Steem Price Up 17.5% Over Last Week (STEEM)

Steem (STEEM) traded 4.9% higher against the U.S. dollar during the 24 hour period ending at 8:00 AM E.T. on March 29th. Steem has a market capitalization of $168.02 million and $13.51 million worth of Steem was traded on exchanges in the last day. In the last week, Steem has traded up 17.5% against the U.S. dollar. One Steem coin can currently be purchased for approximately $0.37 or 0.00000522 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 0.9% lower against the dollar and now trades at $70,130.79 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.4% lower against the dollar and now trades at $0.21 or 0.00000305 BTC.
• Bitcoin Cash (BCH) traded up 11.4% against the dollar and now trades at $633.12 or 0.00902770 BTC.
• Litecoin (LTC) traded up 8.4% against the dollar and now trades at $103.44 or 0.00147499 BTC.
• UNUS SED LEO (LEO) traded 0.1% higher against the dollar and now trades at $6.07 or 0.00008656 BTC.
• Ethereum Classic (ETC) traded 8.2% higher against the dollar and now trades at $34.74 or 0.00049543 BTC.
• Arweave (AR) traded down 3% against the dollar and now trades at $41.42 or 0.00059060 BTC.
• Monero (XMR) traded down 1.2% against the dollar and now trades at $135.15 or 0.00192714 BTC.
• Bitcoin SV (BSV) traded 8.2% higher against the dollar and now trades at $100.67 or 0.00143542 BTC.
• Conflux (CFX) traded up 2.1% against the dollar and now trades at $0.48 or 0.00000684 BTC.

Steem Coin Profile

Steem (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 458,720,393 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. Steem’s official website is steem.com. The official message board for Steem 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 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 Gemini, Changelly or GDAX. 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