Steem Price Hits $0.22 on Top Exchanges (STEEM)

Steem (STEEM) traded 0.5% lower against the US dollar during the 1-day period ending at 23:00 PM Eastern on June 15th. During the last week, Steem has traded 5.9% lower against the US dollar. One Steem coin can now be purchased for approximately $0.22 or 0.00000340 BTC on exchanges. Steem has a market cap of $104.32 million and approximately $887,119.29 worth of Steem was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 0.2% against the dollar and now trades at $66,091.74 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.2% lower against the dollar and now trades at $0.14 or 0.00000205 BTC.
• Bitcoin Cash (BCH) traded up 0.9% against the dollar and now trades at $429.68 or 0.00649971 BTC.
• Litecoin (LTC) traded up 2.2% against the dollar and now trades at $79.65 or 0.00120487 BTC.
• UNUS SED LEO (LEO) traded 2.8% higher against the dollar and now trades at $5.91 or 0.00008934 BTC.
• Ethereum Classic (ETC) traded 1.3% higher against the dollar and now trades at $25.40 or 0.00038423 BTC.
• Monero (XMR) traded 2.2% higher against the dollar and now trades at $173.71 or 0.00262769 BTC.
• Arweave (AR) traded down 1.8% against the dollar and now trades at $28.06 or 0.00042448 BTC.
• Bitcoin SV (BSV) traded down 0.3% against the dollar and now trades at $49.34 or 0.00074637 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

Steem (CRYPTO: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 464,227,871 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official message board is steemit.com/@steemitblog. Steem’s official website 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.”

Buying and Selling Steem

It is usually not possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView