Steem Achieves Market Cap of $85.38 Million (STEEM)

Steem (STEEM) traded 6.6% higher against the US dollar during the 24-hour period ending at 17:00 PM Eastern on October 11th. Steem has a total market cap of $85.38 million and approximately $15.48 million worth of Steem was traded on exchanges in the last 24 hours. Over the last seven days, Steem has traded 4.2% higher against the US dollar. One Steem coin can currently be bought for $0.18 or 0.00000286 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded up 5.6% against the dollar and now trades at $63,047.62 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 6% against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Bitcoin Cash (BCH) traded up 2.3% against the dollar and now trades at $328.32 or 0.00520780 BTC.
• UNUS SED LEO (LEO) traded up 2.1% against the dollar and now trades at $6.15 or 0.00009749 BTC.
• Litecoin (LTC) traded up 2.5% against the dollar and now trades at $65.66 or 0.00104146 BTC.
• Monero (XMR) traded up 0.8% against the dollar and now trades at $152.15 or 0.00241335 BTC.
• Ethereum Classic (ETC) traded 3.1% higher against the dollar and now trades at $18.69 or 0.00029640 BTC.
• Arweave (AR) traded 6.4% higher against the dollar and now trades at $18.85 or 0.00029898 BTC.
• Bitcoin SV (BSV) traded 5.2% higher against the dollar and now trades at $45.65 or 0.00072410 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Steem Coin Profile

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 473,558,295 coins. 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. Steem’s official website is steem.com. Steem’s official Twitter account is @steemit and its Facebook page is accessible 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.”

Steem Coin Trading

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