Steem (STEEM) Trading 1.1% Lower Over Last Week

Steem (STEEM) traded up 9.9% against the dollar during the one day period ending at 18:00 PM Eastern on November 6th. In the last week, Steem has traded down 1.1% against the dollar. One Steem coin can currently be purchased for approximately $0.17 or 0.00000228 BTC on popular exchanges. Steem has a market cap of $82.09 million and approximately $28.19 million worth of Steem was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 9% higher against the dollar and now trades at $75,680.79 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 15.6% higher against the dollar and now trades at $0.20 or 0.00000262 BTC.
• Bitcoin Cash (BCH) traded up 10.3% against the dollar and now trades at $379.47 or 0.00501410 BTC.
• UNUS SED LEO (LEO) traded up 0.6% against the dollar and now trades at $6.08 or 0.00008035 BTC.
• Litecoin (LTC) traded up 7.9% against the dollar and now trades at $71.41 or 0.00094363 BTC.
• Monero (XMR) traded up 1.6% against the dollar and now trades at $161.40 or 0.00213264 BTC.
• Ethereum Classic (ETC) traded 7.6% higher against the dollar and now trades at $19.65 or 0.00025970 BTC.
• Arweave (AR) traded 16.9% higher against the dollar and now trades at $16.06 or 0.00021218 BTC.
• Bitcoin SV (BSV) traded 9.7% higher against the dollar and now trades at $51.58 or 0.00068149 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its genesis date was March 24th, 2016. Steem’s total supply is 475,629,760 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 presently possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to trade Steem should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView