Steem Tops One Day Trading Volume of $16.26 Million (STEEM)

Steem (STEEM) traded up 1.3% against the dollar during the twenty-four hour period ending at 10:00 AM ET on February 14th. Steem has a total market cap of $86.23 million and approximately $16.26 million worth of Steem was traded on exchanges in the last day. One Steem coin can now be bought for about $0.18 or 0.00000185 BTC on popular cryptocurrency exchanges. In the last seven days, Steem has traded 3.6% higher against the dollar.

Here’s how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded up 0.6% against the dollar and now trades at $96,535.81 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 5.3% against the dollar and now trades at $0.27 or 0.00000279 BTC.
• Litecoin (LTC) traded up 4.6% against the dollar and now trades at $127.06 or 0.00131624 BTC.
• UNUS SED LEO (LEO) traded up 0.2% against the dollar and now trades at $9.81 or 0.00010158 BTC.
• Bitcoin Cash (BCH) traded 3.3% higher against the dollar and now trades at $342.04 or 0.00354318 BTC.
• Monero (XMR) traded 2.2% higher against the dollar and now trades at $228.75 or 0.00236954 BTC.
• Ethereum Classic (ETC) traded up 1.2% against the dollar and now trades at $21.31 or 0.00022073 BTC.
• IOTA (MIOTA) traded up 2.7% against the dollar and now trades at $0.24 or 0.00000251 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 1.6% higher against the dollar and now trades at $39.87 or 0.00041304 BTC.

Steem Profile

Steem (STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its launch date was March 24th, 2016. Steem’s total supply is 483,314,348 coins. 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. The official website for Steem is steem.com. Steem’s official message board is steemit.com/@steemitblog.

According to CryptoCompare, “Steem is a blockchain platform designed to reward content creation and curation with cryptocurrency, launched in 2016 by Ned Scott and Dan Larimer. It uses a Delegated Proof of Stake (DPoS) consensus mechanism, ensuring fast, fee-free transactions and decentralised governance. The platform’s three-token system includes STEEM, the native token used for rewards and liquidity; Steem Power (SP), a vested token for staking and governance; and Steem Dollars (SBD), a stablecoin intended to be pegged to the US dollar but often subject to volatility. STEEM is primarily used to reward users for posting and curating content, peer-to-peer transfers, and staking for governance. SP increases voting influence, while SBD offers a more stable, though fluctuating, form of payment. Steem’s core application is Steemit, a decentralised social media platform where users earn rewards directly from blockchain protocol incentives.”

Steem Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to trade Steem should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. 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