Steem (STEEM) Trading 28.7% Lower This Week

Steem (STEEM) traded 1.4% lower against the dollar during the 1 day period ending at 22:00 PM ET on April 18th. One Steem coin can now be bought for about $0.24 or 0.00000401 BTC on cryptocurrency exchanges. Steem has a market capitalization of $111.02 million and approximately $11.32 million worth of Steem was traded on exchanges in the last day. During the last week, Steem has traded down 28.7% against the dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 2.2% lower against the dollar and now trades at $60,178.26 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.9% against the dollar and now trades at $0.14 or 0.00000235 BTC.
• Bitcoin Cash (BCH) traded down 3.7% against the dollar and now trades at $451.23 or 0.00749825 BTC.
• Litecoin (LTC) traded down 4% against the dollar and now trades at $76.90 or 0.00127791 BTC.
• UNUS SED LEO (LEO) traded down 1.6% against the dollar and now trades at $5.82 or 0.00009676 BTC.
• Ethereum Classic (ETC) traded down 4.2% against the dollar and now trades at $24.42 or 0.00040575 BTC.
• Monero (XMR) traded down 5.9% against the dollar and now trades at $111.53 or 0.00185335 BTC.
• Arweave (AR) traded 3.8% lower against the dollar and now trades at $23.07 or 0.00038343 BTC.
• Bitcoin SV (BSV) traded 4.5% lower against the dollar and now trades at $62.37 or 0.00103634 BTC.
• eCash (XEC) traded 4.7% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Steem 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 460,077,950 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. Steem’s official message board is steemit.com/@steemitblog. 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.”

Steem Coin Trading

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