Steem Price Reaches $0.19 on Exchanges (STEEM)

Steem (STEEM) traded down 7.3% against the U.S. dollar during the 24-hour period ending at 10:00 AM E.T. on December 20th. During the last week, Steem has traded 28.1% lower against the U.S. dollar. One Steem coin can currently be purchased for approximately $0.19 or 0.00000197 BTC on major cryptocurrency exchanges. Steem has a market cap of $90.63 million and $47.63 million worth of Steem was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 4.5% against the dollar and now trades at $95,817.52 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 14.8% against the dollar and now trades at $0.30 or 0.00000313 BTC.
• UNUS SED LEO (LEO) traded 0.6% higher against the dollar and now trades at $9.22 or 0.00009621 BTC.
• Bitcoin Cash (BCH) traded down 9.8% against the dollar and now trades at $428.54 or 0.00447246 BTC.
• Litecoin (LTC) traded 11.1% lower against the dollar and now trades at $94.75 or 0.00098891 BTC.
• Ethereum Classic (ETC) traded 10.7% lower against the dollar and now trades at $25.73 or 0.00026856 BTC.
• Monero (XMR) traded down 15.8% against the dollar and now trades at $176.14 or 0.00183827 BTC.
• Arweave (AR) traded down 8.4% against the dollar and now trades at $16.37 or 0.00017086 BTC.
• Bitcoin SV (BSV) traded down 7.9% against the dollar and now trades at $52.06 or 0.00054327 BTC.
• IOTA (MIOTA) traded 11.7% lower against the dollar and now trades at $0.29 or 0.00000299 BTC.

Steem Coin Profile

Steem (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 478,979,800 coins. Steem’s official message board 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. Steem’s official website 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.”

Buying and Selling Steem

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