Steem (STEEM) Reaches 1-Day Volume of $5.00 Million

Steem (STEEM) traded 1.3% higher against the U.S. dollar during the 24 hour period ending at 17:00 PM ET on July 10th. One Steem coin can now be bought for $0.18 or 0.00000315 BTC on cryptocurrency exchanges. During the last week, Steem has traded 3.4% lower against the U.S. dollar. Steem has a market capitalization of $84.15 million and approximately $5.00 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0.6% lower against the dollar and now trades at $57,384.21 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0% lower against the dollar and now trades at $0.11 or 0.00000188 BTC.
• Bitcoin Cash (BCH) traded 1.1% higher against the dollar and now trades at $337.59 or 0.00589147 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $5.81 or 0.00010137 BTC.
• Litecoin (LTC) traded 1.4% higher against the dollar and now trades at $66.60 or 0.00116231 BTC.
• Ethereum Classic (ETC) traded up 0.9% against the dollar and now trades at $20.95 or 0.00036567 BTC.
• Monero (XMR) traded 1.6% higher against the dollar and now trades at $157.34 or 0.00274575 BTC.
• Arweave (AR) traded 0.3% lower against the dollar and now trades at $22.59 or 0.00039417 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 1% higher against the dollar and now trades at $37.62 or 0.00065644 BTC.

Steem 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 466,186,022 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 message board 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.”

Buying and Selling Steem

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

STEEM/USD price chart by TradingView