Steem (STEEM) Trading 3.8% Lower Over Last Week

Steem (STEEM) traded 1.1% lower against the US dollar during the one day period ending at 8:00 AM ET on September 7th. One Steem coin can now be bought for $0.16 or 0.00000287 BTC on popular cryptocurrency exchanges. Steem has a total market cap of $73.70 million and $16.75 million worth of Steem was traded on exchanges in the last 24 hours. Over the last week, Steem has traded 3.8% lower against the US dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 4% lower against the dollar and now trades at $54,506.62 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.1% against the dollar and now trades at $0.0949 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded down 2.3% against the dollar and now trades at $303.72 or 0.00557532 BTC.
• UNUS SED LEO (LEO) traded 2.9% lower against the dollar and now trades at $5.40 or 0.00009905 BTC.
• Litecoin (LTC) traded down 3.2% against the dollar and now trades at $63.54 or 0.00116630 BTC.
• Monero (XMR) traded down 1.3% against the dollar and now trades at $169.81 or 0.00311704 BTC.
• Ethereum Classic (ETC) traded down 0.8% against the dollar and now trades at $17.62 or 0.00032346 BTC.
• Arweave (AR) traded down 4.2% against the dollar and now trades at $20.65 or 0.00037913 BTC.
• Bitcoin SV (BSV) traded 1.3% lower against the dollar and now trades at $45.15 or 0.00082884 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

Steem (CRYPTO: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 470,829,799 coins. 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. 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 purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the exchanges listed above.

STEEM/USD price chart by TradingView