Steem (STEEM) Reaches Market Capitalization of $131.37 Million

Steem (STEEM) traded down 1.7% against the U.S. dollar during the 24 hour period ending at 17:00 PM Eastern on April 28th. Over the last week, Steem has traded 4% higher against the U.S. dollar. One Steem coin can now be purchased for about $0.29 or 0.00000448 BTC on popular exchanges. Steem has a total market capitalization of $131.37 million and approximately $4.74 million worth of Steem was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 0.7% against the dollar and now trades at $63,637.01 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.8% against the dollar and now trades at $0.15 or 0.00000236 BTC.
• Bitcoin Cash (BCH) traded 1.5% higher against the dollar and now trades at $480.18 or 0.00754555 BTC.
• Litecoin (LTC) traded up 1.5% against the dollar and now trades at $85.22 or 0.00133912 BTC.
• UNUS SED LEO (LEO) traded down 1% against the dollar and now trades at $5.75 or 0.00009042 BTC.
• Ethereum Classic (ETC) traded up 4.8% against the dollar and now trades at $28.77 or 0.00045206 BTC.
• Arweave (AR) traded 9.2% higher against the dollar and now trades at $36.78 or 0.00057791 BTC.
• Monero (XMR) traded up 4% against the dollar and now trades at $126.30 or 0.00198474 BTC.
• Bitcoin SV (BSV) traded 0.8% higher against the dollar and now trades at $67.35 or 0.00105840 BTC.
• eCash (XEC) traded down 0.4% against the dollar and now trades at $0.0001 or 0.00000000 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 460,767,381 coins. 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 message board for Steem 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.”

Buying and Selling Steem

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

STEEM/USD price chart by TradingView