Steem Hits 24-Hour Trading Volume of $10.67 Million (STEEM)

Steem (STEEM) traded 0.7% lower against the U.S. dollar during the 24 hour period ending at 23:00 PM ET on October 19th. One Steem coin can currently be purchased for about $0.18 or 0.00000266 BTC on major cryptocurrency exchanges. Over the last week, Steem has traded up 1.7% against the U.S. dollar. Steem has a market capitalization of $85.83 million and approximately $10.67 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 0.5% lower against the dollar and now trades at $68,166.64 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.8% lower against the dollar and now trades at $0.14 or 0.00000207 BTC.
• Bitcoin Cash (BCH) traded down 2.1% against the dollar and now trades at $359.29 or 0.00527072 BTC.
• UNUS SED LEO (LEO) traded 0.5% higher against the dollar and now trades at $6.10 or 0.00008951 BTC.
• Litecoin (LTC) traded 1.6% higher against the dollar and now trades at $74.89 or 0.00109862 BTC.
• Monero (XMR) traded down 0.7% against the dollar and now trades at $159.31 or 0.00233702 BTC.
• Ethereum Classic (ETC) traded up 0.8% against the dollar and now trades at $19.67 or 0.00028854 BTC.
• Arweave (AR) traded down 2% against the dollar and now trades at $18.71 or 0.00027447 BTC.
• Bitcoin SV (BSV) traded down 2.3% against the dollar and now trades at $49.99 or 0.00073337 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Steem

Steem (CRYPTO: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 474,215,893 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 Twitter account is @steemit and its Facebook page is accessible here. 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.”

Buying and Selling Steem

It is usually not possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView