Steem (STEEM) Price Reaches $0.23 on Exchanges

Steem (STEEM) traded 0% lower against the dollar during the 1 day period ending at 11:00 AM ET on June 16th. Steem has a total market capitalization of $105.86 million and $1.09 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can now be purchased for approximately $0.23 or 0.00000342 BTC on popular exchanges. Over the last week, Steem has traded down 7.2% against the dollar.

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

• Bitcoin (BTC) traded up 0.4% against the dollar and now trades at $66,590.34 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.1% against the dollar and now trades at $0.14 or 0.00000205 BTC.
• Bitcoin Cash (BCH) traded 0.9% higher against the dollar and now trades at $432.89 or 0.00650085 BTC.
• Litecoin (LTC) traded up 0.5% against the dollar and now trades at $79.10 or 0.00118789 BTC.
• UNUS SED LEO (LEO) traded 2.4% higher against the dollar and now trades at $5.86 or 0.00008796 BTC.
• Ethereum Classic (ETC) traded 0.2% higher against the dollar and now trades at $25.49 or 0.00038282 BTC.
• Monero (XMR) traded 1.4% higher against the dollar and now trades at $174.14 or 0.00261515 BTC.
• Arweave (AR) traded down 4% against the dollar and now trades at $28.18 or 0.00042314 BTC.
• Bitcoin SV (BSV) traded down 0.9% against the dollar and now trades at $49.49 or 0.00074316 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

Steem is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its genesis date was March 24th, 2016. Steem’s total supply is 464,264,260 coins. The official website for Steem is steem.com. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. 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.

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 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 Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView