Steem (STEEM) Trading 2.1% Lower This Week

Steem (STEEM) traded up 0.8% against the US dollar during the one day period ending at 18:00 PM E.T. on May 24th. During the last seven days, Steem has traded down 2.1% against the US dollar. Steem has a market cap of $126.99 million and $2.16 million worth of Steem was traded on exchanges in the last day. One Steem coin can now be purchased for $0.27 or 0.00000399 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded up 1.6% against the dollar and now trades at $68,875.29 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.4% higher against the dollar and now trades at $0.16 or 0.00000237 BTC.
• Bitcoin Cash (BCH) traded up 1.5% against the dollar and now trades at $497.35 or 0.00722108 BTC.
• Litecoin (LTC) traded up 0.4% against the dollar and now trades at $85.16 or 0.00123645 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $5.98 or 0.00008685 BTC.
• Ethereum Classic (ETC) traded down 4% against the dollar and now trades at $31.73 or 0.00046065 BTC.
• Arweave (AR) traded down 1.8% against the dollar and now trades at $40.68 or 0.00059070 BTC.
• Monero (XMR) traded 0.5% higher against the dollar and now trades at $141.70 or 0.00205733 BTC.
• Bitcoin SV (BSV) traded 1.8% lower against the dollar and now trades at $62.85 or 0.00091249 BTC.
• eCash (XEC) traded 0.7% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Steem Coin Profile

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 462,575,031 coins. The official message board for Steem is steemit.com/@steemitblog. 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. Steem’s official Twitter account is @steemit and its Facebook page is accessible 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 US dollars. Investors seeking to trade Steem should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase 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