Steem (STEEM) Reaches Market Cap of $119.06 Million

Steem (STEEM) traded 4% lower against the dollar during the twenty-four hour period ending at 10:00 AM E.T. on December 16th. During the last seven days, Steem has traded 13.1% lower against the dollar. One Steem coin can now be purchased for $0.25 or 0.00000235 BTC on popular exchanges. Steem has a market cap of $119.06 million and approximately $30.46 million worth of Steem was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 3.2% higher against the dollar and now trades at $105,789.03 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.6% against the dollar and now trades at $0.40 or 0.00000378 BTC.
• Bitcoin Cash (BCH) traded 1.3% lower against the dollar and now trades at $534.89 or 0.00505617 BTC.
• Litecoin (LTC) traded 1.9% lower against the dollar and now trades at $117.64 or 0.00111206 BTC.
• UNUS SED LEO (LEO) traded 2.5% higher against the dollar and now trades at $9.58 or 0.00009057 BTC.
• Ethereum Classic (ETC) traded 0.5% lower against the dollar and now trades at $32.95 or 0.00031143 BTC.
• Monero (XMR) traded 2.8% lower against the dollar and now trades at $211.31 or 0.00199749 BTC.
• Arweave (AR) traded 3.4% lower against the dollar and now trades at $21.68 or 0.00020494 BTC.
• IOTA (MIOTA) traded down 4.7% against the dollar and now trades at $0.38 or 0.00000358 BTC.
• Bitcoin SV (BSV) traded down 1.5% against the dollar and now trades at $65.65 or 0.00062057 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 478,662,194 coins. The official message board for Steem is steemit.com/@steemitblog. The official website for Steem is steem.com. 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 possible to buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to trade Steem should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView