Steem (STEEM) Trading 6.7% Lower Over Last 7 Days

Steem (STEEM) traded 0.3% lower against the dollar during the one day period ending at 7:00 AM Eastern on November 4th. One Steem coin can now be bought for about $0.15 or 0.00000224 BTC on popular cryptocurrency exchanges. Steem has a market capitalization of $73.28 million and $16.96 million worth of Steem was traded on exchanges in the last 24 hours. In the last seven days, Steem has traded down 6.7% against the dollar.

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

• Bitcoin (BTC) traded 0.6% higher against the dollar and now trades at $68,911.08 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.7% higher against the dollar and now trades at $0.16 or 0.00000228 BTC.
• Bitcoin Cash (BCH) traded down 0.5% against the dollar and now trades at $339.49 or 0.00492653 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $6.04 or 0.00008765 BTC.
• Litecoin (LTC) traded down 1.1% against the dollar and now trades at $66.78 or 0.00096900 BTC.
• Monero (XMR) traded 1.5% higher against the dollar and now trades at $158.35 or 0.00229785 BTC.
• Ethereum Classic (ETC) traded 0.2% higher against the dollar and now trades at $17.87 or 0.00025934 BTC.
• Bitcoin SV (BSV) traded 1.6% lower against the dollar and now trades at $46.60 or 0.00067630 BTC.
• Arweave (AR) traded 0.8% lower against the dollar and now trades at $13.80 or 0.00020032 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. It was first traded on March 24th, 2016. Steem’s total supply is 475,436,556 coins. The official message board for Steem is steemit.com/@steemitblog. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. 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.

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 buy alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, 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