Steem Tops 24 Hour Trading Volume of $14.35 Million (STEEM)

Steem (STEEM) traded down 3.2% against the US dollar during the one day period ending at 23:00 PM E.T. on September 28th. One Steem coin can currently be purchased for about $0.20 or 0.00000297 BTC on major cryptocurrency exchanges. Over the last week, Steem has traded up 3.7% against the US dollar. Steem has a market capitalization of $92.30 million and approximately $14.35 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0.6% lower against the dollar and now trades at $65,782.40 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.7% against the dollar and now trades at $0.13 or 0.00000197 BTC.
• Bitcoin Cash (BCH) traded 2.2% lower against the dollar and now trades at $352.56 or 0.00535950 BTC.
• UNUS SED LEO (LEO) traded 1.5% higher against the dollar and now trades at $5.92 or 0.00009002 BTC.
• Litecoin (LTC) traded 2.4% lower against the dollar and now trades at $69.67 or 0.00105911 BTC.
• Ethereum Classic (ETC) traded down 1.6% against the dollar and now trades at $20.60 or 0.00031313 BTC.
• Monero (XMR) traded 3.7% lower against the dollar and now trades at $158.13 or 0.00240376 BTC.
• Arweave (AR) traded 7.6% lower against the dollar and now trades at $22.10 or 0.00033591 BTC.
• Bitcoin SV (BSV) traded 2% lower against the dollar and now trades at $52.25 or 0.00079428 BTC.
• Nervos Network (CKB) traded up 0.3% against the dollar and now trades at $0.0182 or 0.00000028 BTC.

Steem Profile

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 472,547,546 coins. Steem’s official website is steem.com. Steem’s official message board is steemit.com/@steemitblog. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. 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.”

Buying and Selling Steem

It is usually not presently possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX 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