Steem Price Down 1.4% Over Last Week (STEEM)

Steem (STEEM) traded up 2.2% against the dollar during the 24 hour period ending at 0:00 AM E.T. on October 29th. One Steem coin can now be bought for about $0.18 or 0.00000243 BTC on exchanges. Steem has a total market capitalization of $83.25 million and $19.65 million worth of Steem was traded on exchanges in the last 24 hours. During the last week, Steem has traded 1.4% lower against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 1.8% higher against the dollar and now trades at $72,268.54 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.6% higher against the dollar and now trades at $0.18 or 0.00000243 BTC.
• Bitcoin Cash (BCH) traded 1.4% lower against the dollar and now trades at $378.87 or 0.00524247 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $6.05 or 0.00008372 BTC.
• Litecoin (LTC) traded up 1.3% against the dollar and now trades at $73.12 or 0.00101174 BTC.
• Monero (XMR) traded down 0% against the dollar and now trades at $163.73 or 0.00226552 BTC.
• Ethereum Classic (ETC) traded up 0.8% against the dollar and now trades at $19.36 or 0.00026788 BTC.
• Arweave (AR) traded up 2% against the dollar and now trades at $16.85 or 0.00023321 BTC.
• Bitcoin SV (BSV) traded 2.8% lower against the dollar and now trades at $51.29 or 0.00070967 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem (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 475,010,491 coins. 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. The official website for Steem is steem.com. 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 currently possible to purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. 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