Yields, Risks, Liquidity. These are the three most important factors investors are weighting if they want to invest. Yield is mostly incalculable, unpredictable in the case of cryptocurrencies. (Between –100% and +one million percent, perhaps?) Risks are very high, that indicates also the famously high volatility (the range of variation, the oscillation of the prices).
Can you cash out without losses?
But today let’s speak about the third factor, liquidity. That means, if and how you can make your investment liquid. With other words, sell it for cash, or “cash it out”. Questions emerge as if that causes you losses in the price you achieve or losses by fees. If there are buyers at all if selling is a matter of time or can be made instantly.
(Click to view in higher resolution.)
This is different in every market. Some assets can have high fees (like investment funds and trusts), some, high margins between the bid and ask offers (selling and buying prices). Some “illiquid” assets have a scarcity of buyers and that causes long waiting times or price falls if you want to sell considerable volumes of your investment.
Why is volume important?
The market volume is a very important measuring indicator watched closely by millions of investors worldwide. For example, if the price of an asset is jumping without significant volume, the “breakout” can be fake. The price can be only a coincidence. (Maybe nobody wanted to sell and only one person was willing to buy so high.)
(Click to view in higher resolution.)
The volume can indicate if selling or buying pressure is real or false. The direction of the market can be predicted sometimes knowing prices and volumes. If a trend comes with a high volume that means mostly a more serious movement.
21 thousand dollars, on average
So, the volume is important. Let’s see the volume of our new, internal “crypto exchange”, the Steem-Engine market. Here you can find the trading volume of the different tokens in the last 24 hours. That is good news. The bad news, there are no aggregates nor historical data, statistics.
In my spreadsheet, I’m collecting now this data and making queries to know how prices and volumes are evolving. By my estimates, and if the posted data on Steem-Engine.com is adequate, this market had an average daily volume of approximately 21 thousand USD (19 thousand EUR).
We aren’t millionaires, not in USD
In the first chart, you can see the daily volume data I collected and calculated. The numbers vary between 10 and 51 thousand, approximately. The aggregated volume means, volume total of 24 trading days was 534 thousand – more than half a million USA dollars.
In the second chart, you see the daily trading of Steem itself, by data on Coinmarketcap.com, mostly by the information of crypto-exchanges. Of course, it is much more: The volume often reaches one million, the average was 1.15 million in the analyzed 26 days. Approximately 55-fold more than Steem-Engine market volume.
Is SCTM the king?
Finally, let’s see which tokens are most traded, in terms of trading value. In the mentioned time frame, SCTM (SCT miner) was by far the most traded token, with almost 200,000 USD. That is 37 percent of all volume. I don’t know why, but I see there is no special day, or better, there are many. Ultimately, on various days, the volume of SCTM reached 10-20 thousand USD.
Other popular tokens are SCT itself (“steemcoinpan token”), then Dark Energy Crystals (DEC) and Steem Engine Token (ENG). See the table for further data. The table contains all tokens with an aggregated trading value over 10 USD.
Series Steem-Engine tokens reports
1. Do You Still Believe In Your Tokens?
2. Which Token Fell 80 Percent In A Single Day?
Answer my poll please: Which Tribe Has More Future?
About the data:
I’m collecting all token prices from July the 7th on, once a day, approximately at 4-5 p. m. UTC (Coordinated Universal Time). I’m not a robot or developer and I’m not always online, so some delays can happen. The data is so more estimation than an exact recording. Data on July 9 and 15 are completely missing. If somebody knows how to regain this information more precisely from the blockchain please message me.)
Interesting information, I was hoping to see the Beer token up there in your list, but it did not make it!!
Sorry for forgetting BEER, but.... which use cases has this token, please? (I love beer very much. Ich liebe Bier über alles. Me encanta la cerveza.)
It is a token given for free by fairdrop by @beerlover and you can also win some in @detlev #BeerSaturday contest!! It is just for fun basically!! You can buy and trade with it, currently they are busy selling some to raise money for further development. Here is a nice !BEER token for you!! Cheers!!!
Thanks.
To view or trade
BEERgo to steem-engine.com.Hey @deathcross, here is your
BEERtoken. Enjoy it!This is very helpful. I'm flabbergasted that SE doesn't provide these kinds kinds of data points.
You need 5 apps to properly use steem. And that's bad.
Why continue this madness?
Does anybody care about usability? And people are wondering about the price of Steen...
Posted using Partiko Android
Steempeak?
Good to know, now my question is 'what will make the price of Steem go up'? As investors we need some profit.
We're still in too early stages to get a complete perspective about Steem-engine exchange. We need them to fully include EOS tokens, and implement some other features before we can fully grasp the success of failure of that platform.
Interesting
Posted using Partiko iOS
Nice
Posted using Partiko Android
Congratulations @deathcross! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @deathcross!
Your post was mentioned in the Steem Hit Parade in the following category: