Steem Achieves Market Capitalization of $72.42 Million (STEEM)

Steem (STEEM) traded 5.3% lower against the US dollar during the 24-hour period ending at 15:00 PM ET on August 4th. Steem has a market cap of $72.42 million and approximately $16.90 million worth of Steem was traded on exchanges in the last 24 hours. In the last seven days, Steem has traded 24.1% lower against the US dollar. One Steem coin can now be bought for $0.15 or 0.00000265 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded down 1.4% against the dollar and now trades at $58,315.44 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 5.2% against the dollar and now trades at $0.10 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded down 6.3% against the dollar and now trades at $336.33 or 0.00576742 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.65 or 0.00009691 BTC.
• Litecoin (LTC) traded 1.8% lower against the dollar and now trades at $62.17 or 0.00106618 BTC.
• Ethereum Classic (ETC) traded down 4.5% against the dollar and now trades at $18.73 or 0.00032124 BTC.
• Monero (XMR) traded down 3.9% against the dollar and now trades at $147.13 or 0.00252297 BTC.
• Arweave (AR) traded down 6.8% against the dollar and now trades at $20.84 or 0.00035739 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 5.7% lower against the dollar and now trades at $39.79 or 0.00068239 BTC.

Steem Coin Profile

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 468,154,292 coins. 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. Steem’s official message board is steemit.com/@steemitblog. Steem’s official website is steem.com.

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 buy alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView