Steem Price Down 4.6% This Week (STEEM)

Steem (STEEM) traded 2.9% lower against the US dollar during the 1-day period ending at 21:00 PM E.T. on September 5th. Steem has a total market capitalization of $73.35 million and $11.74 million worth of Steem was traded on exchanges in the last 24 hours. During the last seven days, Steem has traded 4.6% lower against the US dollar. One Steem coin can currently be purchased for $0.16 or 0.00000277 BTC on major exchanges.

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

• Bitcoin (BTC) traded down 3.1% against the dollar and now trades at $56,212.25 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.5% against the dollar and now trades at $0.0985 or 0.00000175 BTC.
• Bitcoin Cash (BCH) traded down 2.7% against the dollar and now trades at $307.13 or 0.00546379 BTC.
• UNUS SED LEO (LEO) traded down 3.9% against the dollar and now trades at $5.51 or 0.00009801 BTC.
• Litecoin (LTC) traded up 1% against the dollar and now trades at $66.52 or 0.00118340 BTC.
• Monero (XMR) traded 1% higher against the dollar and now trades at $172.53 or 0.00306922 BTC.
• Ethereum Classic (ETC) traded 2.6% lower against the dollar and now trades at $17.60 or 0.00031305 BTC.
• Arweave (AR) traded 1.2% lower against the dollar and now trades at $20.99 or 0.00037334 BTC.
• Bitcoin SV (BSV) traded up 0.4% against the dollar and now trades at $45.24 or 0.00080478 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 470,713,894 coins. 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. The official website for Steem is steem.com. The official message board for Steem is steemit.com/@steemitblog.

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 US dollars. Investors seeking to trade Steem should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. 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