Steem (STEEM) 24 Hour Trading Volume Hits $23.00 Million

Steem (STEEM) traded 3% higher against the dollar during the 24-hour period ending at 8:00 AM E.T. on October 16th. One Steem coin can now be bought for approximately $0.19 or 0.00000274 BTC on exchanges. In the last week, Steem has traded up 2.8% against the dollar. Steem has a market cap of $88.22 million and $23.00 million worth of Steem was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 3.2% higher against the dollar and now trades at $67,959.98 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 11% higher against the dollar and now trades at $0.13 or 0.00000185 BTC.
• Bitcoin Cash (BCH) traded 0.7% higher against the dollar and now trades at $364.35 or 0.00536121 BTC.
• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $6.14 or 0.00009032 BTC.
• Litecoin (LTC) traded up 8.1% against the dollar and now trades at $71.55 or 0.00105289 BTC.
• Ethereum Classic (ETC) traded 3.4% higher against the dollar and now trades at $19.64 or 0.00028902 BTC.
• Monero (XMR) traded 0.1% lower against the dollar and now trades at $154.88 or 0.00227903 BTC.
• Arweave (AR) traded up 1.5% against the dollar and now trades at $19.68 or 0.00028965 BTC.
• Bitcoin SV (BSV) traded up 5.7% against the dollar and now trades at $51.29 or 0.00075478 BTC.
• NyanCoin (NYAN) traded down 2.2% 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. It launched on March 24th, 2016. Steem’s total supply is 473,924,431 coins. Steem’s official website 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 possible to purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView