Steem Market Capitalization Achieves $121.79 Million (STEEM)

Steem (STEEM) traded 7.4% higher against the US dollar during the 1 day period ending at 10:00 AM ET on April 19th. One Steem coin can now be purchased for about $0.26 or 0.00000408 BTC on popular exchanges. Steem has a market cap of $121.79 million and $12.53 million worth of Steem was traded on exchanges in the last 24 hours. Over the last week, Steem has traded 21.1% lower against the US dollar.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 1.3% higher against the dollar and now trades at $65,061.03 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.5% higher against the dollar and now trades at $0.15 or 0.00000236 BTC.
• Bitcoin Cash (BCH) traded up 1.1% against the dollar and now trades at $481.29 or 0.00741603 BTC.
• Litecoin (LTC) traded up 0.4% against the dollar and now trades at $81.39 or 0.00125411 BTC.
• UNUS SED LEO (LEO) traded down 0.4% against the dollar and now trades at $5.83 or 0.00008986 BTC.
• Ethereum Classic (ETC) traded up 2.3% against the dollar and now trades at $26.20 or 0.00040376 BTC.
• Monero (XMR) traded up 3% against the dollar and now trades at $117.74 or 0.00181420 BTC.
• Arweave (AR) traded 14.2% higher against the dollar and now trades at $27.57 or 0.00042486 BTC.
• Bitcoin SV (BSV) traded 1.6% higher against the dollar and now trades at $66.55 or 0.00102543 BTC.
• eCash (XEC) traded 4.1% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Steem Coin Profile

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 460,117,658 coins. The official message board for Steem is steemit.com/@steemitblog. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. 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.

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

STEEM/USD price chart by TradingView