Steem (STEEM) Hits Market Cap of $91.21 Million

Steem (STEEM) traded down 1.4% against the US dollar during the 1-day period ending at 7:00 AM Eastern on June 21st. One Steem coin can currently be purchased for approximately $0.20 or 0.00000307 BTC on major cryptocurrency exchanges. In the last week, Steem has traded down 16% against the US dollar. Steem has a total market cap of $91.21 million and $4.95 million worth of Steem was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 3.7% lower against the dollar and now trades at $63,834.90 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.6% against the dollar and now trades at $0.12 or 0.00000195 BTC.
• Bitcoin Cash (BCH) traded 2% lower against the dollar and now trades at $391.25 or 0.00612816 BTC.
• Litecoin (LTC) traded down 3.1% against the dollar and now trades at $72.97 or 0.00114293 BTC.
• UNUS SED LEO (LEO) traded 0.4% higher against the dollar and now trades at $5.75 or 0.00009003 BTC.
• Ethereum Classic (ETC) traded down 3.6% against the dollar and now trades at $23.87 or 0.00037380 BTC.
• Monero (XMR) traded 1.2% lower against the dollar and now trades at $166.96 or 0.00261504 BTC.
• Arweave (AR) traded down 10.7% against the dollar and now trades at $25.85 or 0.00040495 BTC.
• Bitcoin SV (BSV) traded 3% lower against the dollar and now trades at $44.05 or 0.00068990 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

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 464,650,481 coins. Steem’s official message board is steemit.com/@steemitblog. Steem’s official website 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.”

Buying and Selling Steem

It is usually not 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 Changelly, GDAX or Coinbase. 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