Steem Trading 2.6% Lower This Week (STEEM)

Steem (STEEM) traded down 0.2% against the U.S. dollar during the one day period ending at 9:00 AM E.T. on October 25th. One Steem coin can currently be purchased for about $0.17 or 0.00000253 BTC on popular exchanges. Steem has a market cap of $81.86 million and approximately $15.53 million worth of Steem was traded on exchanges in the last day. In the last week, Steem has traded down 2.6% against the U.S. dollar.

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

• Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $68,116.94 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.7% lower against the dollar and now trades at $0.14 or 0.00000204 BTC.
• Bitcoin Cash (BCH) traded up 4.6% against the dollar and now trades at $371.96 or 0.00546231 BTC.
• UNUS SED LEO (LEO) traded down 1.3% against the dollar and now trades at $6.07 or 0.00008911 BTC.
• Litecoin (LTC) traded up 3.2% against the dollar and now trades at $71.91 or 0.00105598 BTC.
• Monero (XMR) traded 0.3% higher against the dollar and now trades at $157.53 or 0.00231344 BTC.
• Ethereum Classic (ETC) traded 2.8% higher against the dollar and now trades at $19.19 or 0.00028182 BTC.
• Arweave (AR) traded 0.8% higher against the dollar and now trades at $18.25 or 0.00026795 BTC.
• Bitcoin SV (BSV) traded up 1.9% against the dollar and now trades at $48.32 or 0.00070963 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

Steem (STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It was first traded on March 24th, 2016. Steem’s total supply is 474,641,719 coins. Steem’s official website is steem.com. 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. 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 presently 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 Gemini, GDAX or Changelly. 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