Steem Price Down 1.5% This Week (STEEM)

Steem (STEEM) traded down 1.1% against the dollar during the 1-day period ending at 10:00 AM ET on September 18th. One Steem coin can currently be bought for approximately $0.16 or 0.00000273 BTC on major cryptocurrency exchanges. In the last seven days, Steem has traded down 1.5% against the dollar. Steem has a market capitalization of $76.70 million and approximately $17.99 million worth of Steem was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 1.4% against the dollar and now trades at $59,417.44 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.4% lower against the dollar and now trades at $0.10 or 0.00000169 BTC.
• Bitcoin Cash (BCH) traded 2.1% lower against the dollar and now trades at $308.60 or 0.00518735 BTC.
• UNUS SED LEO (LEO) traded down 1.4% against the dollar and now trades at $5.60 or 0.00009417 BTC.
• Litecoin (LTC) traded down 0.4% against the dollar and now trades at $62.68 or 0.00105362 BTC.
• Monero (XMR) traded up 0.2% against the dollar and now trades at $171.65 or 0.00288540 BTC.
• Ethereum Classic (ETC) traded down 1.9% against the dollar and now trades at $17.53 or 0.00029473 BTC.
• Arweave (AR) traded down 4% against the dollar and now trades at $18.04 or 0.00030329 BTC.
• Bitcoin SV (BSV) traded 3.2% lower against the dollar and now trades at $45.35 or 0.00076239 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Steem

Steem (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 471,711,792 coins. The official message board for Steem is steemit.com/@steemitblog. 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. 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 buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView