Steem (STEEM) 24 Hour Trading Volume Hits $23.00 Million

Steem (STEEM) traded up 3% against the U.S. dollar during the 24-hour period ending at 8:00 AM Eastern on October 16th. Steem has a total market cap of $88.22 million and approximately $23.00 million worth of Steem was traded on exchanges in the last 24 hours. One Steem coin can now be purchased for approximately $0.19 or 0.00000274 BTC on popular exchanges. Over the last week, Steem has traded up 2.8% against the U.S. dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 3.2% higher against the dollar and now trades at $67,959.98 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 11% against the dollar and now trades at $0.13 or 0.00000185 BTC.
• Bitcoin Cash (BCH) traded 0.7% higher against the dollar and now trades at $364.35 or 0.00536121 BTC.
• UNUS SED LEO (LEO) traded 0.3% lower against the dollar and now trades at $6.14 or 0.00009032 BTC.
• Litecoin (LTC) traded 8.1% higher against the dollar and now trades at $71.55 or 0.00105289 BTC.
• Ethereum Classic (ETC) traded 3.4% higher against the dollar and now trades at $19.64 or 0.00028902 BTC.
• Monero (XMR) traded down 0.1% against the dollar and now trades at $154.88 or 0.00227903 BTC.
• Arweave (AR) traded up 1.5% against the dollar and now trades at $19.68 or 0.00028965 BTC.
• Bitcoin SV (BSV) traded 5.7% higher against the dollar and now trades at $51.29 or 0.00075478 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. It was first traded on March 24th, 2016. Steem’s total supply is 473,924,431 coins. The official website for Steem is steem.com. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official message board for Steem is steemit.com/@steemitblog. 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.”

Steem Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to acquire Steem should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. 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