Steem Price Hits $0.16 on Exchanges (STEEM)

Steem (STEEM) traded down 7.7% against the dollar during the 1 day period ending at 10:00 AM E.T. on October 26th. Steem has a market capitalization of $75.87 million and $22.42 million worth of Steem was traded on exchanges in the last 24 hours. During the last week, Steem has traded 12.2% lower against the dollar. One Steem coin can currently be purchased for about $0.16 or 0.00000239 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 2.8% against the dollar and now trades at $66,734.54 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.4% against the dollar and now trades at $0.13 or 0.00000200 BTC.
• Bitcoin Cash (BCH) traded down 6.2% against the dollar and now trades at $348.84 or 0.00522483 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $5.99 or 0.00008974 BTC.
• Litecoin (LTC) traded 4.9% lower against the dollar and now trades at $68.50 or 0.00102601 BTC.
• Monero (XMR) traded down 0.1% against the dollar and now trades at $158.06 or 0.00236740 BTC.
• Ethereum Classic (ETC) traded 6.3% lower against the dollar and now trades at $18.13 or 0.00027154 BTC.
• Arweave (AR) traded 13.4% lower against the dollar and now trades at $15.95 or 0.00023897 BTC.
• Bitcoin SV (BSV) traded down 7.2% against the dollar and now trades at $45.13 or 0.00067591 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem (STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its genesis date was March 24th, 2016. Steem’s total supply is 474,724,282 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 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