Steem Price Down 3.3% Over Last 7 Days (STEEM)

Steem (STEEM) traded 0.7% lower against the US dollar during the one day period ending at 20:00 PM Eastern on October 22nd. One Steem coin can currently be bought for $0.18 or 0.00000268 BTC on major exchanges. In the last week, Steem has traded down 3.3% against the US dollar. Steem has a market cap of $85.82 million and approximately $17.33 million worth of Steem was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 0% lower against the dollar and now trades at $67,446.91 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.6% lower against the dollar and now trades at $0.14 or 0.00000207 BTC.
• Bitcoin Cash (BCH) traded 1.6% lower against the dollar and now trades at $357.88 or 0.00530605 BTC.
• UNUS SED LEO (LEO) traded 1.7% lower against the dollar and now trades at $5.99 or 0.00008874 BTC.
• Litecoin (LTC) traded down 1% against the dollar and now trades at $69.94 or 0.00103699 BTC.
• Monero (XMR) traded up 1.5% against the dollar and now trades at $157.36 or 0.00233317 BTC.
• Ethereum Classic (ETC) traded 1.9% lower against the dollar and now trades at $19.05 or 0.00028250 BTC.
• Arweave (AR) traded down 0.1% against the dollar and now trades at $18.50 or 0.00027424 BTC.
• Bitcoin SV (BSV) traded down 1.7% against the dollar and now trades at $48.39 or 0.00071752 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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. It launched on March 24th, 2016. Steem’s total supply is 474,439,919 coins. Steem’s official message board is steemit.com/@steemitblog. The official website for Steem is steem.com. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here.

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 purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to trade Steem should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView