Steem (STEEM) Price Tops $0.30 on Major Exchanges

Steem (STEEM) traded 6.9% higher against the US dollar during the twenty-four hour period ending at 17:00 PM Eastern on April 30th. One Steem coin can currently be bought for $0.30 or 0.00000492 BTC on popular exchanges. Steem has a total market cap of $136.48 million and approximately $83.90 million worth of Steem was traded on exchanges in the last 24 hours. Over the last seven days, Steem has traded down 9.5% against the US dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 4.5% lower against the dollar and now trades at $60,149.19 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 5.9% against the dollar and now trades at $0.13 or 0.00000220 BTC.
• Bitcoin Cash (BCH) traded 6.1% lower against the dollar and now trades at $431.42 or 0.00717246 BTC.
• Litecoin (LTC) traded 4.1% lower against the dollar and now trades at $78.94 or 0.00131234 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $5.86 or 0.00009736 BTC.
• Ethereum Classic (ETC) traded down 6.8% against the dollar and now trades at $25.28 or 0.00042035 BTC.
• Monero (XMR) traded down 3.6% against the dollar and now trades at $119.45 or 0.00198590 BTC.
• Arweave (AR) traded 10.3% lower against the dollar and now trades at $31.01 or 0.00051556 BTC.
• Bitcoin SV (BSV) traded down 6.3% against the dollar and now trades at $60.13 or 0.00099973 BTC.
• eCash (XEC) traded down 4.4% against the dollar and now trades at $0.0000 or 0.00000000 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 460,901,557 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. 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 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 possible to purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, 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