Steem (STEEM) Reaches Market Cap of $105.41 Million

Steem (STEEM) traded down 0% against the U.S. dollar during the one day period ending at 18:00 PM Eastern on June 15th. One Steem coin can currently be bought for about $0.23 or 0.00000344 BTC on cryptocurrency exchanges. Steem has a market cap of $105.41 million and $917,671.72 worth of Steem was traded on exchanges in the last 24 hours. During the last seven days, Steem has traded down 4.5% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded up 0.1% against the dollar and now trades at $66,089.34 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.6% against the dollar and now trades at $0.14 or 0.00000207 BTC.
• Bitcoin Cash (BCH) traded up 2% against the dollar and now trades at $430.00 or 0.00650636 BTC.
• Litecoin (LTC) traded 1.6% higher against the dollar and now trades at $79.14 or 0.00119752 BTC.
• UNUS SED LEO (LEO) traded 3.7% higher against the dollar and now trades at $5.76 or 0.00008714 BTC.
• Ethereum Classic (ETC) traded 1.6% higher against the dollar and now trades at $25.64 or 0.00038793 BTC.
• Monero (XMR) traded up 2.5% against the dollar and now trades at $174.54 or 0.00264098 BTC.
• Arweave (AR) traded 1% lower against the dollar and now trades at $28.64 or 0.00043342 BTC.
• Bitcoin SV (BSV) traded 0.8% higher against the dollar and now trades at $49.74 or 0.00075263 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

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 464,207,992 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. The official website for Steem is steem.com. Steem’s official message board is steemit.com/@steemitblog. 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 currently possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX 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