Steem Market Cap Hits $94.35 Million (STEEM)

Steem (STEEM) traded 0.4% higher against the U.S. dollar during the twenty-four hour period ending at 18:00 PM Eastern on September 27th. One Steem coin can now be bought for about $0.20 or 0.00000303 BTC on popular cryptocurrency exchanges. Steem has a total market cap of $94.35 million and $19.46 million worth of Steem was traded on exchanges in the last 24 hours. In the last week, Steem has traded up 8.1% against the U.S. dollar.

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

• Bitcoin (BTC) traded up 1.3% against the dollar and now trades at $65,829.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.9% higher against the dollar and now trades at $0.12 or 0.00000188 BTC.
• Bitcoin Cash (BCH) traded 2.1% higher against the dollar and now trades at $359.20 or 0.00545647 BTC.
• UNUS SED LEO (LEO) traded up 0.2% against the dollar and now trades at $5.83 or 0.00008862 BTC.
• Litecoin (LTC) traded 3.9% higher against the dollar and now trades at $70.61 or 0.00107255 BTC.
• Ethereum Classic (ETC) traded 3.2% higher against the dollar and now trades at $20.83 or 0.00031636 BTC.
• Monero (XMR) traded down 0.5% against the dollar and now trades at $163.46 or 0.00248312 BTC.
• Arweave (AR) traded 3.5% higher against the dollar and now trades at $23.49 or 0.00035684 BTC.
• Bitcoin SV (BSV) traded 3.1% higher against the dollar and now trades at $53.08 or 0.00080630 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 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 472,451,455 coins. 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. The official message board for Steem is steemit.com/@steemitblog.

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 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 Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView