Every two weeks or so I like to compare the current power-up statistics and see how we stand.

Here they are:

---

27 September 2019

---

STEEM	Amount
STEEMPOWER	204,6 million
LIQUID STEEM	121,8 million
SBD	7,6 million

Virtual Supply ≈ 362,637,255 STEEM

10 Oktober 2019

---

STEEM	Amount
STEEMPOWER	206,2 million (+1,6 million)
LIQUID STEEM	121,6 million (-0,2 million)
SBD	7,5 million (-0,1 million)

Virtual Supply ≈ 364,267,370 STEEM

---

The trend that was set in the last report is continuing but with a little less force than before. It's still good though.

The new powerups are great. Another 1.6 million powered up compared to two weeks ago.

The amount of liquid STEEM has gone down, just like last week, but not as much with a little over 0.2 million.

Which is still good and much better than in previous reports were millions were added to the liquid supply but admittedly not as much as I would have wanted.

At this rate, it will take a long time to reduce that liquid supply.

The trend is good though. Let's keep this up.

I do believe that the current STEEM price is helping in all this.

At current STEEM price it does makes sense to powerup, it's relatively affordable.

But it does make me wonder what will happen when the price rises.

People surely want to take some profit and buying STEEM from the market and then change it to SP will be tougher.

Then again, Steem future is probably not in the hands of investors like me. It's so early and it's all high risks and I just don't have the funds to make a dent in anything.

Ultimately we will need companies and businesses with bigger pockets to make a dent.

Currently, STEEM's total market cap is just under 49 million dollars for all the STEEM out there.

37% of that market cap is liquid. So, 18 million dollars (2100 BTC) will buy all the liquid STEEM.

I think that number is so little compared to what Steem is that it painfully shows the lack of demand for STEEM currently.

It's either undervalued right now or I'm just simply living in a dream world.

STEEM's value, in my opinion, will ultimately come from the RC's it provides. But for that to work out Steem needs users and lots of them.

With my more realistic view of things lately, I can only think that this will be a while longer.

It doesn't mean that STEEM can't go up because of market speculation and all that but for the true value to shine it needs more users of the network.

So in the meantime, I just have fun, enjoy myself, curate and make that SP generate a little bit more STEEM for me.

Steem on!

---

---

I am part of witness @blockbrothers.

Please consider us for your witness vote if you think we deserve it here:

---

Vote for @blockbrothers via SteemConnect
Set blockbrothers as your proxy via SteemConnect

---

We are the creators of Steemify a notification app for your Steemit account for iOS.

Get it Here: