Steem Market Cap Hits $102.09 Million (STEEM)

Steem (STEEM) traded down 2.6% against the dollar during the twenty-four hour period ending at 10:00 AM ET on February 12th. One Steem coin can now be purchased for approximately $0.22 or 0.00000459 BTC on exchanges. In the last week, Steem has traded up 5.1% against the dollar. Steem has a market cap of $102.09 million and $4.27 million worth of Steem was traded on exchanges in the last 24 hours.

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

  • Bitcoin (BTC) traded up 1.7% against the dollar and now trades at $48,790.26 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 1.7% lower against the dollar and now trades at $0.0805 or 0.00000165 BTC.
  • Bitcoin Cash (BCH) traded 2.8% higher against the dollar and now trades at $282.19 or 0.00578379 BTC.
  • Litecoin (LTC) traded down 1.5% against the dollar and now trades at $71.13 or 0.00145797 BTC.
  • UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $4.12 or 0.00008452 BTC.
  • Ethereum Classic (ETC) traded down 0.3% against the dollar and now trades at $25.90 or 0.00053091 BTC.
  • Monero (XMR) traded down 1.7% against the dollar and now trades at $119.58 or 0.00245094 BTC.
  • Bitcoin SV (BSV) traded 0.1% higher against the dollar and now trades at $79.93 or 0.00163828 BTC.
  • NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
  • Conflux (CFX) traded down 2.9% against the dollar and now trades at $0.22 or 0.00000443 BTC.

Steem Profile

Steem (CRYPTO: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 455,497,610 coins. 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. The official message board for Steem is steemit.com/@steemitblog. 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 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 GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem using one of the exchanges listed above.

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