Steem (STEEM) Tops One Day Trading Volume of $14.29 Million

Steem (STEEM) traded 3.2% higher against the U.S. dollar during the 1-day period ending at 11:00 AM E.T. on September 12th. One Steem coin can now be purchased for $0.17 or 0.00000292 BTC on major cryptocurrency exchanges. During the last seven days, Steem has traded 7.4% higher against the U.S. dollar. Steem has a total market cap of $80.20 million and $14.29 million worth of Steem was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 1.8% against the dollar and now trades at $58,241.09 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4.1% against the dollar and now trades at $0.10 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded 3.3% higher against the dollar and now trades at $335.73 or 0.00576445 BTC.
• UNUS SED LEO (LEO) traded up 4.1% against the dollar and now trades at $5.76 or 0.00009889 BTC.
• Litecoin (LTC) traded up 3.2% against the dollar and now trades at $62.29 or 0.00106947 BTC.
• Monero (XMR) traded 1.6% higher against the dollar and now trades at $170.49 or 0.00292734 BTC.
• Ethereum Classic (ETC) traded 2.7% higher against the dollar and now trades at $18.55 or 0.00031857 BTC.
• Arweave (AR) traded 4.7% higher against the dollar and now trades at $20.11 or 0.00034528 BTC.
• Bitcoin SV (BSV) traded 0.4% lower against the dollar and now trades at $48.75 or 0.00083698 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Profile

Steem (CRYPTO:STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It launched on March 24th, 2016. Steem’s total supply is 471,235,619 coins. The official website for Steem is steem.com. 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.

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.”

Steem Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. 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