Steem (STEEM) Hits 1-Day Trading Volume of $17.23 Million

Steem (STEEM) traded down 0% against the dollar during the one day period ending at 12:00 PM Eastern on July 28th. Steem has a market capitalization of $94.21 million and $17.23 million worth of Steem was traded on exchanges in the last day. During the last seven days, Steem has traded down 3% against the dollar. One Steem coin can now be bought for about $0.20 or 0.00000298 BTC on popular exchanges.

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

• Bitcoin (BTC) traded down 1.9% against the dollar and now trades at $67,646.70 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.4% lower against the dollar and now trades at $0.13 or 0.00000192 BTC.
• Bitcoin Cash (BCH) traded 1.6% higher against the dollar and now trades at $402.97 or 0.00595695 BTC.
• UNUS SED LEO (LEO) traded up 0.5% against the dollar and now trades at $5.84 or 0.00008635 BTC.
• Litecoin (LTC) traded 1.7% lower against the dollar and now trades at $70.94 or 0.00104863 BTC.
• Ethereum Classic (ETC) traded 1.7% lower against the dollar and now trades at $22.62 or 0.00033436 BTC.
• Monero (XMR) traded down 0.6% against the dollar and now trades at $163.69 or 0.00241982 BTC.
• Arweave (AR) traded 4.9% lower against the dollar and now trades at $30.54 or 0.00045153 BTC.
• Bitcoin SV (BSV) traded 2.9% lower against the dollar and now trades at $45.01 or 0.00066534 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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 467,593,358 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 possible to purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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