Steem (STEEM) Hits Market Capitalization of $80.85 Million

Steem (STEEM) traded 1% lower against the dollar during the 1-day period ending at 20:00 PM E.T. on September 14th. In the last week, Steem has traded 10.3% higher against the dollar. One Steem coin can currently be bought for $0.17 or 0.00000285 BTC on exchanges. Steem has a market capitalization of $80.85 million and approximately $11.82 million worth of Steem was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded down 0.6% against the dollar and now trades at $60,115.08 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1% against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded 2.1% lower against the dollar and now trades at $328.36 or 0.00546224 BTC.
• UNUS SED LEO (LEO) traded 0.6% lower against the dollar and now trades at $5.71 or 0.00009492 BTC.
• Litecoin (LTC) traded 1.7% higher against the dollar and now trades at $66.10 or 0.00109949 BTC.
• Monero (XMR) traded 0.2% lower against the dollar and now trades at $169.70 or 0.00282291 BTC.
• Ethereum Classic (ETC) traded 1.1% lower against the dollar and now trades at $18.63 or 0.00030988 BTC.
• Arweave (AR) traded down 1.5% against the dollar and now trades at $20.02 or 0.00033308 BTC.
• Bitcoin SV (BSV) traded down 0.6% against the dollar and now trades at $48.56 or 0.00080775 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

Steem (CRYPTO:STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its launch date was March 24th, 2016. Steem’s total supply is 471,427,894 coins and its circulating supply is 471,424,565 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official website for Steem is steem.com. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. Steem’s official message board is steemit.com/@steemitblog.

According to CryptoCompare, “Steem (STEEM) is a blockchain-based social media platform that rewards content creators with STEEM tokens. Created by Ned Scott and Dan Larimer, it promotes decentralized content creation and curation, providing an alternative to traditional social media.”

Buying and Selling Steem

It is usually not possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView