Steem Hits Market Capitalization of $87.99 Million (STEEM)

Steem (STEEM) traded up 1.8% against the U.S. dollar during the one day period ending at 12:00 PM E.T. on October 20th. Over the last seven days, Steem has traded 6.1% higher against the U.S. dollar. Steem has a market capitalization of $87.99 million and $10.48 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can now be bought for $0.19 or 0.00000271 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 0.8% higher against the dollar and now trades at $68,550.84 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.8% against the dollar and now trades at $0.14 or 0.00000202 BTC.
• Bitcoin Cash (BCH) traded 1.1% higher against the dollar and now trades at $366.72 or 0.00534957 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $6.08 or 0.00008866 BTC.
• Litecoin (LTC) traded down 0.5% against the dollar and now trades at $74.67 or 0.00108922 BTC.
• Ethereum Classic (ETC) traded up 3.3% against the dollar and now trades at $20.07 or 0.00029271 BTC.
• Monero (XMR) traded 0.2% higher against the dollar and now trades at $161.18 or 0.00235119 BTC.
• Arweave (AR) traded 2.6% higher against the dollar and now trades at $19.23 or 0.00028059 BTC.
• Bitcoin SV (BSV) traded 0.8% higher against the dollar and now trades at $50.98 or 0.00074372 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. Its launch date was March 24th, 2016. Steem’s total supply is 474,255,571 coins. 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 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 currently possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to trade Steem should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. 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