Steem Market Capitalization Tops $76.16 Million (STEEM)

Steem (STEEM) traded 1.1% lower against the U.S. dollar during the 24-hour period ending at 22:00 PM E.T. on October 26th. In the last seven days, Steem has traded down 11.6% against the U.S. dollar. One Steem coin can now be purchased for approximately $0.16 or 0.00000240 BTC on exchanges. Steem has a total market capitalization of $76.16 million and $16.85 million worth of Steem was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 0.6% against the dollar and now trades at $66,972.23 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.3% higher against the dollar and now trades at $0.14 or 0.00000206 BTC.
• Bitcoin Cash (BCH) traded down 0.6% against the dollar and now trades at $348.47 or 0.00520314 BTC.
• UNUS SED LEO (LEO) traded up 1.6% against the dollar and now trades at $6.09 or 0.00009090 BTC.
• Litecoin (LTC) traded down 0.8% against the dollar and now trades at $68.21 or 0.00101848 BTC.
• Monero (XMR) traded 2.2% higher against the dollar and now trades at $161.30 or 0.00240848 BTC.
• Ethereum Classic (ETC) traded down 0.5% against the dollar and now trades at $18.15 or 0.00027104 BTC.
• Arweave (AR) traded 1.1% higher against the dollar and now trades at $16.00 or 0.00023883 BTC.
• Bitcoin SV (BSV) traded up 0.7% against the dollar and now trades at $45.37 or 0.00067750 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

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 474,767,206 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 message board for Steem is steemit.com/@steemitblog. Steem’s official website is steem.com.

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 purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to trade Steem should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView