Steem (STEEM) Market Capitalization Achieves $75.18 Million

Steem (STEEM) traded down 4.6% against the US dollar during the 1-day period ending at 14:00 PM E.T. on August 30th. Steem has a market capitalization of $75.18 million and $15.01 million worth of Steem was traded on exchanges in the last day. During the last seven days, Steem has traded 15.3% lower against the US dollar. One Steem coin can now be purchased for $0.16 or 0.00000272 BTC on major exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 0.3% against the dollar and now trades at $58,704.53 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.6% lower against the dollar and now trades at $0.0993 or 0.00000169 BTC.
• Bitcoin Cash (BCH) traded 1.3% lower against the dollar and now trades at $322.59 or 0.00549517 BTC.
• UNUS SED LEO (LEO) traded 0.8% lower against the dollar and now trades at $5.79 or 0.00009864 BTC.
• Litecoin (LTC) traded down 0.8% against the dollar and now trades at $62.82 or 0.00107015 BTC.
• Monero (XMR) traded 0.3% lower against the dollar and now trades at $165.43 or 0.00281803 BTC.
• Ethereum Classic (ETC) traded down 2.4% against the dollar and now trades at $18.26 or 0.00031102 BTC.
• Arweave (AR) traded 5.6% lower against the dollar and now trades at $21.41 or 0.00036464 BTC.
• Bitcoin SV (BSV) traded down 2.6% against the dollar and now trades at $42.30 or 0.00072062 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

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 470,216,564 coins. Steem’s official message board 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. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed 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 U.S. dollars. Investors seeking to acquire Steem should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. 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