Steem Price Hits $0.17 (STEEM)

Steem (STEEM) traded 1.2% higher against the US dollar during the 24-hour period ending at 22:00 PM E.T. on September 18th. One Steem coin can now be bought for about $0.17 or 0.00000274 BTC on cryptocurrency exchanges. Steem has a market cap of $80.07 million and approximately $17.43 million worth of Steem was traded on exchanges in the last day. In the last week, Steem has traded down 0.4% against the US dollar.

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

• Bitcoin (BTC) traded up 3.1% against the dollar and now trades at $62,054.44 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.5% higher against the dollar and now trades at $0.10 or 0.00000167 BTC.
• Bitcoin Cash (BCH) traded 10.8% higher against the dollar and now trades at $347.59 or 0.00560130 BTC.
• UNUS SED LEO (LEO) traded up 2.1% against the dollar and now trades at $5.81 or 0.00009366 BTC.
• Litecoin (LTC) traded up 1.7% against the dollar and now trades at $64.90 or 0.00104593 BTC.
• Monero (XMR) traded down 1.1% against the dollar and now trades at $171.04 or 0.00275622 BTC.
• Ethereum Classic (ETC) traded 3.5% higher against the dollar and now trades at $18.47 or 0.00029764 BTC.
• Arweave (AR) traded up 6.4% against the dollar and now trades at $19.39 or 0.00031246 BTC.
• Bitcoin SV (BSV) traded 3.3% higher against the dollar and now trades at $48.33 or 0.00077877 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 471,749,356 coins and its circulating supply is 471,747,709 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. Steem’s official message board 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.”

Steem Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to trade Steem should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView