How could be the volume more than marketcap ? by clixmoney

View this thread on: hive.blog | peakd.com | ecency.com

hive-177976 · @clixmoney · Mar 20 '20 (edited)

$4.48

How could be the volume more than marketcap ?

I was cheching the price of steem in coinmarketcap as usual and I found an interesting thing there. 

The volume during 24 hours is more than the matketcap. 

How it could be even possible ? 

Look at this : 

![PhotoPictureResizer_200320_020518532_crop_1080x369.jpg](https://cdn.steemitimages.com/DQmdQWu6G3GsvNnJBNQ1qNBt9qT7QWZ6MHTeBC3hmZDearc/PhotoPictureResizer_200320_020518532_crop_1080x369.jpg)

$158 million during 24 hours, but all the money invested in steem is $111 million. 

Is that fake ? 

I already shared once that coinmarketcap faked some numbers before. But I'm not sure that they are doing that with steem now. 

Can you explain ? Maybe there something I don't know. 

Could Justin doing something to pump the price and then after the the fork change the power down to 3 days or even one day and just earn profit from all this. 

I see the price of steem more than doubled.

👍 kpine, xpilar, reflektor, ruinedfuture232, hingsten, smartvote, bippe, penguinpablo, project.hope, lorenzopistolesi, kapitanrejven, ninjavideo, dexpartacus, jesusjacr, qurator, bigpower, ew-and-patterns, indigoocean, cryptonized, xyz004, sugandhaseth, binkyprod, joeparys, discernente, builderofcastles, teamvn, ayjoe, smolalit, pisolutionsmru, lrcconsult, marina007, gforce-x, geetasnani, yestermorrow, g4fun, royfletcher, edgarare1, rosepac, sharkstudio, bitcoinxcheltv, wayo, artenoigual, earthworld, leir, cvcalasancias, statsexpert, qustodian, majes.tytyty, guruvaj, neolifex, bdqst, gmlgang, roime, cryptanjoman, lifetoday, techken, aung, mascott

`author`	clixmoney
`permlink`	how-could-be-the-volume-more-than-marketcap
`category`	hive-177976
`json_metadata`	{"tags":["steem","trading","crypto","investment","money"],"image":["https://cdn.steemitimages.com/DQmdQWu6G3GsvNnJBNQ1qNBt9qT7QWZ6MHTeBC3hmZDearc/PhotoPictureResizer_200320_020518532_crop_1080x369.jpg"],"app":"steemit/0.2","format":"markdown"}
`created`	2020-03-19 23:16:51
`last_update`	2020-03-20 08:28:15
`depth`	0
`children`	4
`last_payout`	2020-03-26 23:16:51
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	2.314 HBD
`curator_payout_value`	2.164 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	893
`author_reputation`	707,626,357,998,253
`root_title`	"How could be the volume more than marketcap ?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	96,503,846
`net_rshares`	14,276,978,282,258
`author_curate_reward`	""

properties (23)vote details (58)

voter	rshares	pct
smolalit	16,990,052,018	27%
xpilar	1,333,583,229,507	15%
kpine	8,062,349,464,561	25%
penguinpablo	407,739,059,073	8%
marina007	11,757,196,284	36%
discernente	21,469,978,012	2.5%
builderofcastles	20,183,444,885	25%
ew-and-patterns	40,492,962,818	2%
techken	140,764,232	0.8%
dexpartacus	116,610,640,266	100%
pisolutionsmru	14,497,992,596	50%
binkyprod	25,265,485,055	50%
aung	95,186,773	20%
geetasnani	8,914,463,388	100%
joeparys	23,882,517,786	25%
leir	2,348,128,133	50%
majes.tytyty	997,013,313	0.09%
qurator	46,620,464,365	0.48%
qustodian	1,446,636,865	0.48%
guruvaj	903,701,929	1.75%
cryptonized	36,266,428,152	8%
jesusjacr	52,139,017,244	15%
royfletcher	4,220,470,653	100%
g4fun	7,956,541,053	25%
lifetoday	319,336,637	100%
sugandhaseth	26,036,203,651	100%
statsexpert	1,826,464,181	20%
lorenzopistolesi	230,460,099,097	100%
indigoocean	40,108,867,816	20%
gmlgang	548,096,272	100%
mascott	0	100%
rosepac	3,690,457,282	100%
bdqst	592,232,719	100%
bigpower	46,320,528,470	15%
yestermorrow	8,628,276,639	31%
teamvn	19,001,544,538	39.03%
smartvote	476,995,796,655	6%
ninjavideo	198,520,332,454	100%
kapitanrejven	230,162,788,859	100%
cryptanjoman	539,841,620	100%
roime	546,214,405	100%
bitcoinxcheltv	2,739,939,563	10%
edgarare1	3,995,713,495	7.5%
reflektor	922,671,929,977	15%
bippe	448,345,010,110	15%
hingsten	492,762,133,634	15%
gforce-x	9,971,269,223	100%
ruinedfuture232	497,556,620,173	100%
ayjoe	17,361,247,960	100%
xyz004	33,260,213,851	25%
sharkstudio	3,505,827,060	100%
lrcconsult	13,531,644,565	15%
project.hope	279,718,332,508	2.5%
cvcalasancias	2,149,518,475	100%
neolifex	675,529,394	100%
wayo	2,610,826,255	25%
artenoigual	2,562,562,433	100%
earthworld	2,392,043,326	30%

@ayjoe · Mar 20 '20

wao

👎 steemcleaner

`author`	ayjoe
`permlink`	re-clixmoney-q7gvjb
`category`	hive-177976
`json_metadata`	{"tags":["hive-177976"],"app":"steempeak/2020.03.6"}
`created`	2020-03-20 00:47:39
`last_update`	2020-03-20 00:47:39
`depth`	1
`children`	0
`last_payout`	2020-03-27 00:47:39
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	3
`author_reputation`	3,985,428,398,656
`root_title`	"How could be the volume more than marketcap ?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	96,505,373
`net_rshares`	-13,739,191
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
steemcleaner	0 B		-13,739,191	-0.08%

@indigoocean · Mar 19 '20

I posted about the same thing earlier today. I can only chock it up to one coin being traded so many times that even just the 25% of STEEM actually liquid right now can be traded enough times to be more than the entire market cap. Who would be doing all this trading? Well looks like Koreans are buying like crazy. 70% of the volume is in KRW.

👍 cryptanjoman

`author`	indigoocean
`permlink`	re-clixmoney-q7grh9
`category`	hive-177976
`json_metadata`	{"tags":["hive-177976"],"app":"steempeak/2020.03.6"}
`created`	2020-03-19 23:19:57
`last_update`	2020-03-19 23:19:57
`depth`	1
`children`	2
`last_payout`	2020-03-26 23:19:57
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	343
`author_reputation`	83,283,947,872,393
`root_title`	"How could be the volume more than marketcap ?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	96,503,901
`net_rshares`	551,453,005
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
cryptanjoman	0 B		551,453,005	100%

@clixmoney · Mar 19 '20

Ah, I understand now. So, they count all the traded money from both sides. Maybe that's the reason. I thought they mean the money invested in the coin in that period of time.

properties (22)

`author`	clixmoney
`permlink`	q7grmz
`category`	hive-177976
`json_metadata`	{"app":"steemit/0.2"}
`created`	2020-03-19 23:25:21
`last_update`	2020-03-19 23:25:21
`depth`	2
`children`	0
`last_payout`	2020-03-26 23:25:21
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	174
`author_reputation`	707,626,357,998,253
`root_title`	"How could be the volume more than marketcap ?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	96,503,998
`net_rshares`	0

@cryptanjoman · Mar 20 '20

good question and good answer!  In stock lingo, I believe they call this 'turning the float'.  This happens when the float (shares available to the market) is exeeded by the number of shares (coins) traded.

properties (22)