Steem (STEEM) Hits Market Cap of $89.55 Million

Steem (STEEM) traded 2.3% lower against the US dollar during the 1 day period ending at 9:00 AM Eastern on November 14th. Steem has a total market cap of $89.55 million and $52.63 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can currently be bought for about $0.19 or 0.00000206 BTC on major cryptocurrency exchanges. During the last seven days, Steem has traded up 8.6% against the US dollar.

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

• Bitcoin (BTC) traded 3% lower against the dollar and now trades at $91,285.18 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1% higher against the dollar and now trades at $0.41 or 0.00000449 BTC.
• Bitcoin Cash (BCH) traded up 1.4% against the dollar and now trades at $432.13 or 0.00473384 BTC.
• UNUS SED LEO (LEO) traded up 0.5% against the dollar and now trades at $7.49 or 0.00008204 BTC.
• Litecoin (LTC) traded up 7.1% against the dollar and now trades at $80.79 or 0.00088507 BTC.
• Ethereum Classic (ETC) traded up 0% against the dollar and now trades at $22.33 or 0.00024465 BTC.
• Monero (XMR) traded 2% lower against the dollar and now trades at $147.02 or 0.00161058 BTC.
• Bitcoin SV (BSV) traded up 15.1% against the dollar and now trades at $64.83 or 0.00071022 BTC.
• Arweave (AR) traded down 4.5% against the dollar and now trades at $17.11 or 0.00018747 BTC.
• eCash (XEC) traded 8.4% higher against the dollar and now trades at $0.0000 or 0.00000000 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 476,233,699 coins. 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. The official message board for Steem is steemit.com/@steemitblog.

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 purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. 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