Steemit vs Hive Price & Volume Comparison

in #volume8 days ago

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Hi,

Here is the Weekly Analysis Report Regarding Steem Price and the Trading Volume in last week.

I don’t think to go into more detail. Since the Hive Platform is a split of Steemit and that platform is also going well, I thought it’s good to have a comparison between trading volumes in both Platforms also.

First, let’s Look into the Price variation of Steem & Hive Last week.

Steem Price Variation Within Last Week

DateOpenClose
11/8/2024$0.175N/A
11/7/2024$0.172$0.175
11/6/2024$0.157$0.172
11/5/2024$0.150$0.157
11/4/2024$0.154$0.150
11/3/2024$0.159$0.154
11/2/2024$0.162$0.159
11/1/2024$0.163$0.162

Hive Price Variation Within Last Week

DateOpenClose
11/8/2024$0.188N/A
11/7/2024$0.185$0.188
11/6/2024$0.172$0.185
11/5/2024$0.166$0.172
11/4/2024$0.170$0.166
11/3/2024$0.174$0.170
11/2/2024$0.177$0.174
11/1/2024$0.182$0.177

So, let’s see this data through a Graph. (For the graph, I will use the Open Prices of Both coins)

image.png

Now Let’s Move into the trading volumes of Each coin within the last week.

Steem Trading Volume Variation Within Last Week

DateTrading Volume
11/8/2024$20,854,459
11/7/2024$28,342,015
11/6/2024$17,938,643
11/5/2024$15,686,236
11/4/2024$17,393,860
11/3/2024$11,845,733
11/2/2024$18,525,781
11/1/2024$15,826,006

Hive Trading Volume Variation Within Last Week

DateVolume
11/8/2024$3,614,906
11/7/2024$2,680,501
11/6/2024$1,215,622
11/5/2024$1,490,802
11/4/2024$2,214,964
11/3/2024$1,139,094
11/2/2024$1,860,262
11/1/2024$1,609,486

Now for comparison, Let’s See these data from a chart.

image.png

Steem to Hive Ratio

The y-axis represents the ratio, which is the price of Steem divided by the price of Hive. A ratio of 1 mean that Steem and Hive have the same price.

This is Daily Steem To Hive Ration through out the Past week. And Steem Price has gradually increased over the past week.

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DateSteemHiveSteem: Hive Ratio
11/8/2024$0.175$0.1880.934
11/7/2024$0.172$0.1850.928
11/6/2024$0.157$0.1720.912
11/5/2024$0.150$0.1660.899
11/4/2024$0.154$0.1700.903
11/3/2024$0.159$0.1740.912
11/2/2024$0.162$0.1770.915
11/1/2024$0.163$0.1820.897

Thank You.

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