD approached, we start to see a big change in the numbers with Week 16 showing a negative loss of Steem Power at -294,907 STEEM. For the Week of SPUD the numbers improved slightly more with a loss of Steem Power coming in at -260,747.
Could the Power Down out numbering Power Ups trend be about to change or reverse itself?
Could this chart, that I have now posted 3 times (hint hint), tell us something about what could be happening in the next day or two? (answer this one correctly get a 100% up vote)
Full Steem Ahead!
05/06/19
@streetstyle
Charts and stats by @penguinpablo
