Steem (STEEM) Achieves Market Capitalization of $134.09 Million

Steem (STEEM) traded 27.9% higher against the US dollar during the 1-day period ending at 10:00 AM E.T. on December 28th. One Steem coin can now be purchased for about $0.28 or 0.00000297 BTC on cryptocurrency exchanges. During the last seven days, Steem has traded up 40.4% against the US dollar. Steem has a total market cap of $134.09 million and approximately $434.07 million worth of Steem was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded up 0% against the dollar and now trades at $94,288.30 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.5% against the dollar and now trades at $0.32 or 0.00000337 BTC.
• Bitcoin Cash (BCH) traded 0.5% lower against the dollar and now trades at $444.70 or 0.00471635 BTC.
• UNUS SED LEO (LEO) traded up 0.9% against the dollar and now trades at $9.29 or 0.00009849 BTC.
• Litecoin (LTC) traded down 2.1% against the dollar and now trades at $99.56 or 0.00105593 BTC.
• Ethereum Classic (ETC) traded down 0% against the dollar and now trades at $26.21 or 0.00027795 BTC.
• Monero (XMR) traded up 2.1% against the dollar and now trades at $197.97 or 0.00209960 BTC.
• Arweave (AR) traded 2% higher against the dollar and now trades at $17.07 or 0.00018104 BTC.
• IOTA (MIOTA) traded 0.5% higher against the dollar and now trades at $0.30 or 0.00000317 BTC.
• Bitcoin SV (BSV) traded 0.5% higher against the dollar and now trades at $53.47 or 0.00056706 BTC.

About Steem

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 479,613,371 coins. Steem’s official website is steem.com. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official message board 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.”

Buying and Selling Steem

It is usually not presently possible to purchase alternative cryptocurrencies such as Steem directly using US dollars. Investors seeking to trade Steem should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView