Steem Price Reaches $0.16 on Top Exchanges (STEEM)

Steem (STEEM) traded up 4.9% against the US dollar during the 1-day period ending at 17:00 PM ET on November 5th. Over the last seven days, Steem has traded down 9.8% against the US dollar. One Steem coin can currently be bought for $0.16 or 0.00000225 BTC on major exchanges. Steem has a total market capitalization of $74.29 million and $17.59 million worth of Steem was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 3.1% against the dollar and now trades at $69,540.51 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 9.3% against the dollar and now trades at $0.17 or 0.00000243 BTC.
• Bitcoin Cash (BCH) traded up 4.8% against the dollar and now trades at $342.98 or 0.00493208 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $6.05 or 0.00008694 BTC.
• Litecoin (LTC) traded 1.5% higher against the dollar and now trades at $66.17 or 0.00095156 BTC.
• Monero (XMR) traded 0.3% lower against the dollar and now trades at $158.74 or 0.00228272 BTC.
• Ethereum Classic (ETC) traded 3.8% higher against the dollar and now trades at $18.20 or 0.00026179 BTC.
• Bitcoin SV (BSV) traded 4.6% higher against the dollar and now trades at $47.02 or 0.00067617 BTC.
• Arweave (AR) traded up 6.6% against the dollar and now trades at $13.65 or 0.00019627 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 475,545,632 coins. 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. The official website for Steem is steem.com.

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.”

Steem Coin Trading

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 Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView