Steem (STEEM) Hits Market Capitalization of $77.24 Million

Steem (STEEM) traded down 0.3% against the US dollar during the 24-hour period ending at 17:00 PM E.T. on November 1st. One Steem coin can now be purchased for approximately $0.16 or 0.00000235 BTC on cryptocurrency exchanges. Steem has a total market capitalization of $77.24 million and $18.23 million worth of Steem was traded on exchanges in the last day. During the last seven days, Steem has traded 3.7% lower against the US dollar.

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

• Bitcoin (BTC) traded down 0.8% against the dollar and now trades at $69,188.86 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.8% against the dollar and now trades at $0.16 or 0.00000232 BTC.
• Bitcoin Cash (BCH) traded 1.1% lower against the dollar and now trades at $348.41 or 0.00503571 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $6.06 or 0.00008751 BTC.
• Litecoin (LTC) traded 2.8% higher against the dollar and now trades at $70.44 or 0.00101813 BTC.
• Monero (XMR) traded 0.1% lower against the dollar and now trades at $156.01 or 0.00225482 BTC.
• Ethereum Classic (ETC) traded up 0.6% against the dollar and now trades at $18.54 or 0.00026802 BTC.
• Bitcoin SV (BSV) traded 1.4% lower against the dollar and now trades at $50.10 or 0.00072408 BTC.
• Arweave (AR) traded 3.4% lower against the dollar and now trades at $14.78 or 0.00021358 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Steem

Steem is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It was first traded on March 24th, 2016. Steem’s total supply is 475,224,350 coins. The official website for Steem is steem.com. The official message board for Steem is steemit.com/@steemitblog. 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 presently 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, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView