Steem Price Down 11.6% This Week (STEEM)

Steem (STEEM) traded down 1.1% against the dollar during the one day period ending at 22:00 PM ET on October 26th. Steem has a market capitalization of $76.16 million and approximately $16.85 million worth of Steem was traded on exchanges in the last 24 hours. Over the last week, Steem has traded down 11.6% against the dollar. One Steem coin can currently be bought for $0.16 or 0.00000240 BTC on major exchanges.

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

• Bitcoin (BTC) traded up 0.6% against the dollar and now trades at $66,972.23 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4.3% against the dollar and now trades at $0.14 or 0.00000206 BTC.
• Bitcoin Cash (BCH) traded down 0.6% against the dollar and now trades at $348.47 or 0.00520314 BTC.
• UNUS SED LEO (LEO) traded up 1.6% against the dollar and now trades at $6.09 or 0.00009090 BTC.
• Litecoin (LTC) traded 0.8% lower against the dollar and now trades at $68.21 or 0.00101848 BTC.
• Monero (XMR) traded up 2.2% against the dollar and now trades at $161.30 or 0.00240848 BTC.
• Ethereum Classic (ETC) traded 0.5% lower against the dollar and now trades at $18.15 or 0.00027104 BTC.
• Arweave (AR) traded 1.1% higher against the dollar and now trades at $16.00 or 0.00023883 BTC.
• Bitcoin SV (BSV) traded 0.7% higher against the dollar and now trades at $45.37 or 0.00067750 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem (STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Its launch date was March 24th, 2016. Steem’s total supply is 474,767,206 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. The official message board for Steem is steemit.com/@steemitblog. Steem’s official website is steem.com. 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 buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase 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