Steem Trading 2.6% Lower This Week (STEEM)

Steem (STEEM) traded 0.2% lower against the US dollar during the one day period ending at 9:00 AM Eastern on October 25th. Steem has a total market cap of $81.86 million and approximately $15.53 million worth of Steem was traded on exchanges in the last day. Over the last week, Steem has traded 2.6% lower against the US dollar. One Steem coin can currently be bought for about $0.17 or 0.00000253 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $68,116.94 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.7% against the dollar and now trades at $0.14 or 0.00000204 BTC.
• Bitcoin Cash (BCH) traded up 4.6% against the dollar and now trades at $371.96 or 0.00546231 BTC.
• UNUS SED LEO (LEO) traded down 1.3% against the dollar and now trades at $6.07 or 0.00008911 BTC.
• Litecoin (LTC) traded up 3.2% against the dollar and now trades at $71.91 or 0.00105598 BTC.
• Monero (XMR) traded 0.3% higher against the dollar and now trades at $157.53 or 0.00231344 BTC.
• Ethereum Classic (ETC) traded up 2.8% against the dollar and now trades at $19.19 or 0.00028182 BTC.
• Arweave (AR) traded up 0.8% against the dollar and now trades at $18.25 or 0.00026795 BTC.
• Bitcoin SV (BSV) traded 1.9% higher against the dollar and now trades at $48.32 or 0.00070963 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Steem

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 474,641,719 coins. The official website for Steem is steem.com. The official message board for Steem is steemit.com/@steemitblog. 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.”

Buying and Selling Steem

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

STEEM/USD price chart by TradingView