Steem (STEEM) 1-Day Volume Hits $22.42 Million

Steem (STEEM) traded 7.7% lower against the U.S. dollar during the one day period ending at 10:00 AM ET on October 26th. One Steem coin can currently be bought for about $0.16 or 0.00000239 BTC on major cryptocurrency exchanges. Steem has a total market capitalization of $75.87 million and $22.42 million worth of Steem was traded on exchanges in the last day. During the last seven days, Steem has traded 12.2% lower against the U.S. dollar.

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

• Bitcoin (BTC) traded 2.8% lower against the dollar and now trades at $66,734.54 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.4% against the dollar and now trades at $0.13 or 0.00000200 BTC.
• Bitcoin Cash (BCH) traded down 6.2% against the dollar and now trades at $348.84 or 0.00522483 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $5.99 or 0.00008974 BTC.
• Litecoin (LTC) traded 4.9% lower against the dollar and now trades at $68.50 or 0.00102601 BTC.
• Monero (XMR) traded 0.1% lower against the dollar and now trades at $158.06 or 0.00236740 BTC.
• Ethereum Classic (ETC) traded 6.3% lower against the dollar and now trades at $18.13 or 0.00027154 BTC.
• Arweave (AR) traded down 13.4% against the dollar and now trades at $15.95 or 0.00023897 BTC.
• Bitcoin SV (BSV) traded down 7.2% against the dollar and now trades at $45.13 or 0.00067591 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 launch date was March 24th, 2016. Steem’s total supply is 474,724,282 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. The official website for Steem is steem.com. The official message board for Steem is steemit.com/@steemitblog. 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 purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView