Steem (STEEM) One Day Trading Volume Hits $8.98 Million

Steem (STEEM) traded down 3.2% against the dollar during the 1 day period ending at 13:00 PM Eastern on May 6th. Steem has a total market cap of $134.73 million and approximately $8.98 million worth of Steem was traded on exchanges in the last day. One Steem coin can now be purchased for approximately $0.29 or 0.00000461 BTC on popular exchanges. Over the last seven days, Steem has traded 4.9% higher against the dollar.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 1.6% lower against the dollar and now trades at $63,316.95 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.1% against the dollar and now trades at $0.16 or 0.00000247 BTC.
• Bitcoin Cash (BCH) traded 2.7% higher against the dollar and now trades at $482.29 or 0.00761708 BTC.
• Litecoin (LTC) traded up 0.3% against the dollar and now trades at $81.78 or 0.00129160 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $5.82 or 0.00009197 BTC.
• Ethereum Classic (ETC) traded 0.9% lower against the dollar and now trades at $27.40 or 0.00043278 BTC.
• Arweave (AR) traded down 3.1% against the dollar and now trades at $39.90 or 0.00063020 BTC.
• Monero (XMR) traded 0.9% higher against the dollar and now trades at $130.60 or 0.00206269 BTC.
• Bitcoin SV (BSV) traded 0.9% lower against the dollar and now trades at $64.72 or 0.00102214 BTC.
• eCash (XEC) traded down 2.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Steem

Steem (STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It was first traded on March 24th, 2016. Steem’s total supply is 461,291,714 coins. Steem’s official message board is steemit.com/@steemitblog. 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.

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 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 Changelly, GDAX or Gemini. 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