Steem (STEEM) 24-Hour Volume Tops $10.41 Million

Steem (STEEM) traded up 1.8% against the US dollar during the 24 hour period ending at 18:00 PM ET on October 19th. Over the last week, Steem has traded up 0.9% against the US dollar. One Steem coin can currently be purchased for approximately $0.18 or 0.00000268 BTC on popular exchanges. Steem has a market cap of $86.62 million and approximately $10.41 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0.1% higher against the dollar and now trades at $68,275.52 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.5% against the dollar and now trades at $0.14 or 0.00000208 BTC.
• Bitcoin Cash (BCH) traded 0.5% lower against the dollar and now trades at $364.31 or 0.00533589 BTC.
• Litecoin (LTC) traded 2.5% higher against the dollar and now trades at $75.19 or 0.00110126 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $6.10 or 0.00008936 BTC.
• Monero (XMR) traded 0.8% higher against the dollar and now trades at $160.43 or 0.00234967 BTC.
• Ethereum Classic (ETC) traded up 3.1% against the dollar and now trades at $19.82 or 0.00029036 BTC.
• Arweave (AR) traded down 0.2% against the dollar and now trades at $18.84 or 0.00027598 BTC.
• Bitcoin SV (BSV) traded down 2% against the dollar and now trades at $50.37 or 0.00073767 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About 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 474,195,990 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. The official website for Steem is steem.com. Steem’s official message board is steemit.com/@steemitblog. 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.”

Steem Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase 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