Steem Hits 1-Day Volume of $5.23 Million (STEEM)

Steem (STEEM) traded up 1.2% against the dollar during the 1-day period ending at 20:00 PM ET on May 8th. Steem has a market capitalization of $129.25 million and approximately $5.23 million worth of Steem was traded on exchanges in the last day. In the last seven days, Steem has traded down 7.8% against the dollar. One Steem coin can currently be bought for approximately $0.28 or 0.00000457 BTC on major cryptocurrency exchanges.

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

• Bitcoin (BTC) traded down 1.8% against the dollar and now trades at $61,343.41 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4% lower against the dollar and now trades at $0.14 or 0.00000235 BTC.
• Bitcoin Cash (BCH) traded 4% lower against the dollar and now trades at $449.56 or 0.00732860 BTC.
• Litecoin (LTC) traded up 1.5% against the dollar and now trades at $81.79 or 0.00133335 BTC.
• UNUS SED LEO (LEO) traded up 1.4% against the dollar and now trades at $5.93 or 0.00009669 BTC.
• Ethereum Classic (ETC) traded up 0.2% against the dollar and now trades at $27.12 or 0.00044210 BTC.
• Arweave (AR) traded down 1% against the dollar and now trades at $37.90 or 0.00061790 BTC.
• Monero (XMR) traded up 3.6% against the dollar and now trades at $132.19 or 0.00215500 BTC.
• Bitcoin SV (BSV) traded 1.8% lower against the dollar and now trades at $62.15 or 0.00101310 BTC.
• eCash (XEC) traded 2.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Steem

Steem (STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its launch date was March 24th, 2016. Steem’s total supply is 461,438,563 coins. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official website is steem.com. 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.

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 currently possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView